OceanFirst Financial Corp
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $16.69
- Today's High:
- $16.98
- Open Price:
- $16.74
- 52W Low:
- $12.6605
- 52W High:
- $24.2978
- Prev. Close:
- $16.72
- Volume:
- 123682
Company Statistics
- Market Cap.:
- $993.53 million
- Book Value:
- 27.355
- Revenue TTM:
- $438.16 million
- Operating Margin TTM:
- 47.44%
- Gross Profit TTM:
- $428.80 million
- Profit Margin:
- 33.68%
- Return on Assets TTM:
- 1.14%
- Return on Equity TTM:
- 9.4%
Company Profile
OceanFirst Financial Corp had its IPO on 1996-07-03 under the ticker symbol OCFC.
The company operates in the Financial Services sector and Banks-Regional industry. OceanFirst Financial Corp has a staff strength of 915 employees.
Stock update
Shares of OceanFirst Financial Corp opened at $16.74 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $16.69 - $16.98, and closed at $16.79.
This is a +0.42% increase from the previous day's closing price.
A total volume of 123,682 shares were traded at the close of the day’s session.
In the last one week, shares of OceanFirst Financial Corp have slipped by -3.06%.
OceanFirst Financial Corp's Key Ratios
OceanFirst Financial Corp has a market cap of $993.53 million, indicating a price to book ratio of 0.8268 and a price to sales ratio of 3.209.
In the last 12-months OceanFirst Financial Corp’s revenue was $438.16 million with a gross profit of $428.80 million and an EBITDA of $0. The EBITDA ratio measures OceanFirst Financial Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, OceanFirst Financial Corp’s operating margin was 47.44% while its return on assets stood at 1.14% with a return of equity of 9.4%.
In Q2, OceanFirst Financial Corp’s quarterly earnings growth was a negative -4.3% while revenue growth was a positive 2.8%.
OceanFirst Financial Corp’s PE and PEG Ratio
- Forward PE
- 8.6059
- Trailing PE
- 6.8525
- PEG
- 1.84
Its diluted EPS in the last 12-months stands at $2.44 per share while it has a forward price to earnings multiple of 8.6059 and a PEG multiple of 1.84. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into OceanFirst Financial Corp’s profitability.
OceanFirst Financial Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.209.
OceanFirst Financial Corp stock pays annual dividends of $0.8 per share, indicating a yield of 4.78% and a payout ratio of 35.09%.
Balance sheet and cash flow metrics
- Total Assets
- $13.54 billion
- Total Liabilities
- $10.16 billion
- Operating Cash Flow
- $-7971000.00
- Capital Expenditure
- $2.56 million
- Dividend Payout Ratio
- 35.09%
OceanFirst Financial Corp ended 2024 with $13.54 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $13.54 billion while shareholder equity stood at $1.63 billion.
OceanFirst Financial Corp ended 2024 with $0 in deferred long-term liabilities, $10.16 billion in other current liabilities, 613000.00 in common stock, $569.87 million in retained earnings and $506.15 million in goodwill. Its cash balance stood at $457.75 million and cash and short-term investments were $909.76 million. The company’s total short-term debt was $0 while long-term debt stood at $1.29 billion.
OceanFirst Financial Corp’s total current assets stands at $957.70 million while long-term investments were $1.77 billion and short-term investments were $452.02 million. Its net receivables were $47.93 million compared to accounts payable of $0 and inventory worth $0.
In 2024, OceanFirst Financial Corp's operating cash flow was $-7971000.00 while its capital expenditure stood at $2.56 million.
Comparatively, OceanFirst Financial Corp paid $0.35 in dividends in 2024.
Other key metrics
- Current Trading Price
- $16.79
- 52-Week High
- $24.2978
- 52-Week Low
- $12.6605
- Analyst Target Price
- $21
OceanFirst Financial Corp stock is currently trading at $16.79 per share. It touched a 52-week high of $24.2978 and a 52-week low of $24.2978. Analysts tracking the stock have a 12-month average target price of $21.
Its 50-day moving average was $17.22 and 200-day moving average was $18.51 The short ratio stood at 2.89 indicating a short percent outstanding of 0%.
Around 254.9% of the company’s stock are held by insiders while 7100.4% are held by institutions.
Frequently Asked Questions About OceanFirst Financial Corp
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About
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, 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. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, trust and asset management services; and sells life insurance products. The company was founded in 1902 and is based in Red Bank, New Jersey.