OCFC Stock Overview
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A.
OceanFirst Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.61|
|52 Week High||US$24.25|
|52 Week Low||US$18.24|
|1 Month Change||3.70%|
|3 Month Change||1.40%|
|1 Year Change||-11.67%|
|3 Year Change||-15.37%|
|5 Year Change||-29.54%|
|Change since IPO||176.85%|
Recent News & Updates
Ocean First Financial goes ex-dividend tomorrow
Ocean First Financial (NASDAQ:OCFC) had declared $0.20/share quarterly dividend, 17.6% increase from prior dividend of $0.17. Payable Aug. 19; for shareholders of record Aug. 8; ex-div Aug. 5. See OCFC Dividend Scorecard, Yield Chart, & Dividend Growth.
|OCFC||US Banks||US Market|
Return vs Industry: OCFC exceeded the US Banks industry which returned -22.7% over the past year.
Return vs Market: OCFC exceeded the US Market which returned -18.8% over the past year.
|OCFC Average Weekly Movement||3.4%|
|Banks Industry Average Movement||3.6%|
|Market Average Movement||7.0%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: OCFC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: OCFC's weekly volatility (3%) has been stable over the past year.
About the Company
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans.
OceanFirst Financial Fundamentals Summary
|OCFC fundamental statistics|
Is OCFC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OCFC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 24, 2022
|Earnings per share (EPS)||1.66|
|Net Profit Margin||26.35%|
How did OCFC perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Is OCFC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OCFC?
Other financial metrics that can be useful for relative valuation.
|What is OCFC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does OCFC's PE Ratio compare to its peers?
|OCFC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SBSI Southside Bancshares
GABC German American Bancorp
LBAI Lakeland Bancorp
STBA S&T Bancorp
OCFC OceanFirst Financial
Price-To-Earnings vs Peers: OCFC is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (12.2x).
Price to Earnings Ratio vs Industry
How does OCFC's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: OCFC is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the US Banks industry average (9.7x)
Price to Earnings Ratio vs Fair Ratio
What is OCFC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.8x|
|Fair PE Ratio||18x|
Price-To-Earnings vs Fair Ratio: OCFC is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (18x).
Share Price vs Fair Value
What is the Fair Price of OCFC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OCFC ($19.61) is trading below our estimate of fair value ($28.83)
Significantly Below Fair Value: OCFC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is OceanFirst Financial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCFC's forecast earnings growth (28.3% per year) is above the savings rate (1.9%).
Earnings vs Market: OCFC's earnings (28.3% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: OCFC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OCFC's revenue (15.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: OCFC's revenue (15.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCFC's Return on Equity is forecast to be low in 3 years time (10.5%).
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How has OceanFirst Financial performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCFC has high quality earnings.
Growing Profit Margin: OCFC's current net profit margins (26.4%) are higher than last year (24.9%).
Past Earnings Growth Analysis
Earnings Trend: OCFC's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: OCFC's earnings growth over the past year (11.7%) is below its 5-year average (17.2% per year).
Earnings vs Industry: OCFC earnings growth over the past year (11.7%) exceeded the Banks industry 8.4%.
Return on Equity
High ROE: OCFC's Return on Equity (6.7%) is considered low.
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How is OceanFirst Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: OCFC's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: OCFC has a sufficient allowance for bad loans (251%).
Low Risk Liabilities: 90% of OCFC's liabilities are made up of primarily low risk sources of funding.
Loan Level: OCFC has an appropriate level of Loans to Assets ratio (75%).
Low Risk Deposits: OCFC's Loans to Deposits ratio (95%) is appropriate.
Level of Bad Loans: OCFC has an appropriate level of bad loans (0.2%).
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What is OceanFirst Financial current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|OceanFirst Financial Dividend Yield vs Market|
|Company (OceanFirst Financial)||4.1%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.5%|
|Industry Average (Banks)||3.3%|
|Analyst forecast in 3 Years (OceanFirst Financial)||3.8%|
Notable Dividend: OCFC's dividend (4.08%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: OCFC's dividend (4.08%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: OCFC's dividends per share have been stable in the past 10 years.
Growing Dividend: OCFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.9%), OCFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OCFC's dividends in 3 years are forecast to be well covered by earnings (25.4% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Maher (55 yo)
Mr. Christopher D. Maher, also known as Chris, serves as Director of Federal Reserve Bank of Philadelphia. Mr. Maher has been the Chief Executive Officer of OceanFirst Financial Corp and Bank since January...
CEO Compensation Analysis
|Chris Maher's Compensation vs OceanFirst Financial Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$3m||US$950k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$3m||US$946k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$3m||US$946k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$3m||US$846k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$2m||US$650k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$2m||US$598k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$1m||US$566k|
Compensation vs Market: Chris's total compensation ($USD3.16M) is about average for companies of similar size in the US market ($USD3.98M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Experienced Management: OCFC's management team is considered experienced (3.1 years average tenure).
Experienced Board: OCFC's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCFC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|02 Aug 22||SellUS$1,236,600||Michael Devlin||Individual||60,000||US$20.61|
|24 Jun 22||BuyUS$198,555||Patrick Barrett||Individual||10,500||US$18.91|
|13 May 22||BuyUS$37,980||Nicos Katsoulis||Individual||2,000||US$18.99|
|12 May 22||BuyUS$5,514||Patricia Turner||Individual||300||US$18.38|
|10 Mar 22||BuyUS$42,800||Nicos Katsoulis||Individual||2,000||US$21.40|
|07 Mar 22||SellUS$488,294||Christopher Maher||Individual||22,025||US$22.17|
|07 Mar 22||SellUS$71,698||Karthik Sridharan||Individual||3,234||US$22.17|
|07 Mar 22||SellUS$118,055||Joseph Lebel||Individual||5,325||US$22.17|
|07 Mar 22||SellUS$16,450||Angela Ho||Individual||742||US$22.17|
|07 Mar 22||SellUS$39,174||Anthony Giordano||Individual||1,767||US$22.17|
|07 Mar 22||SellUS$84,024||Michele Estep||Individual||3,790||US$22.17|
|29 Nov 21||BuyUS$62,700||Nicos Katsoulis||Individual||3,000||US$20.90|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
OceanFirst Financial Corp.'s employee growth, exchange listings and data sources
- Name: OceanFirst Financial Corp.
- Ticker: OCFC
- Exchange: NasdaqGS
- Founded: 1902
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.151b
- Shares outstanding: 58.69m
- Website: https://www.oceanfirst.com
Number of Employees
- OceanFirst Financial Corp.
- 110 West Front Street
- Red Bank
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCFC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jul 1996|
|OCFC.P||NasdaqGS (Nasdaq Global Select)||7% DP SHS PFD A||US||USD||May 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/06 00:00|
|End of Day Share Price||2022/10/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.