OceanFirst Financial Financials

OCFC Stock  USD 20.68  0.16  0.77%   
OceanFirst Financial Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, OceanFirst Financial's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 1.7 B, whereas Cash is forecasted to decline to about 115.9 M. Key indicators impacting OceanFirst Financial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.370.2697
Significantly Up
Slightly volatile
Return On Assets0.00650.0077
Fairly Down
Very volatile
Return On Equity0.09420.0626
Way Up
Pretty Stable
Debt Equity Ratio0.640.675
Notably Down
Slightly volatile
Current Ratio0.02760.029
Notably Down
Slightly volatile
The essential information of the day-to-day investment outlook for OceanFirst Financial includes many different criteria found on its balance sheet. An individual investor should monitor OceanFirst Financial's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in OceanFirst Financial.

Net Income

109.23 Million

  
Please note, the presentation of OceanFirst Financial's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, OceanFirst Financial's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of OceanFirst Financial's management manipulating its earnings.

OceanFirst Financial Stock Summary

OceanFirst Financial competes with Flushing Financial, Dime Community, Peapack Gladstone, and Heritage Financial. 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.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS6752341080
CUSIP675234108 674904107
LocationNew Jersey; U.S.A
Business Address110 West Front
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.oceanfirst.com
Phone732 240 4500
CurrencyUSD - US Dollar

OceanFirst Financial Key Financial Ratios

OceanFirst Financial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets8.2B11.4B11.7B13.1B13.5B14.2B
Net Debt495.5M(1.0B)24.2M1.2B820.7M861.8M
Retained Earnings358.7M378.3M442.3M540.5M592.5M622.2M
Cash120.5M1.3B204.9M167.9M153.7M115.9M
Other Assets6.5B8.1B8.5B10.0B51.9M49.3M
Net Receivables21.7M35.3M32.6M44.7M51.9M54.5M
Total Liab616.1M235.5M229.1M11.5B11.9B12.5B
Total Current Assets293.2M1.5B805.8M670.3M153.7M146.0M
Other Current Liab2.5B3.9B3.7B2.8B(322.3M)(306.2M)
Short Term Debt435.2M134.5M123.5M1.3B322.3M216.2M
Common Stock519K609K611K612K613K393.2K
Other Liab46.8M172.6M142.3M234.0M269.1M282.6M
Accounts Payable6.3B9.4B9.7B9.7B11.1B11.7B
Long Term Debt96.8M235.5M229.1M1.4B972.8M1.0B
Inventory(146.3M)(1.3B)(243.9M)(215.4M)(205.6M)(195.3M)
Treasury Stock(10.8M)(36.9M)(25.7M)(61.7M)(71.0M)(74.5M)
Intangible Assets15.6M23.7M18.2M13.5M9.5M10.2M
Other Current Assets146.3M1.3B243.9M215.4M205.6M195.3M
Net Tangible Assets762.9M960.1M998.0M1.1B1.2B622.0M
Good Will338.4M374.6M500.3M506.1M582.1M611.2M
Long Term Debt Total96.8M235.5M229.1M195.4M224.7M235.9M
Capital Surpluse840.7M1.1B1.1B1.2B1.3B681.7M

OceanFirst Financial Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense52.8M66.7M36.8M53.7M238.2M250.2M
Total Revenue292.2M367.2M352.1M431.6M385.7M405.0M
Gross Profit252.3M322.1M310.7M388.2M640.9M672.9M
Operating Income107.4M81.0M142.2M246.9M136.9M69.8M
Ebit99.2M81.1M142.3M194.0M(35.0M)(33.2M)
Ebitda111.4M95.8M157.1M210.4M(19.3M)(18.3M)
Income Before Tax107.4M81.0M142.2M193.9M136.8M143.6M
Net Income88.6M63.3M110.1M146.6M104.0M109.2M
Income Tax Expense18.8M17.7M32.2M46.6M32.7M34.3M
Cost Of Revenue39.8M45.1M41.4M43.4M(255.2M)(242.4M)
Non Recurring10.5M15.9M1.5M2.7M3.1M3.0M
Tax Provision18.8M17.7M32.2M46.6M41.5M26.4M
Net Interest Income256.0M313.0M305.3M377.5M388.4M274.6M
Interest Income308.8M379.6M342.1M431.2M577.8M333.0M

OceanFirst Financial Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash10.9M1.2B(1.1B)(56.8M)(14.3M)(13.6M)
Free Cash Flow95.2M117.9M117.9M229.6M116.6M122.4M
Depreciation12.4M14.7M14.9M16.5M15.7M8.0M
Other Non Cash Items(508K)(21.8M)30.2M(4.1M)16.1M16.9M
Capital Expenditures5.1M14.7M42.0M20.9M7.7M8.3M
Net Income88.6M63.3M110.1M147.4M104.0M109.2M
End Period Cash Flow133.2M1.3B224.8M168.0M153.7M118.9M
Dividends Paid34.2M42.9M44.5M47.5M51.3M53.8M
Investments(191.2M)(213.2M)(584.7M)(122.4M)(557.7M)(529.8M)
Net Borrowings79.1M(427.1M)(17.3M)1.1B1.3B1.4B
Change To Netincome11.7M69.3M39.3M103.1M118.6M124.5M

OceanFirst Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining OceanFirst Financial's current stock value. Our valuation model uses many indicators to compare OceanFirst Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across OceanFirst Financial competition to find correlations between indicators driving OceanFirst Financial's intrinsic value. More Info.
OceanFirst Financial Corp is regarded second in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers reporting about  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for OceanFirst Financial Corp is roughly  8.05 . At present, OceanFirst Financial's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the OceanFirst Financial's earnings, one of the primary drivers of an investment's value.

OceanFirst Financial Corp Systematic Risk

OceanFirst Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. OceanFirst Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on OceanFirst Financial Corp correlated with the market. If Beta is less than 0 OceanFirst Financial generally moves in the opposite direction as compared to the market. If OceanFirst Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one OceanFirst Financial Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of OceanFirst Financial is generally in the same direction as the market. If Beta > 1 OceanFirst Financial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in OceanFirst Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various OceanFirst Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of OceanFirst Financial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.31)

At present, OceanFirst Financial's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

OceanFirst Financial December 2, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of OceanFirst Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of OceanFirst Financial Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of OceanFirst Financial Corp based on widely used predictive technical indicators. In general, we focus on analyzing OceanFirst Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build OceanFirst Financial's daily price indicators and compare them against related drivers.

Complementary Tools for OceanFirst Stock analysis

When running OceanFirst Financial's 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 the 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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