OceanFirst Stock Buy Hold or Sell Recommendation

OCFC
 Stock
  

USD 19.52  0.39  2.04%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding OceanFirst Financial Corp is 'Strong Buy'. Macroaxis provides OceanFirst Financial buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OCFC positions. The advice algorithm takes into account all of OceanFirst Financial's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from OceanFirst Financial's buy-and-hold perspective. Please check OceanFirst Financial Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as OceanFirst and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards OceanFirst Financial Corp.

Execute OceanFirst Financial Buy or Sell Advice

The OceanFirst recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on OceanFirst Financial Corp. Macroaxis does not own or have any residual interests in OceanFirst Financial Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute OceanFirst Financial's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell OceanFirst FinancialBuy OceanFirst Financial
Strong Buy

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon OceanFirst Financial Corp has a Risk Adjusted Performance of (0.08), Jensen Alpha of 0.0243, Total Risk Alpha of 0.1017 and Treynor Ratio of (0.15)
Our trade recommendations tool can cross-verify current analyst consensus on OceanFirst Financial Corp and to analyze the firm potential to grow in the current economic cycle. To make sure OceanFirst Financial is not overpriced, please check all OceanFirst Financial Corp fundamentals, including its shares owned by insiders, revenue, total debt, as well as the relationship between the price to earning and net income . Given that OceanFirst Financial Corp has a number of shares shorted of 953.98 K, we recommend you to check out OceanFirst Financial Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

OceanFirst Financial Trading Alerts and Improvement Suggestions

OceanFirst Financial has a poor financial position based on the latest SEC disclosures
About 71.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Purchase by Barrett Patrick Sean of 10500 shares of OceanFirst Financial

OceanFirst Financial current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. OceanFirst analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. OceanFirst analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price27.00
Target Median Price26.50
Target High Price31.00
Recommendation Mean1.90
Number Of Analyst Opinions8
Target Low Price24.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

OceanFirst Financial Returns Distribution Density

The distribution of OceanFirst Financial's historical returns is an attempt to chart the future uncertainty of OceanFirst Financial's future price movements. The chart of the probability distribution of OceanFirst Financial stock daily returns describes the distribution of returns around its average expected value. We use OceanFirst Financial Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of OceanFirst Financial returns is essential to provide solid investment advice for OceanFirst Financial stock.
Mean Return-0.09Value At Risk-2.4
Potential Upside2.08Standard Deviation1.46
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of OceanFirst Financial historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

OceanFirst Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as OceanFirst Financial is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading OceanFirst Financial Corp backward and forwards among themselves. OceanFirst Financial's institutional investor refers to the entity that pools money to purchase OceanFirst Financial's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon Shares5.1 M102.5 M
Vanguard Group IncCommon SharesM60.8 M
Dimensional Fund Advisors LpCommon Shares2.9 M58.3 M
Goldman Sachs Group IncCommon Shares1.8 M36.8 M
Gwk Investment Management LlcCommon Shares1.8 M35.8 M
Endeavour Capital Advisors IncCommon Shares1.8 M35.2 M
State Street CorpCommon Shares1.7 M35 M
Note, although OceanFirst Financial's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

OceanFirst Financial Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(6.67 M)(48.7 M)(11.49 M)(5.08 M)(4.57 M)(4.93 M)
Depreciation Amortization and Accretion5.41 M8.34 M12.52 M12.39 M14.25 M15.37 M
Net Cash Flow or Change in Cash and Cash Equivalents257.43 M(191.76 M)12.71 M10.9 M9.81 M9.8 M
Issuance Purchase of Equity Shares2.11 M3.35 M(13.91 M)(24.73 M)(22.26 M)(22.84 M)
Issuance Repayment of Debt Securities(167.94 M)44.94 M61.41 M78.92 M90.75 M97.92 M
Payment of Dividends and Other Cash Distributions(12.62 M)(19.29 M)(29.56 M)(34.24 M)(30.82 M)(31.63 M)
Net Cash Flow from Financing183.33 M(128.39 M)82.77 M1.07 B223.99 M178.3 M
Net Cash Flow from Investing(455.22 M)48.55 M(172.12 M)(22.17 M)(1.48 B)(1.52 B)
Net Cash Flow Investment Acquisitions and Disposals257.59 M(407.15 M)51.02 M(182.72 M)(164.44 M)(168.77 M)
Net Cash Flow from Operations80.13 M92.55 M100.25 M132.66 M159.97 M172.6 M
Share Based Compensation1.57 M358 K2.32 M3.5 M4.03 M4.35 M

OceanFirst Financial Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to OceanFirst Financial or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that OceanFirst Financial stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a OceanFirst stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.024253
β
Beta against DOW0.62
σ
Overall volatility
1.41
Ir
Information ratio 0.07

OceanFirst Financial Volatility Alert

OceanFirst Financial Corp exhibits very low volatility with skewness of 0.04 and kurtosis of -0.15. However, we advise investors to further study OceanFirst Financial Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure OceanFirst Financial's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact OceanFirst Financial's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

OceanFirst Financial Implied Volatility

OceanFirst Financial's implied volatility exposes the market's sentiment of OceanFirst Financial Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if OceanFirst Financial's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that OceanFirst Financial stock will not fluctuate a lot when OceanFirst Financial's options are near their expiration.

OceanFirst Financial Fundamentals Vs Peers

Comparing OceanFirst Financial's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze OceanFirst Financial's direct or indirect competition across all of the common fundamentals between OceanFirst Financial and the related equities. This way, we can detect undervalued stocks with similar characteristics as OceanFirst Financial or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of OceanFirst Financial's fundamental indicators could also be used in its relative valuation, which is a method of valuing OceanFirst Financial by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare OceanFirst Financial to competition
FundamentalsOceanFirst FinancialPeer Average
Return On Equity6.84 %(0.31) %
Return On Asset0.87 %(0.14) %
Profit Margin28.24 %(1.27) %
Operating Margin43.49 %(5.51) %
Current Valuation1.29 B16.62 B
Shares Outstanding59.42 M571.82 M
Shares Owned by Insiders2.82 %10.09 %
Shares Owned by Institutions71.33 %39.21 %
Number of Shares Shorted953.98 K4.71 M
Price to Earning10.06 X28.72 X
Price to Book0.77 X9.51 X
Price to Sales3.18 X11.42 X
Revenue365.27 M9.43 B
Gross Profit369.1 M27.38 B
EBITDA28.26 M3.9 B
Net Income99.12 M570.98 M
Cash and Equivalents210.92 M2.7 B
Cash per Share3.55 X5.01 X
Total Debt387.18 M5.32 B
Debt to Equity9.88 %48.70 %
Book Value Per Share25.47 X1.93 K
Cash Flow from Operations124.17 M971.22 M
Short Ratio4.01 X4.00 X
Earnings Per Share1.94 X3.12 X
Price to Earnings To Growth0.84 X4.89 X
Number of Employees89418.84 K
Beta0.86-0.15
Market Capitalization1.16 B19.03 B
Total Asset2.59 B29.47 B
Retained Earnings322.9 M9.33 B
Z Score1.28.72
Five Year Return2.96 %
Last Dividend Paid0.68
   Purchase by Barrett Patrick Sean of 10500 shares of OceanFirst Financial [view details]

OceanFirst Financial Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as OceanFirst . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution6936.48
Daily Balance Of Power0.78
Rate Of Daily Change1.02
Day Median Price19.27
Day Typical Price19.35
Market Facilitation Index0.0
Price Action Indicator0.45

About OceanFirst Financial Buy or Sell Advice

When is the right time to buy or sell OceanFirst Financial Corp? Buying financial instruments such as OceanFirst Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although OceanFirst Financial investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Cash and Equivalents120.54 M1.27 B204.95 M192.6 M
Total Assets8.25 B11.45 B11.74 B12.67 B

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Please check OceanFirst Financial Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the OceanFirst Financial Corp information on this page should be used as a complementary analysis to other OceanFirst Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is OceanFirst Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OceanFirst Financial. If investors know OceanFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OceanFirst Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.21
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
-0.04
Return On Assets
0.0087
Return On Equity
0.0684
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine OceanFirst Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.