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 2.93% upside from OCFC’s last price of $18.78) 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 2.93% upside from OCFC's last price of $18.78.
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% | 17.15% |
| Oct 18, 2024 | Frank Schiraldi | Piper Sandler | $17.00 | $19.46 | -12.64% | -9.48% |
| Jul 22, 2024 | Manuel Navas | D.A. Davidson | $19.00 | $17.47 | 8.76% | 1.17% |
| Jan 05, 2024 | Daniel Tamayo | Raymond James | $21.00 | $17.23 | 21.88% | 11.82% |
| May 02, 2022 | Raymond James | $28.00 | $18.86 | 48.46% | 49.09% |
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 17.15% increase from OCFC last price ($18.78).
OceanFirst Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $19.50 | $19.75 |
| Last Closing Price | $18.78 | $18.78 | $18.78 |
| Upside/Downside | -100.00% | 3.83% | 5.17% |
In the current month, the average price target of OceanFirst Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to OceanFirst Financial's last price of $18.78. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 | $115.38M | $112.37M | $108.22M | $103.76M | $105.13M | $102.42M | $98.65M | $95.05M | $94.95M | $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 | $116.98M | $113.93M | $109.72M | $105.20M | $106.59M | $103.84M | $100.02M | $96.60M | $96.29M | $92.93M | $94.77M | $95.67M | $98.57M | $102.57M | $103.75M | $118.10M | $112.71M | $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 | $114.28M | $111.30M | $107.18M | $102.77M | $104.13M | $101.44M | $97.71M | $93.93M | $94.25M | $92.86M | $94.77M | $95.67M | $94.59M | $100.20M | $101.35M | $115.37M | $110.10M | $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 | $37.03M | $36.06M | $34.73M | $33.30M | $33.74M | $32.87M | $31.66M | $30.50M | $30.47M | $29.81M | $30.41M | $50.30M | $31.08M | $32.47M | $32.84M | $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 | $37.54M | $36.56M | $35.21M | $33.76M | $34.21M | $33.32M | $32.10M | $31.00M | $30.90M | $29.82M | $30.41M | $60.36M | $31.63M | $32.92M | $33.29M | $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 | $36.67M | $35.72M | $34.40M | $32.98M | $33.42M | $32.55M | $31.36M | $30.14M | $30.24M | $29.80M | $30.41M | $40.24M | $30.36M | $32.16M | $32.53M | $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% | 1.15% | 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 $31.08M, with a high of $31.63M and a low of $30.36M. This is 10.55% 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 | $32.53M | $30.41M | $27.55M | $25.38M | $26.24M | $24.40M | $22.17M | $20.54M | $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 | $33.12M | $30.96M | $28.05M | $25.84M | $26.71M | $24.84M | $22.57M | $22.25M | $23.37M | $22.17M | $24.65M | $34.96M | $26.44M | $20.86M | $27.78M | $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 | $32.13M | $30.04M | $27.21M | $25.06M | $25.91M | $24.10M | $21.89M | $19.40M | $19.28M | $22.13M | $24.63M | $23.31M | $23.00M | $20.24M | $26.95M | $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 | $43.97M | $42.82M | $41.24M | $39.54M | $40.07M | $39.03M | $37.60M | $36.22M | $36.19M | $35.40M | $36.12M | $44.04M | $36.91M | $38.55M | $39.00M | $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 | $44.58M | $43.42M | $41.81M | $40.09M | $40.62M | $39.57M | $38.12M | $36.81M | $36.70M | $35.41M | $36.12M | $52.85M | $37.56M | $39.09M | $39.54M | $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 | $43.55M | $42.41M | $40.85M | $39.17M | $39.68M | $38.66M | $37.24M | $35.80M | $35.92M | $35.39M | $36.12M | $35.23M | $36.05M | $38.19M | $38.62M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.97% | 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 $36.91M, based on 5 Wall Street analysts, with a range of $36.05M to $37.56M. The forecast indicates a -6.03% 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 | $0.56 | $0.52 | $0.47 | $0.44 | $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 | $0.57 | $0.53 | $0.48 | $0.44 | $0.46 | $0.43 | $0.39 | $0.38 | $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 | $0.55 | $0.52 | $0.47 | $0.43 | $0.45 | $0.41 | $0.38 | $0.33 | $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 |
|---|---|---|---|---|---|
| FFIC | Flushing Financial | $14.98 | $16.75 | 11.82% | Buy |
| DCOM | Dime Community Bancshares | $33.96 | $35.00 | 3.06% | Strong Buy |
| OCFC | OceanFirst Financial | $18.81 | $19.33 | 2.76% | Hold |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| PGC | Peapack-Gladstone Financial | $34.75 | $35.00 | 0.72% | Buy |