OceanFirst Piotroski F Score

OCFC
 Stock
  

USD 21.13  0.26  1.22%   

This module uses fundamental data of OceanFirst Financial to approximate its Piotroski F score. OceanFirst Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of OceanFirst Financial Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about OceanFirst Financial financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check OceanFirst Financial Altman Z Score, OceanFirst Financial Correlation, OceanFirst Financial Valuation, as well as analyze OceanFirst Financial Alpha and Beta and OceanFirst Financial Hype Analysis.
  
OceanFirst Financial Long Term Debt is projected to increase significantly based on the last few years of reporting. The past year's Long Term Debt was at 229.14 Million. The current year Issuance Repayment of Debt Securities is expected to grow to about 97.9 M, whereas Total Debt is forecasted to decline to about 674.9 M. OceanFirst Financial Calculated Tax Rate is projected to decrease significantly based on the last few years of reporting. The past year's Calculated Tax Rate was at 22.61. The current year PPandE Turnover is expected to grow to 4.00, whereas Cash Flow Per Share is forecasted to decline to 2.21.
At this time, it appears that OceanFirst Financial's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

OceanFirst Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to OceanFirst Financial is to make sure OceanFirst is not a subject of accounting manipulations and runs a healthy internal audit department. So, if OceanFirst Financial's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if OceanFirst Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares64.1 M59.4 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted64.4 M59.6 M
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations172.6 M160 M
Significantly Up
Increasing
Slightly volatile
Total Assets12.7 B11.7 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities11 B10.2 B
Significantly Up
Increasing
Slightly volatile
Total Debt674.9 M806.9 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets0.860.9494
Moderately Down
Increasing
Very volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.04320.0336
Significantly Up
Decreasing
Slightly volatile

OceanFirst Financial Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between OceanFirst Financial's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards OceanFirst Financial in a much-optimized way.

About OceanFirst Financial Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

23.41

OceanFirst Financial Book Value per Share is projected to increase significantly based on the last few years of reporting. The past year's Book Value per Share was at 26.43

OceanFirst Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of OceanFirst Financial from analyzing OceanFirst Financial's financial statements. These drivers represent accounts that assess OceanFirst Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of OceanFirst Financial's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee62.09 K80.64 K95.86 K62.63 K117.48 K126.75 K
Revenue Per Employee315.64 K349.19 K379.83 K440.71 K416.14 K347.2 K
Average Assets3.99 B5.3 B7.58 B8.13 B9.34 B10.08 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA40.61 M73.67 M98.02 M119.75 M137.71 M148.58 M
Earnings Before Interest Taxes and Depreciation Amortization USD40.61 M73.67 M98.02 M119.75 M137.71 M148.58 M
Earnings before Tax35.2 M65.33 M85.5 M107.36 M123.46 M133.21 M
Average Equity409.87 M592.04 M1.02 B1.14 B1.31 B1.42 B
Enterprise Value849.63 M1.01 B1.58 B1.84 B2.11 B2.28 B
Free Cash Flow26.75 M31.43 M81.06 M95.17 M109.45 M118.09 M
Invested Capital5.1 B5.58 B7.66 B8.44 B9.7 B10.47 B
Invested Capital Average4.12 B5.4 B7.72 B8.25 B9.48 B10.23 B
Market Capitalization776.3 M855.29 M1.09 B1.29 B1.48 B1.6 B
Tangible Asset Value5.01 B5.26 B7.16 B7.86 B9.03 B9.75 B

About OceanFirst Financial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze OceanFirst Financial Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of OceanFirst Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of OceanFirst Financial Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. The company was founded in 1902 and is based in Red Bank, New Jersey. OceanFirst Financial operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 894 people.

OceanFirst Financial Investors Sentiment

The influence of OceanFirst Financial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in OceanFirst. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to OceanFirst Financial's public news can be used to forecast risks associated with investment in OceanFirst. The trend in average sentiment can be used to explain how an investor holding OceanFirst can time the market purely based on public headlines and social activities around OceanFirst Financial Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
OceanFirst Financial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for OceanFirst Financial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average OceanFirst Financial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on OceanFirst Financial.

OceanFirst Financial Implied Volatility

    
  0.0  
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards OceanFirst Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, OceanFirst Financial's short interest history, or implied volatility extrapolated from OceanFirst Financial options trading.

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Please check OceanFirst Financial Altman Z Score, OceanFirst Financial Correlation, OceanFirst Financial Valuation, as well as analyze OceanFirst Financial Alpha and Beta and OceanFirst Financial Hype Analysis. 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
-0.041
Market Capitalization
1.3 B
Quarterly Revenue Growth YOY
0.052
Return On Assets
0.0085
Return On Equity
0.0674
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.