Oceanfirst Financial Corp Preferred Stock Cash Per Share
| OCFCP Preferred Stock | USD 25.20 0.05 0.20% |
OceanFirst Financial Corp fundamentals help investors to digest information that contributes to OceanFirst Financial's financial success or failures. It also enables traders to predict the movement of OceanFirst Preferred Stock. The fundamental analysis module provides a way to measure OceanFirst Financial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to OceanFirst Financial preferred stock.
OceanFirst |
OceanFirst Financial Corp Company Cash Per Share Analysis
OceanFirst Financial's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current OceanFirst Financial Cash Per Share | 2.89 X |
Most of OceanFirst Financial's fundamental indicators, such as Cash Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, OceanFirst Financial Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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In accordance with the recently published financial statements, OceanFirst Financial Corp has a Cash Per Share of 2.89 times. This is 91.95% lower than that of the Financial Services sector and significantly higher than that of the Banks—Regional industry. The cash per share for all United States preferred stocks is 42.32% higher than that of the company.
OceanFirst Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses OceanFirst Financial's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of OceanFirst Financial could also be used in its relative valuation, which is a method of valuing OceanFirst Financial by comparing valuation metrics of similar companies.OceanFirst Financial is currently under evaluation in cash per share category among its peers.
OceanFirst Financial ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, OceanFirst Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to OceanFirst Financial's managers, analysts, and investors.Environmental | Governance | Social |
OceanFirst Fundamentals
| Return On Equity | 0.095 | ||||
| Return On Asset | 0.0119 | ||||
| Profit Margin | 0.34 % | ||||
| Operating Margin | 0.49 % | ||||
| Current Valuation | 975.94 M | ||||
| Number Of Shares Shorted | 825 | ||||
| Price To Earning | 12.94 X | ||||
| Revenue | 431.6 M | ||||
| Gross Profit | 428.8 M | ||||
| EBITDA | 193.81 M | ||||
| Net Income | 146.6 M | ||||
| Cash And Equivalents | 170.67 M | ||||
| Cash Per Share | 2.89 X | ||||
| Total Debt | 1.41 B | ||||
| Book Value Per Share | 26.79 X | ||||
| Cash Flow From Operations | 159.97 M | ||||
| Short Ratio | 0.25 X | ||||
| Earnings Per Share | 1.67 X | ||||
| Number Of Employees | 10 | ||||
| Beta | 0.91 | ||||
| Total Asset | 13.1 B | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 13.1 B | ||||
| Last Dividend Paid | 0.77 |
About OceanFirst Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze OceanFirst Financial Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of OceanFirst Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of OceanFirst Financial Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with OceanFirst Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OceanFirst Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OceanFirst Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with OceanFirst Preferred Stock
| 0.61 | AX | Axos Financial | PairCorr |
| 0.64 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against OceanFirst Preferred Stock
| 0.56 | WF | Woori Financial Group | PairCorr |
| 0.4 | TFC-PO | Truist Financial | PairCorr |
| 0.32 | TFC-PR | Truist Financial | PairCorr |
The ability to find closely correlated positions to OceanFirst Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanFirst Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OceanFirst Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OceanFirst Financial Corp to buy it.
The correlation of OceanFirst Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OceanFirst Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanFirst Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for OceanFirst Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for OceanFirst Preferred Stock Analysis
When running OceanFirst Financial's price analysis, check to measure OceanFirst Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OceanFirst Financial is operating at the current time. Most of OceanFirst Financial's value examination focuses on studying past and present price action to predict the probability of OceanFirst Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OceanFirst Financial's price. Additionally, you may evaluate how the addition of OceanFirst Financial to your portfolios can decrease your overall portfolio volatility.