Stock OCFC OCEANFIRST FINANCIAL CORP.
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Financials OceanFirst Financial Corp.

Equities

OCFC

US6752341080

Banks

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
15.37 USD +0.92% Intraday chart for OceanFirst Financial Corp. +1.25% -11.46%
Apr. 22 Keefe, Bruyette & Woods Adjusts Price Target on OceanFirst Financial to $19 From $22, Maintains Outperform Rating MT
Apr. 19 Transcript : OceanFirst Financial Corp., Q1 2024 Earnings Call, Apr 19, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,273 1,116 1,319 1,257 1,032 903.9 -
Enterprise Value (EV) 1 1,273 1,116 1,319 1,257 1,032 903.9 903.9
P/E ratio 14.6 x 18.3 x 12.5 x 8.78 x 10.2 x 8.73 x 7.97 x
Yield 2.66% 3.65% 3.06% 3.48% 4.61% 5.26% 5.34%
Capitalization / Revenue 4.27 x 2.89 x 3.77 x 2.94 x 2.53 x 2.34 x 2.19 x
EV / Revenue 4.27 x 2.89 x 3.77 x 2.94 x 2.53 x 2.34 x 2.19 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.12 x 0.76 x 0.87 x 0.79 x 0.62 x 0.54 x 0.51 x
Nbr of stocks (in thousands) 49,835 59,918 59,424 59,142 59,421 58,812 -
Reference price 2 25.54 18.63 22.20 21.25 17.36 15.37 15.37
Announcement Date 1/27/20 1/28/21 1/27/22 1/19/23 1/18/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 298.1 386.9 350.1 426.9 407.1 385.9 413.3
EBITDA - - - - - - -
EBIT 1 150.1 140.4 128.7 196.7 162.2 146.6 163.4
Operating Margin 50.35% 36.3% 36.76% 46.08% 39.83% 37.98% 39.54%
Earnings before Tax (EBT) 1 107.4 81.04 142.2 193.9 136.8 142.5 149.7
Net income 1 88.57 61.21 106.1 142.6 100 102.1 109.9
Net margin 29.71% 15.82% 30.29% 33.4% 24.57% 26.46% 26.58%
EPS 2 1.750 1.020 1.780 2.420 1.700 1.760 1.929
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.6800 0.6800 0.6800 0.7400 0.8000 0.8086 0.8200
Announcement Date 1/27/20 1/28/21 1/27/22 1/19/23 1/18/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 87.48 91.25 95.86 106.4 107.8 116.9 108.4 101.6 100.3 97.51 96.59 95.38 96.65 98.06 98.23
EBITDA - - - - - - - - - - - - - - -
EBIT 1 30.16 27.76 39.58 48.93 49.93 58.28 48.09 39.66 27.5 38.3 36.58 36.04 36.88 38.05 37.69
Operating Margin 34.48% 30.42% 41.29% 45.98% 46.33% 49.88% 44.38% 39.04% 27.42% 39.27% 37.87% 37.79% 38.17% 38.8% 38.37%
Earnings before Tax (EBT) 1 31.52 26.74 33.73 38.42 51.1 70.66 36.55 36.88 26.99 36.34 39.25 34.43 33.25 34.07 33.53
Net income 1 23.16 21.65 24.76 27.96 37.61 52.27 26.88 26.79 19.66 26.68 27.66 25.21 24.28 24.91 24.46
Net margin 26.48% 23.73% 25.82% 26.27% 34.9% 44.73% 24.8% 26.37% 19.6% 27.36% 28.64% 26.44% 25.12% 25.4% 24.9%
EPS 2 0.3900 0.3700 0.4200 0.4700 0.6400 0.8900 0.4600 0.4500 0.3300 0.4600 0.4700 0.4314 0.4229 0.4357 0.4286
Dividend per Share 2 0.1700 0.1700 0.1700 0.1700 0.2000 0.2000 0.2000 0.2000 0.2000 0.2000 0.2000 0.2000 0.2043 0.2043 0.2043
Announcement Date 10/28/21 1/27/22 4/28/22 7/28/22 10/24/22 1/19/23 4/20/23 7/20/23 10/19/23 1/18/24 4/18/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 7.84% 4.35% 7.02% 9.24% 6.13% 6.23% 6.7%
ROA (Net income/ Total Assets) 1.1% 0.56% 0.91% 1.15% 0.74% 0.75% 0.8%
Assets 1 8,052 10,931 11,655 12,399 13,515 13,565 13,808
Book Value Per Share 2 22.90 24.60 25.60 26.80 28.00 28.70 30.00
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 1/27/20 1/28/21 1/27/22 1/19/23 1/18/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for OceanFirst Financial Corp.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
15.37 USD
Average target price
18.86 USD
Spread / Average Target
+22.69%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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  4. Financials OceanFirst Financial Corp.