OceanFirst Financial Corp. (OCFC)’s financial ratios: A comprehensive overview

After finishing at $15.39 in the prior trading day, OceanFirst Financial Corp. (NASDAQ: OCFC) closed at $15.26, down -0.84%. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 516910 shares were traded.

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Our goal is to gain a better understanding of OCFC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.63.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 07 when Barros John F bought 462 shares for $15.38 per share. The transaction valued at 7,106 led to the insider holds 462 shares of the business.

Garrett Robert C bought 70 shares of OCFC for $1,053 on Dec 05. The Director now owns 70 shares after completing the transaction at $15.04 per share. On Oct 26, another insider, GIORDANO ANTHONY III, who serves as the Chief of Banking Ops, OFB of the company, bought 2,345 shares for $12.75 each. As a result, the insider paid 29,895 and bolstered with 22,459 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCFC now has a Market Capitalization of 907.77M. As of this moment, OceanFirst’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.01, and their Forward P/E ratio for the next fiscal year is 7.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 0.55.

Stock Price History:

Over the past 52 weeks, OCFC has reached a high of $24.93, while it has fallen to a 52-week low of $12.01. The 50-Day Moving Average of the stock is 16.63, while the 200-Day Moving Average is calculated to be 15.73.

Shares Statistics:

The stock has traded on average 287.81K shares per day over the past 3-months and 359.13k shares per day over the last 10 days, according to various share statistics. A total of 59.45M shares are outstanding, with a floating share count of 57.69M. Insiders hold about 2.96% of the company’s shares, while institutions hold 70.30% stake in the company. Shares short for OCFC as of Jan 11, 2024 were 553.25k with a Short Ratio of 0.55M, compared to 572.38k on Dec 14, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.93% and a Short% of Float of 1.10%.

Dividends & Splits

In the trailing 12 months, OCFC’s forward annual dividend rate was 0.80, compared to 0.81 this year. Against a Trailing Annual Dividend Yield of 5.20%, it implies a Forward Annual Dividend Yield of 5.24%. The stock’s 5-year Average Dividend Yield is 3.67. The current Payout Ratio is 47.16% for OCFC, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Feb 01, 2024. Stock splits for the company last occurred on May 19, 2002 when the company split stock in a 3:2 ratio.

Earnings Estimates

Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.39, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.43, with high estimates of $0.48 and low estimates of $0.41.

Analysts are recommending an EPS of between $1.95 and $1.66 for the fiscal current year, implying an average EPS of $1.77. EPS for the following year is $2.13, with 7 analysts recommending between $2.46 and $1.9.

Revenue Estimates

6 analysts predict $86.2M in revenue for the current quarter. It ranges from a high estimate of $87.18M to a low estimate of $85M. As of the current estimate, OceanFirst Financial Corp.’s year-ago sales were $98.8M, an estimated decrease of -12.80% from the year-ago figure.

A total of 6 analysts have provided revenue estimates for OCFC’s current fiscal year. The highest revenue estimate was $362.18M, while the lowest revenue estimate was $349M, resulting in an average revenue estimate of $354.89M. In the same quarter a year ago, actual revenue was $369.73M, down -4.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $391.39M in the next fiscal year. The high estimate is $411.16M and the low estimate is $380M. The average revenue growth estimate for next year is up 10.30% from the average revenue estimate for this year.

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