Oceanfirst Financial Corp (OCFC)

$16.08

+0.07

(+0.44%)▲

Market is closed - opens 7 PM, 20 May 2024

Insights on Oceanfirst Financial Corp

  • Increasing Revenue

    Revenue is up for the last 5 quarters, 99.59M → 173.87M (in $), with an average increase of 10.9% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 3 quarters, 20.66M → 28.66M (in $), with an average increase of 14.4% per quarter

  • Vs NU

    In the last 1 year, Nu Holdings Ltd. has given 82.5% return, outperforming this stock by 71.9%

Performance

  • $16.00
    $16.30
    $16.08
    downward going graph

    0.5%

    Downside

    Day's Volatility :1.84%

    Upside

    1.35%

    downward going graph
  • $11.22
    $17.91
    $16.08
    downward going graph

    30.22%

    Downside

    52 Weeks Volatility :37.35%

    Upside

    10.22%

    downward going graph

Returns

PeriodOceanfirst Financial CorpSector (Financials)Index (Russel 2000)
3 Months
3.81%
7.2%
0.0%
6 Months
13.72%
21.4%
0.0%
1 Year
10.59%
29.8%
0.0%
3 Years
-28.09%
13.5%
-20.0%

Highlights

Market Capitalization
940.0M
Book Value
$28.31
Dividend Share
0.8
Dividend Yield
5.0%
Earnings Per Share (EPS)
1.71
PE Ratio
9.36
PEG Ratio
1.84
Wall Street Target Price
18.86
Profit Margin
27.17%
Operating Margin TTM
44.15%
Return On Assets TTM
0.78%
Return On Equity TTM
6.4%
Revenue TTM
385.7M
Revenue Per Share TTM
6.54
Quarterly Revenue Growth YOY
0.1%
Gross Profit TTM
428.8M
Diluted Eps TTM
1.71
Quarterly Earnings Growth YOY
0.03
EPS Estimate Current Year
1.73
EPS Estimate Next Year
1.93
EPS Estimate Current Quarter
0.41
EPS Estimate Next Quarter
0.42

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 17.29%

Current $16.08
Target $18.86

Company Financials

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%
FY23Y/Y Change
Revenue
639.9M
↑ 48.26%
Net Income
104.0M
↓ 29.04%
Net Profit Margin
16.26%
↓ 17.71%
Q4 FY22Q/Q Change
Revenue
132.8M
↑ 20.85%
Net Income
53.3M
↑ 41.65%
Net Profit Margin
40.12%
↑ 5.9%
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%
Q4 FY23Q/Q Change
Revenue
172.3M
↑ 71.23%
Net Income
27.7M
↑ 33.94%
Net Profit Margin
16.07%
↓ 4.47%
Q1 FY24Q/Q Change
Revenue
173.9M
↑ 0.93%
Net Income
28.7M
↑ 3.56%
Net Profit Margin
16.49%
↑ 0.42%
FY18Y/Y Change
Total Assets
7.5B
↑ 38.78%
Total Liabilities
6.5B
↑ 1776.19%
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%
FY23Y/Y Change
Total Assets
13.5B
↑ 3.31%
Total Liabilities
11.9B
↑ 3.11%
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%
Q4 FY23Q/Q Change
Total Assets
13.5B
↑ 0.3%
Total Liabilities
11.9B
↑ 1380.4%
Q1 FY24Q/Q Change
Total Assets
13.4B
↓ 0.88%
Total Liabilities
11.8B
↓ 1.04%
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%
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 favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Oceanfirst Financial Corp
Oceanfirst Financial Corp
10.21%
13.72%
10.59%
-28.09%
-35.24%
Nu Holdings Ltd.
Nu Holdings Ltd.
9.38%
43.07%
82.47%
12.88%
12.88%
Icici Bank Ltd.
Icici Bank Ltd.
7.0%
22.29%
17.95%
58.38%
133.76%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
8.43%
23.02%
33.46%
-17.31%
22.09%
U.s. Bancorp
U.s. Bancorp
5.05%
10.1%
35.88%
-31.91%
-19.9%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
8.29%
3.16%
20.26%
19.6%
-17.24%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Oceanfirst Financial Corp
Oceanfirst Financial Corp
9.36
9.36
1.84
1.73
0.06
0.01
0.05
28.31
Nu Holdings Ltd.
Nu Holdings Ltd.
45.04
45.04
NA
0.41
0.21
0.03
NA
1.42
Icici Bank Ltd.
Icici Bank Ltd.
18.31
18.31
0.0
1.36
0.19
0.02
0.01
364.7
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
13.51
13.51
3.46
12.64
0.11
0.01
0.04
113.3
U.s. Bancorp
U.s. Bancorp
13.84
13.84
1.14
3.84
0.09
0.01
0.05
31.25
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.95
9.95
0.86
0.82
0.19
0.01
0.01
18.93
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Oceanfirst Financial Corp
Oceanfirst Financial Corp
Buy
$940.0M
-35.24%
9.36
27.17%
Nu Holdings Ltd.
Nu Holdings Ltd.
Buy
$56.0B
12.88%
45.04
29.67%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$95.3B
133.76%
18.31
27.97%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$64.0B
22.09%
13.51
25.68%
U.s. Bancorp
U.s. Bancorp
Buy
$65.0B
-19.9%
13.84
20.08%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$63.4B
-17.24%
9.95
27.36%

Institutional Holdings

  • BlackRock Inc

    14.49%

  • Vanguard Group Inc

    5.74%

  • Dimensional Fund Advisors, Inc.

    5.37%

  • Goldman Sachs Group Inc

    3.56%

  • State Street Corporation

    3.15%

  • GW&K Investment Management, LLC

    2.71%

Corporate Announcements

  • Oceanfirst Financial Corp Dividends March,2024

    In the quarter ending March,2024. 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
878
CEO
Mr. Christopher D. Maher
Industry
Finance

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