Automate Your Wheel Strategy on OCFC
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- symbol OCFC
- Rev/Share 9.0031
- Book/Share 29.4158
- PB 0.5755
- Debt/Equity 0.6755
- CurrentRatio -155.1145
- ROIC 0.0115
- MktCap 987848820.0
- FreeCF/Share 0.6228
- PFCF 27.3007
- PE 10.5814
- Debt/Assets 0.0867
- DivYield 0.0473
- ROE 0.0548
- Rating B-
- Score 3
- Recommendation Neutral
- P/E Score 3
- DCF Score 1
- P/B Score 4
- D/E Score 2
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Reiterated | OCFC | Hovde Group | -- | Outperform | $23 | $22 | Jan. 27, 2025 |
| Reiterated | OCFC | Hovde Group | -- | Outperform | $19.5 | $21.5 | Sept. 20, 2024 |
News
OceanFirst Financial: 5% Yield, But We Are Not Buyers
OCFC
Published: April 28, 2025 by: Seeking Alpha
Sentiment: Positive
Published: April 28, 2025 by: Seeking Alpha
Sentiment: Positive
OceanFirst Financial Corp. offers a 5% dividend yield, but concerns about its loan portfolio and asset quality justify a hold/neutral rating. Q1 results were mixed: revenue slightly beat expectations, but net income and EPS declined year-over-year and sequentially. Asset quality metrics are mixed with increased delinquent loans and higher provisions for credit losses, signaling potential risks.
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About OceanFirst Financial Corp. (OCFC)
- IPO Date 1996-07-03
- Website https://www.oceanfirst.com
- Industry Banks - Regional
- CEO Mr. Christopher D. Maher
- Employees 975
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.