OceanFirst Financial Corp. (NASDAQ: OCFC) is one of 206 publicly-traded companies in the “Commercial Banks” industry, but how does it compare to its rivals? We will compare OceanFirst Financial Corp. to similar companies based on the strength of its earnings, institutional ownership, risk, dividends, profitability, analyst recommendations and valuation.
This table compares OceanFirst Financial Corp. and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|OceanFirst Financial Corp.||18.59%||8.87%||0.99%|
|OceanFirst Financial Corp. Competitors||20.48%||8.67%||0.92%|
Valuation & Earnings
This table compares OceanFirst Financial Corp. and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|OceanFirst Financial Corp.||$153.84 million||$23.04 million||21.73|
|OceanFirst Financial Corp. Competitors||$343.38 million||$72.34 million||20.94|
OceanFirst Financial Corp.’s rivals have higher revenue and earnings than OceanFirst Financial Corp.. OceanFirst Financial Corp. is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
This is a breakdown of recent ratings and price targets for OceanFirst Financial Corp. and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|OceanFirst Financial Corp.||0||0||5||0||3.00|
|OceanFirst Financial Corp. Competitors||360||2856||2309||66||2.37|
OceanFirst Financial Corp. currently has a consensus price target of $31.00, suggesting a potential upside of 18.91%. As a group, “Commercial Banks” companies have a potential upside of 8.06%. Given OceanFirst Financial Corp.’s stronger consensus rating and higher possible upside, equities analysts clearly believe OceanFirst Financial Corp. is more favorable than its rivals.
Institutional and Insider Ownership
67.5% of OceanFirst Financial Corp. shares are held by institutional investors. Comparatively, 46.1% of shares of all “Commercial Banks” companies are held by institutional investors. 7.0% of OceanFirst Financial Corp. shares are held by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
OceanFirst Financial Corp. pays an annual dividend of $0.60 per share and has a dividend yield of 2.3%. OceanFirst Financial Corp. pays out 50.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 34.9% of their earnings in the form of a dividend.
Risk & Volatility
OceanFirst Financial Corp. has a beta of 0.61, suggesting that its share price is 39% less volatile than the S&P 500. Comparatively, OceanFirst Financial Corp.’s rivals have a beta of 0.74, suggesting that their average share price is 26% less volatile than the S&P 500.
OceanFirst Financial Corp. rivals beat OceanFirst Financial Corp. on 8 of the 15 factors compared.
About OceanFirst Financial Corp.
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments. The Bank originates home equity loans typically as fixed-rate loans with terms ranging from 5 to 20 years. The Bank also offers variable-rate home equity lines of credit.
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