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14.63 (1y: +2%)
Market Cap 263.1 M P/E(ttm) 13.80
Enterprise Value 509.63 M P/B 1.20
OCFC- NAS (USA)
Oceanfirst Financial Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$14.63
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.223
OCFC's Cash to Debt is ranked higher than
60% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.42 vs. OCFC: 0.223 )
OCFC' s 10-Year Cash to Debt Range
Min: 0.05   Max: 0.26
Current: 0.22
0.05
0.26
Equity to Asset 0.097
OCFC's Equity to Asset is ranked higher than
66% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.09 vs. OCFC: 0.097 )
OCFC' s 10-Year Equity to Asset Range
Min: 0.06   Max: 0.11
Current: 0.1
0.06
0.11
Interest Coverage No Debt
OCFC's Interest Coverage is ranked higher than
78% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 10000.00 vs. OCFC: No Debt )
OCFC' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 0.38
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 33.70
OCFC's Operating margin (%) is ranked higher than
81% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 21.80 vs. OCFC: 33.70 )
OCFC' s 10-Year Operating margin (%) Range
Min: 1.7   Max: 46.4
Current: 33.7
1.7
46.4
Net-margin (%) 21.8
OCFC's Net-margin (%) is ranked higher than
77% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 15.70 vs. OCFC: 21.8 )
OCFC' s 10-Year Net-margin (%) Range
Min: 1.9   Max: 30.4
Current: 21.8
1.9
30.4
ROE (%) 9.1
OCFC's ROE (%) is ranked higher than
80% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 5.20 vs. OCFC: 9.1 )
OCFC' s 10-Year ROE (%) Range
Min: 0.9   Max: 14.9
Current: 9.1
0.9
14.9
ROA (%) 0.9
OCFC's ROA (%) is ranked higher than
77% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.50 vs. OCFC: 0.9 )
OCFC' s 10-Year ROA (%) Range
Min: 0.1   Max: 1.2
Current: 0.9
0.1
1.2
Revenue Growth (%) -5.1
OCFC's Revenue Growth (%) is ranked lower than
59% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.00 vs. OCFC: -5.1 )
OCFC' s 10-Year Revenue Growth (%) Range
Min: -5.9   Max: 15.8
Current: -5.1
-5.9
15.8
EBITDA Growth (%) -4.9
OCFC's EBITDA Growth (%) is ranked lower than
62% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.00 vs. OCFC: -4.9 )
OCFC' s 10-Year EBITDA Growth (%) Range
Min: -33.2   Max: 37
Current: -4.9
-33.2
37
EPS Growth (%) 3.4
OCFC's EPS Growth (%) is ranked higher than
79% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.00 vs. OCFC: 3.4 )
OCFC' s 10-Year EPS Growth (%) Range
Min: -49.8   Max: 87.8
Current: 3.4
-49.8
87.8
ยป OCFC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

OCFC Guru Trades in Q2 2012

John Keeley 773,500 sh (+111.05%)
Jim Simons 203,500 sh (+7.27%)
Private Capital 83,412 sh (-6.19%)
» More
Q3 2012

OCFC Guru Trades in Q3 2012

John Keeley 838,500 sh (+8.4%)
Jim Simons 203,000 sh (-0.25%)
Private Capital 72,212 sh (-13.43%)
» More
Q4 2012

OCFC Guru Trades in Q4 2012

John Keeley 873,000 sh (+4.11%)
Jim Simons 203,843 sh (+0.42%)
Private Capital 52,783 sh (-26.91%)
» More
Q1 2013

OCFC Guru Trades in Q1 2013

Private Capital 298,981 sh (+466.43%)
Jim Simons 219,945 sh (+7.9%)
John Keeley Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with OCFC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-03-31 Sold Out 0.27%$13.08 - $14.7 $ 14.634%0
John Keeley 2012-06-30 Add 111.05%0.13%$13.82 - $14.76 $ 14.632%773500
John Keeley 2012-03-31 Add 1994.29%0.1%$13.1 - $14.56 $ 14.6312%366500
John Keeley 2011-06-30 New Buy$12.41 - $14.5 $ 14.639%17500
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 13.80
OCFC's P/E(ttm) is ranked higher than
63% of the 1248 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 12.60 vs. OCFC: 13.80 )
OCFC' s 10-Year P/E(ttm) Range
Min: 6.35   Max: 188.11
Current: 13.8
6.35
188.11
P/B 1.20
OCFC's P/B is ranked higher than
52% of the 1347 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.97 vs. OCFC: 1.20 )
OCFC' s 10-Year P/B Range
Min: 0.75   Max: 2.64
Current: 1.2
0.75
2.64
P/S 2.90
OCFC's P/S is ranked higher than
56% of the 1433 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 2.33 vs. OCFC: 2.90 )
OCFC' s 10-Year P/S Range
Min: 1.27   Max: 4.75
Current: 2.9
1.27
4.75
PFCF 11.00
OCFC's PFCF is ranked lower than
52% of the 1087 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 5.38 vs. OCFC: 11.00 )
OCFC' s 10-Year PFCF Range
Min: 2.64   Max: 565
Current: 11
2.64
565
EV-to-EBIT 17.9
OCFC's EV-to-EBIT is ranked higher than
57% of the 1102 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 14.26 vs. OCFC: 17.9 )
OCFC' s 10-Year EV-to-EBIT Range
Min: 9.4   Max: 646.1
Current: 17.9
9.4
646.1
PEG 0.4
OCFC's PEG is ranked higher than
82% of the 491 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.79 vs. OCFC: 0.4 )
OCFC' s 10-Year PEG Range
Min: 0.27   Max: 14.19
Current: 0.4
0.27
14.19
Shiller P/E 13
OCFC's Shiller P/E is ranked lower than
100% of the Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: vs. OCFC: 13 )
OCFC' s 10-Year Shiller P/E Range
Min: 6.3   Max: 22.39
Current: 13
6.3
22.39

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.30
OCFC's Dividend Yield is ranked higher than
78% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.69 vs. OCFC: 3.30 )
OCFC' s 10-Year Dividend Yield Range
Min: 2.59   Max: 10.32
Current: 3.3
2.59
10.32
Dividend Payout 0.45
OCFC's Dividend Payout is ranked higher than
62% of the 951 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.30 vs. OCFC: 0.45 )
OCFC' s 10-Year Dividend Payout Range
Min: 0.42   Max: 8.67
Current: 0.45
0.42
8.67
Dividend growth (3y) -12
OCFC's Dividend growth (3y) is ranked lower than
59% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.00 vs. OCFC: -12 )
OCFC' s 10-Year Dividend growth (3y) Range
Min: -12   Max: 16.2
Current: -12
-12
16.2
Yield on cost (5-Year) 1.53
OCFC's Yield on cost (5-Year) is ranked higher than
56% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.26 vs. OCFC: 1.53 )
OCFC' s 10-Year Yield on cost (5-Year) Range
Min: 1.2   Max: 4.8
Current: 1.53
1.2
4.8
Share Buyback Rate -8.7
OCFC's Share Buyback Rate is ranked lower than
60% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: -0.20 vs. OCFC: -8.7 )
OCFC' s 10-Year Share Buyback Rate Range
Min: 7.2   Max: -11.8
Current: -8.7

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.2
OCFC's Price/Tangible Book is ranked higher than
67% of the 1191 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.10 vs. OCFC: 1.2 )
OCFC' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 2.8
Current: 1.2
0.8
2.8
Price/DCF (Projected) 0.6
OCFC's Price/DCF (Projected) is ranked higher than
75% of the 679 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.60 vs. OCFC: 0.6 )
OCFC' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 0.9
Current: 0.6
0.5
0.9
Price/Median PS Value 0.8
OCFC's Price/Median PS Value is ranked higher than
74% of the 1268 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.00 vs. OCFC: 0.8 )
OCFC' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.4
Current: 0.8
0.5
1.4
Price/Graham Number 0.8
OCFC's Price/Graham Number is ranked higher than
61% of the 1094 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.80 vs. OCFC: 0.8 )
OCFC' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 3.4
Current: 0.8
0.6
3.4
Earnings Yield (Greenblatt) 5.60
OCFC's Earnings Yield (Greenblatt) is ranked higher than
72% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 4.10 vs. OCFC: 5.60 )
OCFC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 10.7
Current: 5.6
0.2
10.7
Forward Rate of Return (Yacktman) 6.73
OCFC's Forward Rate of Return (Yacktman) is ranked higher than
74% of the 1621 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.00 vs. OCFC: 6.73 )
OCFC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -26   Max: 57.9
Current: 6.73
-26
57.9

Business Description

Oceanfirst Financial Corporation was incorporated under Delaware law and has served as the holding Company for OceanFirst Bank (the "Bank") since the Bank's conversion from mutual to stock form in 1996. The Bank's main business is attracting deposits from the general public in the communities surrounding its branch offices and investing those deposits mainly in single-family, owner-occupied residential mortgage loans and, more recently, in commercial real estate loans. It also invests in other types of loans, including multi-family, construction, consumer and commercial loans. In addition, the Bank invests in mortgage-backed securities, securities issued by the U.S. Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank periodically sells part of its mortgage loan production in order to manage interest rate risk and liquidity. Its revenues are derived mainly from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. It also receives income from fees and service charges on loan and deposit products, and from the sale of trust and asset management services and alternative investment products, e.g., mutual funds, annuities and life insurance. The Bank's main sources of funds are deposits, principal and interest payments on loans and mortgage-backed securities, proceeds from the sale of loans, Federal Home Loan Bank ("FHLB") advances and other borrowings and to a lesser extent, investment maturities. The Bank's competition for loans comes from commercial banks, savings banks, savings and loan associations, credit unions, mortgage banking companies and insurance companies. Its most direct competition for deposits come from commercial banks, savings banks, savings and loan associations and credit unions although the Bank also faces competition for deposits from short-term money market funds, other corporate and government securities funds, internet-only providers and from other financial service institutions such as brokerage firms and insurance companies. The Company is a savings and loan holding Company subject to regulation by the Board of Governors of the Federal Reserve System (the "FRB") and the Securities and Exchange Commission ("SEC"). The Bank is subject to regulation and supervision by the Office of the Comptroller of the Currency ("OCC") and the Federal Deposit Insurance Corporation ("FDIC").
Company Website
SEC Reports
Industry: Savings & Cooperative Banks
Compare:OCN, HOME, PBCT, HCBK, FNFG
ยป More Articles for OCFC

Headlines

Articles On GuruFocus.com
insiders Shares of Oct 10 2011 
OceanFirst Financial Corp. Reports Operating Results (10-Q) May 10 2010 
OceanFirst Financial Corp. (OCFC) CFO Michael J Fitzpatrick buys 1,000 Shares Oct 29 2009 
OceanFirst Financial Corp. Reports Operating Results (10-Q) May 11 2009 

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