OceanFirst Stock Today

OCFC
 Stock
  

USD 19.13  0.06  0.31%   

Market Performance
0 of 100
Odds Of Distress
Less than 42
OceanFirst Financial is trading at 19.13 as of the 29th of June 2022, a 0.31 percent up since the beginning of the trading day. The stock's open price was 19.07. OceanFirst Financial has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for OceanFirst Financial Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2020 and ending today, the 29th of June 2022. Click here to learn more.
CUSIP
674904107
Fiscal Year End
December
Business Domain
Banks
IPO Date
3rd of July 1996
Category
Financial Services
Classification
Financials
ISIN
US6752341080
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. The company has 59.42 M outstanding shares of which 953.98 K shares are now shorted by private and institutional investors with about 4.01 trading days to cover. More on OceanFirst Financial Corp

Moving together with OceanFirst Financial

0.67JPMJP Morgan Chase Financial Report 12th of July 2022 PairCorr
Follow Valuation Options Odds of Bankruptcy
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OceanFirst Financial Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. OceanFirst Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding OceanFirst Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
OceanFirst Financial generated a negative expected return over the last 90 days
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
CEOChristopher Maher
Average Analyst Recommendation
Analysts covering OceanFirst Financial report their recommendations after researching OceanFirst Financial's financial statements, talking to executives and customers, or listening in on OceanFirst Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering OceanFirst Financial Corp. The OceanFirst consensus assessment is calculated by taking the average forecast from all of the analysts covering OceanFirst Financial.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of OceanFirst Financial Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of OceanFirst Financial Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 4 - PoorDetails
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
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of OceanFirst Financial's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
OceanFirst Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to OceanFirst Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand OceanFirst Financial's financial leverage. It provides some insight into what part of OceanFirst Financial's total assets is financed by creditors.
Share Download
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By using current balance sheet information, investors can analyze the liability, assets, and equity on OceanFirst Financial's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how OceanFirst Financial deploys its capital and how much of that capital is borrowed.
Liquidity
OceanFirst Financial cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 387.18 M in liabilities with Debt to Equity (D/E) ratio of 9.88, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist OceanFirst Financial until it has trouble settling it off, either with new capital or with free cash flow. So, OceanFirst Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like OceanFirst Financial Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for OceanFirst to invest in growth at high rates of return. When we think about OceanFirst Financial's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

172.6 MillionShare
OceanFirst Financial Corp (OCFC) is traded on NASDAQ Exchange in USA and employs 894 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 1.12 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate OceanFirst Financial's market, we take the total number of its shares issued and multiply it by OceanFirst Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. OceanFirst Financial Corp conducts business under Financial Services sector and is part of Banks—Regional industry. The entity has 59.42 M outstanding shares of which 953.98 K shares are now shorted by private and institutional investors with about 4.01 trading days to cover. OceanFirst Financial Corp currently holds about 210.92 M in cash with 124.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.55.
Check OceanFirst Financial Probability Of Bankruptcy
Ownership
OceanFirst Financial Corp has a total of 59.42 Million outstanding shares. The majority of OceanFirst Financial Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in OceanFirst Financial Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in OceanFirst Financial. Please pay attention to any change in the institutional holdings of OceanFirst Financial Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check OceanFirst Ownership Details

OceanFirst Stock Price Odds Analysis

What are OceanFirst Financial's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of OceanFirst Financial jumping above the current price in 90 days from now is about 56.41%. The OceanFirst Financial Corp probability density function shows the probability of OceanFirst Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days OceanFirst Financial has a beta of 0.6122. This indicates as returns on the market go up, OceanFirst Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding OceanFirst Financial Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. OceanFirst Financial Corp is significantly underperforming DOW.
  Odds Below 19.13HorizonTargetOdds Above 19.13
43.25%90 days
 19.13 
56.41%
Based on a normal probability distribution, the odds of OceanFirst Financial to move above the current price in 90 days from now is about 56.41 (This OceanFirst Financial Corp probability density function shows the probability of OceanFirst Stock to fall within a particular range of prices over 90 days) .

OceanFirst Financial Historical Income Statement

OceanFirst Financial Corp Income Statement is one of the three primary financial statements used for reporting OceanFirst's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of OceanFirst Financial Corp revenue and expense. OceanFirst Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
OceanFirst Financial Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 101.86 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 133.2 M, whereas Income Tax Expense is forecasted to decline to about 18.9 M. View More Fundamentals

OceanFirst Stock Against Markets

Picking the right benchmark for OceanFirst Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in OceanFirst Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for OceanFirst Financial is critical whether you are bullish or bearish towards OceanFirst Financial Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in OceanFirst Financial without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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OceanFirst Financial Corporate Directors

OceanFirst Financial corporate directors refer to members of an OceanFirst Financial board of directors. The board of directors generally takes responsibility for the OceanFirst Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of OceanFirst Financial's board members must vote for the resolution. The OceanFirst Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Walsh - Lead Independent DirectorProfile
Mark Solow - Independent DirectorProfile
Donald McLaughlin - Independent DirectorProfile
Joseph Burke - Independent DirectorProfile

Investing OceanFirst Financial Corp

You need to understand the risk of investing before taking a position in OceanFirst Financial. The danger of trading OceanFirst Financial Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of OceanFirst Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than OceanFirst Financial. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile OceanFirst Financial Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running OceanFirst Financial Corp price analysis, check to measure OceanFirst Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OceanFirst Financial is operating at the current time. Most of OceanFirst Financial's value examination focuses on studying past and present price action to predict the probability of OceanFirst Financial's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OceanFirst Financial's price. Additionally, you may evaluate how the addition of OceanFirst Financial to your portfolios can decrease your overall portfolio volatility.
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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
1.1 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.