Oceanfirst Financial Corp (OCFC)

$13.86

-0.17

(-1.21%)

Market is closed - opens 8 PM, 01 Dec 2023

Insights on Oceanfirst Financial Corp

  • Increasing Revenue

    Revenue is up for the last 3 quarters, 99.59M → 100.60M (in $), with an average increase of 0.5% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 4 quarters, 53.27M → 20.66M (in $), with an average decrease of 24.5% per quarter

  • Vs MFG

    In the last 1 year, Mizuho Financial Group, Inc. has given 39.6% return, outperforming this stock by 80.2%

  • Vs IBN

    In the last 3 years, Icici Bank Ltd. has given 31.5% return, outperforming this stock by 45.9%

Performance

  • $13.82
    $14.09
    $13.86
    downward going graph

    0.32%

    Downside

    Day's Volatility :1.95%

    Upside

    1.63%

    downward going graph
  • $11.65
    $23.34
    $13.86
    downward going graph

    15.95%

    Downside

    52 Weeks Volatility :50.09%

    Upside

    40.62%

    downward going graph

Returns

PeriodOceanfirst Financial CorpSector (Financials)Index (Russel 2000)
3 Months
-19.98%
3.5%
0.0%
6 Months
-4.15%
11.8%
0.0%
1 Year
-40.62%
-0.6%
-6.0%
3 Years
-14.39%
26.8%
-3.7%

Highlights

Market Capitalization
818.9M
Book Value
$27.55
Dividend Share
0.8
Dividend Yield
5.81%
Earnings Per Share (EPS)
2.13
PE Ratio
6.47
PEG Ratio
1.84
Wall Street Target Price
17.83
Profit Margin
30.9%
Operating Margin TTM
33.38%
Return On Assets TTM
0.99%
Return On Equity TTM
8.16%
Revenue TTM
419.5M
Revenue Per Share TTM
7.12
Quarterly Revenue Growth YOY
-16.900000000000002%
Gross Profit TTM
428.8M
Diluted Eps TTM
2.13
Quarterly Earnings Growth YOY
-0.48
EPS Estimate Current Year
1.75
EPS Estimate Next Year
1.75
EPS Estimate Current Quarter
0.35
EPS Estimate Next Quarter
0.48

Analyst Recommendation

Buy
    61%Buy
    38%Hold
    0
    0%Sell
Based on 13 Wall street analysts offering stock ratings for Oceanfirst Financial Corp(by analysts ranked 0 to 5 stars)
Based on 13 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
8
8
9
Hold
5
5
4
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 28.64%

Current $13.86
Target $17.83

Company Financials

FY17Y/Y Change
Revenue
192.7M
↑ 39.33%
Net Income
42.5M
↑ 84.28%
Net Profit Margin
22.04%
↑ 5.38%
FY18Y/Y Change
Revenue
271.1M
↑ 40.67%
Net Income
71.9M
↑ 69.37%
Net Profit Margin
26.53%
↑ 4.49%
FY19Y/Y Change
Revenue
292.2M
↑ 7.77%
Net Income
88.6M
↑ 23.14%
Net Profit Margin
30.31%
↑ 3.78%
FY20Y/Y Change
Revenue
367.2M
↑ 25.66%
Net Income
63.3M
↓ 28.52%
Net Profit Margin
17.24%
↓ 13.07%
FY21Y/Y Change
Revenue
352.1M
↓ 4.11%
Net Income
110.1M
↑ 73.87%
Net Profit Margin
31.26%
↑ 14.02%
FY22Y/Y Change
Revenue
431.6M
↑ 22.58%
Net Income
146.6M
↑ 33.18%
Net Profit Margin
33.97%
↑ 2.71%
Q2 FY22Q/Q Change
Revenue
96.8M
↑ 5.13%
Net Income
29.0M
↑ 12.43%
Net Profit Margin
29.91%
↑ 1.94%
Q3 FY22Q/Q Change
Revenue
109.9M
↑ 13.49%
Net Income
38.6M
↑ 33.32%
Net Profit Margin
35.14%
↑ 5.23%
Q4 FY22Q/Q Change
Revenue
132.8M
↑ 20.85%
Net Income
53.3M
↑ 37.97%
Net Profit Margin
40.12%
↑ 4.98%
Q1 FY23Q/Q Change
Revenue
99.6M
↓ 25.0%
Net Income
27.9M
↓ 47.66%
Net Profit Margin
28.0%
↓ 12.12%
Q2 FY23Q/Q Change
Revenue
99.8M
↑ 0.23%
Net Income
27.8M
↓ 0.31%
Net Profit Margin
27.85%
↓ 0.15%
Q3 FY23Q/Q Change
Revenue
100.6M
↑ 0.78%
Net Income
20.7M
↓ 25.65%
Net Profit Margin
20.54%
↓ 7.31%
FY17Y/Y Change
Total Assets
5.4B
↑ 4.82%
Total Liabilities
4.8B
↑ 4.77%
FY18Y/Y Change
Total Assets
7.5B
↑ 38.78%
Total Liabilities
6.5B
↑ 34.54%
FY19Y/Y Change
Total Assets
8.2B
↑ 9.71%
Total Liabilities
616.1M
↓ 90.49%
FY20Y/Y Change
Total Assets
11.4B
↑ 38.83%
Total Liabilities
235.5M
↓ 61.78%
FY21Y/Y Change
Total Assets
11.7B
↑ 2.54%
Total Liabilities
229.1M
↓ 2.69%
FY22Y/Y Change
Total Assets
13.1B
↑ 11.62%
Total Liabilities
11.5B
↑ 4926.79%
Q2 FY22Q/Q Change
Total Assets
12.4B
↑ 2.25%
Total Liabilities
10.9B
↑ 2.55%
Q3 FY22Q/Q Change
Total Assets
12.7B
↑ 1.97%
Total Liabilities
11.1B
↑ 2.07%
Q4 FY22Q/Q Change
Total Assets
13.1B
↑ 3.31%
Total Liabilities
11.5B
↑ 3.37%
Q1 FY23Q/Q Change
Total Assets
13.6B
↑ 3.44%
Total Liabilities
1.5B
↓ 86.61%
Q2 FY23Q/Q Change
Total Assets
13.5B
↓ 0.12%
Total Liabilities
1.3B
↓ 16.51%
Q3 FY23Q/Q Change
Total Assets
13.5B
↓ 0.3%
Total Liabilities
802.2M
↓ 37.69%
FY17Y/Y Change
Operating Cash Flow
80.1M
↑ 144.25%
Investing Cash Flow
-455.2M
↓ 267.55%
Financing Cash Flow
183.3M
↓ 489.41%
FY18Y/Y Change
Operating Cash Flow
92.6M
↑ 15.5%
Investing Cash Flow
48.6M
↓ 110.67%
Financing Cash Flow
-128.4M
↓ 170.03%
FY19Y/Y Change
Operating Cash Flow
100.2M
↑ 8.32%
Investing Cash Flow
-172.1M
↓ 454.5%
Financing Cash Flow
82.8M
↓ 164.47%
FY20Y/Y Change
Operating Cash Flow
132.7M
↑ 32.33%
Investing Cash Flow
-22.2M
↓ 87.12%
Financing Cash Flow
1.1B
↑ 1198.67%
FY21Y/Y Change
Operating Cash Flow
160.0M
↑ 20.59%
Investing Cash Flow
-1.5B
↑ 6566.25%
Financing Cash Flow
224.0M
↓ 79.16%
FY22Y/Y Change
Operating Cash Flow
250.5M
↑ 56.56%
Investing Cash Flow
-1.3B
↓ 10.61%
Financing Cash Flow
1.0B
↑ 352.59%
Q2 FY22Q/Q Change
Operating Cash Flow
68.7M
↑ 19.1%
Investing Cash Flow
-249.1M
↓ 41.34%
Financing Cash Flow
158.3M
↓ 55.2%
Q3 FY22Q/Q Change
Operating Cash Flow
83.7M
↑ 21.92%
Investing Cash Flow
-235.4M
↓ 5.52%
Financing Cash Flow
133.3M
↓ 15.8%
Q4 FY22Q/Q Change
Operating Cash Flow
40.5M
↓ 51.67%
Investing Cash Flow
-411.8M
↑ 74.97%
Financing Cash Flow
368.7M
↑ 176.51%
Q1 FY23Q/Q Change
Operating Cash Flow
24.4M
↓ 39.75%
Investing Cash Flow
-146.6M
↓ 64.39%
Financing Cash Flow
450.5M
↑ 22.21%
Q2 FY23Q/Q Change
Operating Cash Flow
71.9M
↑ 194.94%
Investing Cash Flow
-8.0M
↓ 94.56%
Financing Cash Flow
-102.4M
↓ 122.73%

Technicals Summary

Sell

Neutral

Buy

Oceanfirst Financial Corp is currently in a neutral trading position according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Oceanfirst Financial Corp
Oceanfirst Financial Corp
8.79%
-4.15%
-40.62%
-14.39%
-46.71%
Icici Bank Ltd.
Icici Bank Ltd.
-0.45%
-3.57%
-4.44%
65.57%
118.85%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
18.07%
11.88%
-18.71%
-4.8%
-1.43%
U.s. Bancorp
U.s. Bancorp
19.65%
24.9%
-15.94%
-13.85%
-29.93%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
17.86%
20.98%
28.77%
11.69%
-30.59%
Mizuho Financial Group, Inc.
Mizuho Financial Group, Inc.
-3.12%
13.62%
39.59%
31.54%
3.95%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Oceanfirst Financial Corp
Oceanfirst Financial Corp
6.47
6.47
1.84
1.75
0.08
0.01
0.06
27.55
Icici Bank Ltd.
Icici Bank Ltd.
16.4
16.4
0.0
1.08
0.19
0.02
0.01
331.35
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
8.94
8.94
0.41
13.72
0.13
0.01
0.05
105.98
U.s. Bancorp
U.s. Bancorp
11.1
11.1
0.84
4.31
0.11
0.01
0.05
29.74
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.55
9.55
0.49
0.73
0.18
0.01
0.04
18.73
Mizuho Financial Group, Inc.
Mizuho Financial Group, Inc.
10.12
10.12
2.52
0.88
0.07
0.0
0.04
3778.08
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Oceanfirst Financial Corp
Oceanfirst Financial Corp
Buy
$818.9M
-46.71%
6.47
30.9%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$77.6B
118.85%
16.4
30.56%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$51.3B
-1.43%
8.94
29.76%
U.s. Bancorp
U.s. Bancorp
Buy
$57.9B
-29.93%
11.1
22.39%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$60.9B
-30.59%
9.55
26.26%
Mizuho Financial Group, Inc.
Mizuho Financial Group, Inc.
Buy
$43.6B
3.95%
10.12
22.15%

Institutional Holdings

  • BlackRock Inc

    14.22%
  • Vanguard Group Inc

    5.55%
  • Dimensional Fund Advisors, Inc.

    5.29%
  • JPMorgan Chase & Co

    3.45%
  • GW&K Investment Management, LLC

    2.70%
  • State Street Corporation

    2.66%

Corporate Announcements

  • Oceanfirst Financial Corp Dividends March,2023

    In the quarter ending March,2023. Oceanfirst Financial Corp has declared dividend of $0.2

    Read More

Company Information

when oceanfirst bank opened in 1902, our founders believed in the future of our growing local community. they wanted to help their neighbors realize the dream of owning a home. just as we were there over a century ago, we're still here today, helping families throughout central and southern new jersey with all of their financial needs during every stage of life. children are learning the importance of saving with oceanfirst kidsavesmart accounts. newlyweds are buying a first home to start their families with an oceanfirst mortgage. families can finance the education of the next generation with a home equity line of credit. and people secure their future with oceanfirst accounts that help them to prepare for retirement. with branches conveniently located throughout central and southern new jersey, there's always an oceanfirst banking expert close by, ready to lend a hand and help you realize your dreams, during every stage of your life.

Organization
Oceanfirst Financial Corp
Employees
915
CEO
Mr. Christopher D. Maher
Industry
Finance

FAQs