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Upturn AI SWOT - About
OCFC 
OceanFirst Financial Corp (OCFC)
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Upturn Advisory Summary
04/01/2025: OCFC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -7.3% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 995.47M USD | Price to earnings Ratio 10.3 | 1Y Target Price 21.5 |
Price to earnings Ratio 10.3 | 1Y Target Price 21.5 | ||
Volume (30-day avg) 271574 | Beta 1.01 | 52 Weeks Range 13.56 - 21.63 | Updated Date 04/1/2025 |
52 Weeks Range 13.56 - 21.63 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 4.70% | Basic EPS (TTM) 1.65 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 26.67% | Operating Margin (TTM) 32.43% |
Management Effectiveness
Return on Assets (TTM) 0.75% | Return on Equity (TTM) 5.97% |
Valuation
Trailing PE 10.3 | Forward PE 10.5 | Enterprise Value 2218695168 | Price to Sales(TTM) 2.66 |
Enterprise Value 2218695168 | Price to Sales(TTM) 2.66 | ||
Enterprise Value to Revenue 5.79 | Enterprise Value to EBITDA - | Shares Outstanding 58557100 | Shares Floating 56396943 |
Shares Outstanding 58557100 | Shares Floating 56396943 | ||
Percent Insiders 3.35 | Percent Institutions 75.16 |
Analyst Ratings
Rating 3.86 | Target Price 21.93 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
OceanFirst Financial Corp
Company Overview
History and Background
OceanFirst Financial Corp. was founded in 1902 as OceanFirst Bank. It has grown through organic expansion and acquisitions, evolving from a mutual savings bank to a publicly traded commercial bank. Significant milestones include its demutualization in 1996 and subsequent acquisitions of other financial institutions.
Core Business Areas
- Commercial Banking: Provides a range of lending and deposit products to businesses, including commercial real estate loans, business term loans, and lines of credit.
- Retail Banking: Offers deposit accounts, residential mortgages, consumer loans, and other financial services to individual customers.
- Wealth Management: Provides investment advisory and trust services to individuals and families.
Leadership and Structure
The company is led by a board of directors and a senior management team. The CEO is Christopher Maher. The organizational structure is typical of a regional bank holding company.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Loans secured by commercial properties. Market share data for OceanFirst is difficult to pinpoint exactly but they are a significant player in their region. Competitors include local and national banks such as PNC (PNC) and Bank of America (BAC).
- Residential Mortgages: Mortgages for purchasing or refinancing homes. Competitors include large national mortgage lenders and smaller regional players. Market share data not available.
- Deposit Accounts: Checking, savings, and money market accounts. Competitors include numerous national and regional banks such as Citizens Financial Group (CFG) and M&T Bank Corporation (MTB). Market share data not available.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges related to rising interest rates, increased regulatory scrutiny, and competition from fintech companies. Consolidation within the industry is ongoing.
Positioning
OceanFirst is a regional bank focused on serving customers in New Jersey, New York, Philadelphia and Boston markets. Its competitive advantages include its strong local presence and customer relationships.
Total Addressable Market (TAM)
The TAM for regional banking services in OceanFirst's geographic footprint is estimated to be in the billions of dollars. OceanFirst's positioning allows it to capture a portion of this market through localized service.
Upturn SWOT Analysis
Strengths
- Strong capital position
- Experienced management team
- Established presence in core markets
- Focus on customer service
Weaknesses
- Limited geographic diversification
- Reliance on traditional banking model
- Higher expense ratios than peers
- Asset quality risk in higher interest rate environment
Opportunities
- Expansion into new markets
- Acquisitions of smaller banks
- Development of new digital products
- Increase in deposit base due to higher rates
Threats
- Increased competition from larger banks
- Economic downturn
- Rising interest rates
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- PNC (PNC)
- Bank of America (BAC)
- Citizens Financial Group (CFG)
- M&T Bank Corporation (MTB)
Competitive Landscape
OceanFirst competes with larger national banks and smaller regional players. Its advantage lies in its local knowledge and customer relationships, but it faces challenges from competitors with greater resources and scale.
Major Acquisitions
Country Bank Holding Company, Inc.
- Year: 2020
- Acquisition Price (USD millions): 104.3
- Strategic Rationale: Expanded OceanFirst's presence into the New York metropolitan area.
Growth Trajectory and Initiatives
Historical Growth: OceanFirst has grown organically and through acquisitions. Past growth rates have been moderate and dependent on the economic climate.
Future Projections: Analysts project moderate revenue and earnings growth for OceanFirst in the coming years. Future growth is expected to be driven by continued expansion and improved efficiency.
Recent Initiatives: Recent initiatives include investments in technology and digital banking, as well as expansion into new markets through branch openings and acquisitions.
Summary
OceanFirst is a regional bank with a strong presence in its core markets. They have a experienced management team and a steady business model. Challenges are around increasing competition and the potential for an economic downturn. Continued investment in digital products and strategic acquisitions will be key to its success.
Similar Companies
CFG
Citizens Financial Group, Inc.
CFG
Citizens Financial Group, Inc.
FHB
First Hawaiian Inc
FHB
First Hawaiian Inc
MTB
M&T Bank Corporation
MTB
M&T Bank Corporation
PNC
PNC Financial Services Group Inc
PNC
PNC Financial Services Group Inc
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Analyst Reports (Estimates)
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions can change rapidly, and investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About OceanFirst Financial Corp
Exchange NASDAQ | Headquaters Toms River, NJ, United States | ||
IPO Launch date 1996-07-03 | Chairman & CEO Mr. Christopher D. Maher | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 975 | Website https://www.oceanfirst.com |
Full time employees 975 | Website https://www.oceanfirst.com | ||
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers in the United States. The company accepts deposit products, such as money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, including brokered deposits. It 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, loans on savings accounts, overdraft line of credit, and other consumer loans. In addition, the company invests in mortgage-backed securities, securities issued by the U.S. government and agencies, corporate securities, and other investments; and provides bankcard, trust and fiduciary, asset management services, as well as bank owned life insurance products. The company was founded in 1902 and is headquartered in Toms River, New Jersey.
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