OCFC Oceanfirst Financial Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: OCFC

Price (delayed)

$15.47

Market cap

$912.01M

P/E Ratio

9.1

Dividend/share

$0.8

EPS

$1.7

Enterprise value

$1.9B

OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $10.2 billion regional bank operating throughout New Jersey, metropolitan Philadelphia and metropolitan New York City. OceanFirst Bank delivers ...

Highlights
Oceanfirst Financial's equity has increased by 4.8% YoY
OCFC's debt is up by 25% since the previous quarter but it is down by 24% year-on-year
The P/E is 23% lower than the 5-year quarterly average of 11.8 but 18% higher than the last 4 quarters average of 7.7
The EPS has contracted by 30% YoY and by 20% from the previous quarter
OCFC's net income is down by 29% YoY and by 20% QoQ
Sector: Financial Services
Industry: Banks - Regional
Website: http://oceanfirst.com
Peers: KRNY PFS NFBK THRD

Key stats

What are the main financial stats of OCFC
Market
Shares outstanding
58.95M
Market cap
$912.01M
Enterprise value
$1.9B
Valuations
Price to earnings (P/E)
9.1
Price to book (P/B)
0.55
Price to sales (P/S)
2.36
EV/EBIT
13.89
EV/EBITDA
12.41
EV/Sales
4.92
Earnings
Revenue
$385.68M
EBIT
$136.73M
EBITDA
$153.04M
Free cash flow
$116.55M
Per share
EPS
$1.7
Free cash flow per share
$1.98
Book value per share
$27.95
Revenue per share
$6.54
TBVPS
$220.92
Balance sheet
Total assets
$13.54B
Total liabilities
$11.88B
Debt
$1.14B
Equity
$1.66B
Working capital
N/A
Liquidity
Debt to equity
0.69
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
6.45
Margins
EBITDA margin
39.7%
Gross margin
100%
Net margin
27%
Operating margin
35.5%
Efficiency
Return on assets
0.7%
Return on equity
6.1%
Return on invested capital
1%
Return on capital employed
N/A
Return on sales
35.5%
Dividend
Dividend yield
5.17%
DPS
$0.8
Payout ratio
47.1%

OCFC stock price

How has the Oceanfirst Financial stock price performed over time
Intraday
0.19%
1 week
6.91%
1 month
-1.84%
1 year
-4.86%
YTD
-10.89%
QTD
-5.73%

Financial performance

How have Oceanfirst Financial's revenue and profit performed over time
Revenue
$385.68M
Gross profit
$385.68M
Operating income
$136.77M
Net income
$104.03M
Gross margin
100%
Net margin
27%
OCFC's operating income is down by 29% year-on-year and by 20% since the previous quarter
OCFC's net income is down by 29% YoY and by 20% QoQ
OCFC's net margin is down by 21% year-on-year and by 13% since the previous quarter
The operating margin has declined by 21% year-on-year and by 13% since the previous quarter

Growth

What is Oceanfirst Financial's growth rate over time

Valuation

What is Oceanfirst Financial stock price valuation
OCFC P/E details
P/E
9.1
P/B
0.55
P/S
2.36
EV/EBIT
13.89
EV/EBITDA
12.41
EV/Sales
4.92
The EPS has contracted by 30% YoY and by 20% from the previous quarter
The P/E is 23% lower than the 5-year quarterly average of 11.8 but 18% higher than the last 4 quarters average of 7.7
The stock's price to book (P/B) is 31% less than its 5-year quarterly average of 0.8 and 8% less than its last 4 quarters average of 0.6
Oceanfirst Financial's equity has increased by 4.8% YoY
The stock's price to sales (P/S) is 26% less than its 5-year quarterly average of 3.2 but 2.6% more than its last 4 quarters average of 2.3
OCFC's revenue is down by 10% YoY and by 8% from the previous quarter

Efficiency

How efficient is Oceanfirst Financial business performance
OCFC's return on assets is down by 36% year-on-year and by 22% since the previous quarter
OCFC's return on equity is down by 34% year-on-year and by 22% since the previous quarter
OCFC's ROIC is down by 33% YoY and by 17% QoQ
The ROS has contracted by 21% YoY and by 13% from the previous quarter

Dividends

What is OCFC's dividend history
Dividend details
DPS
$0.8
Dividend yield
5.17%
Payout ratio
47.1%
Recent dividends

Financial health

How did Oceanfirst Financial financials performed over time
The total assets is 14% more than the total liabilities
The total assets has grown by 3.3% YoY
The total liabilities is up by 3.1% year-on-year
OCFC's debt is 31% smaller than its equity
Oceanfirst Financial's debt to equity has decreased by 27% YoY but it has increased by 23% from the previous quarter
OCFC's debt is up by 25% since the previous quarter but it is down by 24% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.