OCFC
OceanFirst Financial Corp.
OCFC's fundamentals are mixed, but it looks expensive: trading at 25x earnings, about twice its usual 12x. Analysts expect strong earnings growth.
OCFC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| N/A | |
| N/A |
OCFC's revenue is currently strong, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like OCFC.
OCFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.4x | $18.09 | — |
| Cheap | 8.9x | $6.52 | -64% |
| Fair | 11x | $8.38 | -54% |
| Expensive | 16x | $11.65 | -36% |
| Current | 25x | $18.09 | — |
Historical ranges are pointers, not guarantees.
OCFC's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 8.4x next year's earnings, in its cheap range.
OCFC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for OCFC, but weaker profitability.
OCFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.16 | +196% |
| Q3 2026 | $0.73 | -43% |
| Q2 2026 | $0.86 | -39% |
| Q1 2026 | $1.18 | -23% |
| Q4 2025 | $1.17 | -29% |
| Q3 2025 | $1.29 | -26% |
| Q2 2025 | $1.41 | -15% |
| Q1 2025 | $1.53 | -11% |
| Q4 2024 | $1.65 | -2.9% |
OCFC's earnings per share have fallen from their peak: $0.73 over the past year, against $2.46 in early 2023.
OCFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $185.1M | +80% |
| Q2 2026 | $131.3M | +32% |
| Q1 2026 | $103.2M | +5.4% |
| Q4 2025 | $104.7M | +9.6% |
| Q3 2025 | $103M | +6.3% |
| Q2 2025 | $99.4M | +6.6% |
| Q1 2025 | $97.9M | -0.6% |
| Q4 2024 | $95.6M | -4.1% |
OCFC's revenue has grown year over year for six quarters in a row: $185M last quarter, up 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -6 points |
| Q2 2026 | -1.9% | -27 points |
| Q1 2026 | 26% | -2.7 points |
| Q4 2025 | 16% | -12 points |
| Q3 2025 | 22% | -12 points |
| Q2 2025 | 25% | -8.8 points |
| Q1 2025 | 29% | -11 points |
| Q4 2024 | 29% | -7.9 points |
OCFC's operating margin was 16% last quarter, down 6 points from the same quarter a year ago, near the bottom of its range since 2019.
OCFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $128M | +461% |
| Q2 2026 | $33.5M | +23% |
| Q1 2026 | $23.3M | +$26.9M |
| Q4 2025 | $33.1M | -23% |
| Q3 2025 | $22.8M | +$46.3M |
| Q2 2025 | $27.2M | +39% |
| Q1 2025 | -$3.6M | -108% |
| Q4 2024 | $43.2M | +$71.7M |
OCFC's free cash flow was $218M over the past year, up 143% from the year before. Free cash flow isn't a meaningful measure for financial services companies like OCFC.
OCFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +40% | +27.9M shares |
| 1 year | +72% | +41.1M shares |
| 3 years | +66% | +39M shares |
| 5 years | +65% | +38.6M shares |
| Available history | +93% | +47.4M shares |
OCFC has 98M diluted shares, up 72% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $755,000 |
| Q2 2026 | $3.6M |
| Q1 2026 | $3.4M |
| Q4 2025 | $558,000 |
| Q3 2025 | $42,000 |
| Q2 2025 | $17.4M |
| Q1 2025 | $6.9M |
| Q4 2024 | $5,000 |
OCFC spent $8M buying back its own shares over the past year, down 66% from the year before.
OCFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 24.1x | High |
| Q2 2026 | 26.1x | High |
| Q1 2026 | 12.8x | High |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 14.4x | High |
| Q2 2025 | 7.8x | High |
| Q1 2025 | 7.1x | High |
| Q4 2024 | 0.5x | Very low |
OCFC's net debt is more than 20 years of its operating earnings (EBITDA), up from 14 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OCFC.
OCFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.8 | Neutral |
| Stochastic | 55.4 | Neutral |
OCFC's weekly RSI is 50 (neutral) and its Stochastic is 55 (neutral).
OCFC PE vs Financial Services Sector
| Metric | OCFC | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 13x | 90% above |
| PE % | 100 | 63 | 37 pts above |
OCFC is trading at 25x earnings, a 90% premium to the Financial Services sector's median of 13x.
OCFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.1 | 5.9% above |
| 20 week MA | $18.3 | 1.4% below |
| 50 week MA | $18.6 | 2.5% below |
| 100 week MA | $18.1 | 0.2% above |
| 200 week MA | $17.5 | 3.1% above |
OCFC's trend is mixed: it's above three of its five weekly moving averages, and 3.1% above its 200-week average.
OCFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.3 | $18.7 | -26% |
| 2021 | $18.7 | $22.0 | +18% |
| 2022 | $22.0 | $21.5 | -2.4% |
| 2023 | $21.5 | $17.4 | -19% |
| 2024 | $17.4 | $17.7 | +1.8% |
| 2025 | $17.7 | $19.8 | +12% |
| 2026 YTD | $19.8 | $18.1 | -8.5% |
OCFC has finished lower in three of the last six years. It's down 8.5% so far in 2026.