We assign a fundamental rating of 4 out of 10 to OCFC. OCFC was compared to 383 industry peers in the Banks industry. OCFC has a bad profitability rating. Also its financial health evaluation is rather negative. OCFC has a correct valuation and a medium growth rate. OCFC also has an excellent dividend rating.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

OCFC had positive earnings in the past year.
In the past year OCFC had a positive cash flow from operations.
In the past 5 years OCFC has always been profitable.
OCFC had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

OCFC's Return On Assets of 0.52% is on the low side compared to the rest of the industry. OCFC is outperformed by 75.46% of its industry peers.
The Return On Equity of OCFC (4.53%) is worse than 79.63% of its industry peers.

		Industry Rank	Sector Rank
ROA	0.52%
ROE	4.53%
ROIC	N/A

ROA(3y)0.64%

ROA(5y)0.78%

ROE(3y)5.23%

ROE(5y)6.34%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

With a Profit Margin value of 18.93%, OCFC is not doing good in the industry: 69.45% of the companies in the same industry are doing better.
OCFC's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for OCFC so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	18.93%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-20.23%

PM growth 5Y0.94%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

OCFC does not have a ROIC to compare to the WACC, probably because it is not profitable.
OCFC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, OCFC has less shares outstanding
Compared to 1 year ago, OCFC has a worse debt to assets ratio.

2.2 Solvency

OCFC has a debt to FCF ratio of 2.94. This is a good value and a sign of high solvency as OCFC would need 2.94 years to pay back of all of its debts.
With a Debt to FCF ratio value of 2.94, OCFC is not doing good in the industry: 62.40% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.16 indicates that OCFC is not too dependend on debt financing.
OCFC has a Debt to Equity ratio (0.16) which is in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.16
Debt/FCF	2.94
Altman-Z	N/A

ROIC/WACCN/A

WACC15.58%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The earnings per share for OCFC have decreased strongly by -10.62% in the last year.
Measured over the past 5 years, OCFC shows a small growth in Earnings Per Share. The EPS has been growing by 3.57% on average per year.
OCFC shows a small growth in Revenue. In the last year, the Revenue has grown by 5.39%.
Measured over the past years, OCFC shows a small growth in Revenue. The Revenue has been growing by 0.91% on average per year.

EPS 1Y (TTM)-10.62%

EPS 3Y-15.26%

EPS 5Y3.57%

EPS Q2Q%7.89%

Revenue 1Y (TTM)5.39%

Revenue growth 3Y-2.48%

Revenue growth 5Y0.91%

Sales Q2Q%14.34%

3.2 Future

The Earnings Per Share is expected to grow by 28.57% on average over the next years. This is a very strong growth
OCFC is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.63% yearly.

EPS Next Y34.44%

EPS Next 2Y28.57%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year32.43%

Revenue Next 2Y24.63%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 13.11 indicates a correct valuation of OCFC.
OCFC's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.32. OCFC is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 9.75 indicates a reasonable valuation of OCFC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OCFC indicates a somewhat cheap valuation: OCFC is cheaper than 67.10% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of OCFC to the average of the S&P500 Index (25.57), we can say OCFC is valued rather cheaply.

		Industry Rank	Sector Rank
PE	13.11
Fwd PE	9.75

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as OCFC.

		Industry Rank	Sector Rank
P/FCF	12.01
EV/EBITDA	N/A

4.3 Compensation for Growth

OCFC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as OCFC's earnings are expected to grow with 28.57% in the coming years.

PEG (NY)0.38

PEG (5Y)3.67

EPS Next 2Y28.57%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.30%, OCFC is a good candidate for dividend investing.
OCFC's Dividend Yield is rather good when compared to the industry average which is at 2.67. OCFC pays more dividend than 86.68% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.83, OCFC pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	4.3%

5.2 History

The dividend of OCFC has a limited annual growth rate of 4.32%.
OCFC has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of OCFC decreased in the last 3 years.

Dividend Growth(5Y)4.32%

Div Incr Years0

Div Non Decr Years2

5.3 Sustainability

65.99% of the earnings are spent on dividend by OCFC. This is not a sustainable payout ratio.
OCFC's earnings are growing more than its dividend. This makes the dividend growth sustainable.

DP65.99%

EPS Next 2Y28.57%

EPS Next 3YN/A

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OCEANFIRST FINANCIAL CORP / OCFC FAQ

Can you provide the ChartMill fundamental rating for OCEANFIRST FINANCIAL CORP?

ChartMill assigns a fundamental rating of 4 / 10 to OCFC.

Can you provide the valuation status for OCEANFIRST FINANCIAL CORP?

ChartMill assigns a valuation rating of 5 / 10 to OCEANFIRST FINANCIAL CORP (OCFC). This can be considered as Fairly Valued.

What is the profitability of OCFC stock?

OCEANFIRST FINANCIAL CORP (OCFC) has a profitability rating of 2 / 10.

What is the financial health of OCEANFIRST FINANCIAL CORP (OCFC) stock?

The financial health rating of OCEANFIRST FINANCIAL CORP (OCFC) is 2 / 10.

What is the expected EPS growth for OCEANFIRST FINANCIAL CORP (OCFC) stock?

The Earnings per Share (EPS) of OCEANFIRST FINANCIAL CORP (OCFC) is expected to grow by 34.44% in the next year.