Professional
Added to YB: 2025-01-27
Pitch date: 2024-12-31
OCFC [bullish]
OceanFirst Financial Corp.
+15.91%
current return
Author Info
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Company Info
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.
Market Cap
$1.0B
Pitch Price
$17.44
Price Target
N/A
Dividend
4.46%
EV/EBITDA
N/A
P/E
13.80
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Third Avenue Small Cap Value Fund Portfolio Holding: OceanFirst Financial Corp.
OCFC: Regional bank at 62% book value, 89% tangible book. 10.4x P/E, 4.42% dividend. Strong deposit base, low-risk CRE loans, low charge-offs. Investment grade by Moody's. Potential M&A target due to attractive deposits. Upside from improving returns & industry consolidation.
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