OceanFirst Financial (OCFC) Stock Forecast, Price Target & Predictions
OCFC Stock Forecast
OceanFirst Financial stock forecast is as follows: an average price target of $19.33 (represents a -6.71% downside from OCFC’s last price of $20.72) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
OCFC Price Target
The average price target for OceanFirst Financial (OCFC) is $19.33 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $17.00. This represents a potential -6.71% downside from OCFC's last price of $20.72.
OCFC Analyst Ratings
According to 3 Wall Street analysts, OceanFirst Financial's rating consensus is 'Hold'. The analyst rating breakdown for OCFC stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
OceanFirst Financial Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Daniel Tamayo | Raymond James | $22.00 | $19.10 | 15.18% | 6.18% |
| Oct 18, 2024 | Frank Schiraldi | Piper Sandler | $17.00 | $19.46 | -12.64% | -17.95% |
| Jul 22, 2024 | Manuel Navas | D.A. Davidson | $19.00 | $17.47 | 8.76% | -8.30% |
| Jan 05, 2024 | Daniel Tamayo | Raymond James | $21.00 | $17.23 | 21.88% | 1.35% |
| May 02, 2022 | - | Raymond James | $28.00 | $18.86 | 48.46% | 35.14% |
The latest OceanFirst Financial stock forecast, released on Oct 21, 2024 by Daniel Tamayo from Raymond James, set a price target of $22.00, which represents a 15.18% increase from the stock price at the time of the forecast ($19.10), and a 6.18% increase from OCFC last price ($20.72).
OceanFirst Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 4 |
| Avg Price Target | $19.50 | $19.50 | $19.75 |
| Last Closing Price | $20.72 | $20.72 | $20.72 |
| Upside/Downside | -5.89% | -5.89% | -4.68% |
In the current month, the average price target of OceanFirst Financial stock is $19.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -5.89% decrease as opposed to OceanFirst Financial's last price of $20.72. This month's average price target is down 0.00% compared to last quarter, and down -1.27% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Raymond James | Outperform | Outperform | Hold |
| Oct 18, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 31, 2024 | Raymond James | Underperform | Underperform | Hold |
| May 31, 2024 | Stephens | Market Perform | Market Perform | Hold |
| Jan 22, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jan 05, 2024 | Raymond James | - | Outperform | Upgrade |
| Dec 12, 2022 | Piper Sandler | - | Neutral | Downgrade |
OceanFirst Financial's last stock rating was published by Raymond James on Oct 21, 2024. The company gave OCFC a "Outperform" rating, the same as its previous rate.
OceanFirst Financial Financial Forecast
OceanFirst Financial Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $100.60M | $99.82M | $99.59M | $132.80M | $109.88M | $96.82M | $92.10M | $88.83M | $85.68M | $84.52M | $93.07M | $102.71M | $83.58M | $88.81M | $92.07M | $73.03M | $73.30M |
| Avg Forecast | $116.72M | $114.05M | $110.30M | $106.08M | $105.32M | $102.62M | $98.79M | $95.07M | $95.07M | $92.89M | $94.77M | $95.67M | $96.84M | $101.17M | $102.33M | $116.48M | $111.17M | $113.05M | $105.53M | $93.40M | $91.06M | $87.54M | $87.85M | $89.85M | $91.39M | $92.94M | $91.43M | $88.16M | $74.30M | $74.89M |
| High Forecast | $118.56M | $115.84M | $112.03M | $107.74M | $106.98M | $104.23M | $100.34M | $96.62M | $96.41M | $92.93M | $94.77M | $95.67M | $98.57M | $102.76M | $103.94M | $118.31M | $112.91M | $113.05M | $105.53M | $93.40M | $91.06M | $87.54M | $87.85M | $89.85M | $91.39M | $92.94M | $91.43M | $88.16M | $74.30M | $74.89M |
| Low Forecast | $115.15M | $112.51M | $108.81M | $104.64M | $103.90M | $101.23M | $97.46M | $93.95M | $94.36M | $92.86M | $94.77M | $95.67M | $94.59M | $99.80M | $100.94M | $114.91M | $109.66M | $113.05M | $105.53M | $93.40M | $91.06M | $87.54M | $87.85M | $89.85M | $91.39M | $92.94M | $91.43M | $88.16M | $74.30M | $74.89M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.98% | 0.86% | 1.19% | 0.97% | 0.92% | 0.99% | 0.98% | 0.98% | 0.96% | 1.04% | 1.12% | 0.90% | 0.97% | 1.04% | 0.98% | 0.98% |
OceanFirst Financial's average Quarter revenue forecast for Dec 23 based on 5 analysts is $96.84M, with a low forecast of $94.59M, and a high forecast of $98.57M. OCFC's average Quarter revenue forecast represents a -3.74% decrease compared to the company's last Quarter revenue of $100.60M (Sep 23).
OceanFirst Financial EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $28.11M | $37.79M | $77.80M | $95.57M | $63.42M | $51.16M | $44.47M | $39.16M | $43.25M | $53.30M | $58.10M | $61.88M | $12.26M | $45.36M | $42.84M | $43.27M | $47.76M |
| Avg Forecast | $37.14M | $36.29M | $35.10M | $33.75M | $33.51M | $32.66M | $31.44M | $30.25M | $30.25M | $29.56M | $30.16M | $50.30M | $30.82M | $32.19M | $32.56M | $45.73M | $39.16M | $35.97M | $33.58M | $41.57M | $28.98M | $27.85M | $27.95M | $52.29M | $29.08M | $29.58M | $29.10M | $37.49M | $23.64M | $23.83M |
| High Forecast | $37.73M | $36.86M | $35.65M | $34.28M | $34.04M | $33.17M | $31.93M | $30.75M | $30.68M | $29.57M | $30.16M | $60.36M | $31.37M | $32.70M | $33.07M | $54.87M | $46.99M | $35.97M | $33.58M | $49.89M | $28.98M | $27.85M | $27.95M | $62.75M | $29.08M | $29.58M | $29.10M | $44.99M | $23.64M | $23.83M |
| Low Forecast | $36.64M | $35.80M | $34.62M | $33.30M | $33.06M | $32.21M | $31.01M | $29.90M | $30.03M | $29.55M | $30.16M | $40.24M | $30.10M | $31.76M | $32.12M | $36.58M | $31.32M | $35.97M | $33.58M | $33.26M | $28.98M | $27.85M | $27.95M | $41.84M | $29.08M | $29.58M | $29.10M | $29.99M | $23.64M | $23.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.16% | 1.70% | 2.44% | 1.76% | 1.52% | 1.07% | 1.35% | 1.55% | 1.91% | 1.11% | 2.13% | 0.41% | 1.56% | 1.14% | 1.83% | 2.00% |
5 analysts predict OCFC's average Quarter EBITDA for Dec 23 to be $30.82M, with a high of $31.37M and a low of $30.10M. This is 9.62% upper than OceanFirst Financial's previous annual EBITDA (Sep 23) of $28.11M.
OceanFirst Financial Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.67M | $27.80M | $27.88M | $53.27M | $38.61M | $28.96M | $25.76M | $22.66M | $24.17M | $30.55M | $32.70M | $33.06M | $-4.93M | $18.64M | $16.53M | $23.45M | $24.97M |
| Avg Forecast | $33.04M | $31.40M | $29.32M | $26.55M | $26.31M | $24.48M | $22.21M | $20.61M | $21.04M | $22.15M | $24.64M | $29.14M | $24.72M | $20.49M | $27.29M | $26.49M | $22.66M | $35.25M | $32.45M | $24.08M | $25.61M | $23.67M | $25.16M | $29.43M | $22.51M | $23.78M | $19.62M | $14.47M | $30.71M | $29.84M |
| High Forecast | $33.72M | $32.04M | $29.92M | $27.10M | $26.85M | $24.98M | $22.66M | $22.90M | $23.37M | $22.17M | $24.65M | $34.96M | $26.44M | $20.91M | $27.85M | $31.78M | $27.19M | $35.25M | $32.45M | $28.89M | $25.61M | $23.67M | $25.16M | $35.31M | $22.51M | $23.78M | $19.62M | $17.36M | $30.71M | $29.84M |
| Low Forecast | $32.46M | $30.84M | $28.81M | $26.09M | $25.85M | $24.05M | $21.81M | $19.46M | $19.28M | $22.13M | $24.63M | $23.31M | $23.00M | $20.13M | $26.81M | $21.19M | $18.13M | $35.25M | $32.45M | $19.26M | $25.61M | $23.67M | $25.16M | $23.54M | $22.51M | $23.78M | $19.62M | $11.57M | $30.71M | $29.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.05% | 2.35% | 1.10% | 0.89% | 1.07% | 0.88% | 1.02% | 1.21% | 1.11% | 1.47% | -0.21% | 0.95% | 1.14% | 0.76% | 0.84% |
OceanFirst Financial's average Quarter net income forecast for Dec 23 is $24.72M, with a range of $23.00M to $26.44M. OCFC's average Quarter net income forecast represents a 19.61% increase compared to the company's last Quarter net income of $20.67M (Sep 23).
OceanFirst Financial SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.27M | $37.65M | $36.65M | $36.57M | $43.10M | $42.08M | $38.94M | $41.13M | $38.05M | $36.04M | $34.70M | $34.44M | $35.70M | $33.97M | $35.50M | $27.73M | $25.53M |
| Avg Forecast | $40.85M | $39.91M | $38.60M | $37.12M | $36.86M | $35.91M | $34.57M | $33.27M | $33.27M | $32.51M | $33.16M | $44.04M | $33.89M | $35.40M | $35.81M | $40.04M | $41.13M | $39.56M | $36.93M | $36.40M | $31.87M | $30.63M | $30.74M | $31.23M | $31.98M | $32.53M | $32.00M | $31.06M | $26.00M | $26.21M |
| High Forecast | $41.49M | $40.54M | $39.21M | $37.70M | $37.44M | $36.48M | $35.12M | $33.81M | $33.74M | $32.52M | $33.16M | $52.85M | $34.49M | $35.96M | $36.37M | $48.04M | $49.35M | $39.56M | $36.93M | $43.68M | $31.87M | $30.63M | $30.74M | $37.47M | $31.98M | $32.53M | $32.00M | $37.27M | $26.00M | $26.21M |
| Low Forecast | $40.30M | $39.37M | $38.08M | $36.62M | $36.36M | $35.43M | $34.10M | $32.88M | $33.02M | $32.50M | $33.16M | $35.23M | $33.10M | $34.92M | $35.33M | $32.03M | $32.90M | $39.56M | $36.93M | $29.12M | $31.87M | $30.63M | $30.74M | $24.98M | $31.98M | $32.53M | $32.00M | $24.85M | $26.00M | $26.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.05% | 0.92% | 0.89% | 1.09% | 1.14% | 1.07% | 1.29% | 1.24% | 1.17% | 1.11% | 1.08% | 1.10% | 1.06% | 1.14% | 1.07% | 0.97% |
OceanFirst Financial's average Quarter SG&A projection for Dec 23 is $33.89M, based on 5 Wall Street analysts, with a range of $33.10M to $34.49M. The forecast indicates a -13.71% fall compared to OCFC last annual SG&A of $39.27M (Sep 23).
OceanFirst Financial EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.33 | $0.45 | $0.46 | $0.89 | $0.64 | $0.48 | $0.42 | $0.39 | $0.40 | $0.49 | $0.53 | $0.53 | $-0.10 | $0.31 | $0.28 | $0.47 | $0.50 |
| Avg Forecast | $0.57 | $0.54 | $0.50 | $0.46 | $0.45 | $0.42 | $0.38 | $0.35 | $0.36 | $0.38 | $0.42 | $0.41 | $0.43 | $0.35 | $0.47 | $0.64 | $0.62 | $0.60 | $0.56 | $0.46 | $0.44 | $0.41 | $0.43 | $0.40 | $0.39 | $0.41 | $0.34 | $0.38 | $0.53 | $0.51 |
| High Forecast | $0.58 | $0.55 | $0.52 | $0.47 | $0.46 | $0.43 | $0.39 | $0.39 | $0.40 | $0.38 | $0.42 | $0.42 | $0.46 | $0.36 | $0.48 | $0.65 | $0.63 | $0.60 | $0.56 | $0.46 | $0.44 | $0.41 | $0.43 | $0.40 | $0.39 | $0.41 | $0.34 | $0.38 | $0.53 | $0.51 |
| Low Forecast | $0.56 | $0.53 | $0.50 | $0.45 | $0.45 | $0.41 | $0.38 | $0.34 | $0.33 | $0.38 | $0.42 | $0.40 | $0.40 | $0.35 | $0.46 | $0.63 | $0.61 | $0.60 | $0.56 | $0.46 | $0.44 | $0.41 | $0.43 | $0.40 | $0.39 | $0.41 | $0.34 | $0.38 | $0.53 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.96% | 0.72% | 1.43% | 1.06% | 0.86% | 0.91% | 0.89% | 0.99% | 1.14% | 1.31% | 1.37% | -0.25% | 0.92% | 0.74% | 0.89% | 0.98% |
According to 5 Wall Street analysts, OceanFirst Financial's projected average Quarter EPS for Dec 23 is $0.43, with a low estimate of $0.40 and a high estimate of $0.46. This represents a 29.00% increase compared to OCFC previous annual EPS of $0.33 (Sep 23).
OceanFirst Financial Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LBAI | Lakeland Bancorp | $13.43 | $20.00 | 48.92% | Strong Buy |
| DCOM | Dime Community Bancshares | $33.76 | $35.00 | 3.67% | Strong Buy |
| HFWA | Heritage Financial | $26.26 | $26.00 | -0.99% | Hold |
| PGC | Peapack-Gladstone Financial | $37.11 | $35.00 | -5.69% | Buy |
| FFIC | Flushing Financial | $17.77 | $16.75 | -5.74% | Buy |
| OCFC | OceanFirst Financial | $20.72 | $19.33 | -6.71% | Hold |