OceanFirst Financial Corp. (NASDAQ: OCFC) is one of 211 publicly-traded companies in the “Commercial Banks” industry, but how does it contrast to its competitors? We will compare OceanFirst Financial Corp. to similar companies based on the strength of its institutional ownership, profitability, risk, valuation, earnings, analyst recommendations and dividends.
Risk & Volatility
OceanFirst Financial Corp. has a beta of 0.61, indicating that its stock price is 39% less volatile than the S&P 500. Comparatively, OceanFirst Financial Corp.’s competitors have a beta of 0.74, indicating that their average stock price is 26% less volatile than the S&P 500.
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 35.0% of their earnings in the form of a dividend.
Institutional & Insider Ownership
67.3% of OceanFirst Financial Corp. shares are owned by institutional investors. Comparatively, 46.4% of shares of all “Commercial Banks” companies are owned by institutional investors. 7.0% of OceanFirst Financial Corp. shares are owned by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This table compares OceanFirst Financial Corp. and its competitors’ 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||20.57%||8.77%||0.93%|
This is a breakdown of current ratings and recommmendations for OceanFirst Financial Corp. and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|OceanFirst Financial Corp.||0||0||5||0||3.00|
|OceanFirst Financial Corp. Competitors||361||2851||2309||66||2.37|
OceanFirst Financial Corp. currently has a consensus price target of $31.00, indicating a potential upside of 19.97%. As a group, “Commercial Banks” companies have a potential upside of 8.94%. Given OceanFirst Financial Corp.’s stronger consensus rating and higher possible upside, research analysts clearly believe OceanFirst Financial Corp. is more favorable than its competitors.
Earnings & Valuation
This table compares OceanFirst Financial Corp. and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|OceanFirst Financial Corp.||$153.84 million||$23.04 million||21.53|
|OceanFirst Financial Corp. Competitors||$341.18 million||$71.82 million||20.95|
OceanFirst Financial Corp.’s competitors have higher revenue and earnings than OceanFirst Financial Corp.. OceanFirst Financial Corp. is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
OceanFirst Financial Corp. competitors beat OceanFirst Financial Corp. on 8 of the 15 factors compared.
OceanFirst Financial Corp. Company Profile
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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