OceanFirst Financial (OCFC) Stock Forecast, Price Target & Predictions
OCFC Stock Forecast
OceanFirst Financial stock forecast is as follows: an average price target of $20.00 (represents a 13.12% upside from OCFC’s last price of $17.68) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
OCFC Price Target
The average price target for OceanFirst Financial (OCFC) is $20.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $19.00. This represents a potential 13.12% upside from OCFC's last price of $17.68.
OCFC Analyst Ratings
According to 2 Wall Street analysts, OceanFirst Financial's rating consensus is 'Hold'. The analyst rating breakdown for OCFC stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 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 |
|---|---|---|---|---|---|---|
| Jul 22, 2024 | Manuel Navas | D.A. Davidson | $19.00 | $17.47 | 8.76% | 7.47% |
| Jan 05, 2024 | Daniel Tamayo | Raymond James | $21.00 | $17.23 | 21.88% | 18.78% |
| May 02, 2022 | - | Raymond James | $28.00 | $18.86 | 48.46% | 58.37% |
The latest OceanFirst Financial stock forecast, released on Jul 22, 2024 by Manuel Navas from D.A. Davidson, set a price target of $19.00, which represents a 8.76% increase from the stock price at the time of the forecast ($17.47), and a 7.47% increase from OCFC last price ($17.68).
OceanFirst Financial Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $19.00 | $20.00 |
| Last Closing Price | $17.68 | $17.68 | $17.68 |
| Upside/Downside | -100.00% | 7.47% | 13.12% |
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 $17.68. 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 |
|---|---|---|---|---|
| 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 May 31, 2024. The company gave OCFC a "Underperform" 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 | Jul 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 | - | $92.10M | $88.83M | $85.68M | $84.52M | $93.07M | $102.71M | $83.58M | $88.81M | $92.07M | $73.03M | $73.30M |
| Avg Forecast | $286.51M | $272.00M | $258.23M | $245.16M | $104.03M | $100.99M | $97.33M | $93.97M | $93.70M | $92.83M | $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 | $291.68M | $276.92M | $262.90M | $249.59M | $105.91M | $102.81M | $99.09M | $95.67M | $95.39M | $93.85M | $96.48M | $97.39M | $98.57M | $102.99M | $104.18M | $118.59M | $113.17M | $115.09M | $105.53M | $94.33M | $91.97M | $88.40M | $88.72M | $90.74M | $92.30M | $93.87M | $92.34M | $89.03M | $75.03M | $75.63M |
| Low Forecast | $282.75M | $268.44M | $254.85M | $241.94M | $102.66M | $99.66M | $96.06M | $92.74M | $92.47M | $91.37M | $93.52M | $94.41M | $94.59M | $99.84M | $100.99M | $114.96M | $109.71M | $111.57M | $105.53M | $92.22M | $89.92M | $86.43M | $86.75M | $88.72M | $90.24M | $91.77M | $90.28M | $87.05M | $73.36M | $73.94M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 7 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.98% | 0.86% | 1.19% | 0.97% | - | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 7 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $28.11M | $37.79M | $77.80M | $95.57M | $63.42M | - | $44.47M | $39.16M | $43.25M | $53.30M | $58.10M | $61.88M | $12.26M | $45.36M | $42.84M | $43.27M | $47.76M |
| Avg Forecast | $91.17M | $86.55M | $82.17M | $78.01M | $33.10M | $32.14M | $30.97M | $29.90M | $29.82M | $29.54M | $30.16M | $50.30M | $30.82M | $32.19M | $32.56M | $45.73M | $35.37M | $41.63M | $33.58M | $41.57M | $35.60M | $37.84M | $45.86M | $52.29M | $60.25M | $24.75M | $44.06M | $37.49M | $44.90M | $44.95M |
| High Forecast | $92.82M | $88.12M | $83.66M | $79.42M | $33.70M | $32.72M | $31.53M | $30.44M | $30.35M | $29.86M | $30.70M | $60.36M | $31.37M | $32.77M | $33.15M | $54.87M | $36.01M | $49.95M | $33.58M | $49.89M | $42.72M | $45.41M | $55.03M | $62.75M | $72.30M | $29.70M | $52.87M | $44.99M | $53.88M | $53.94M |
| Low Forecast | $89.97M | $85.42M | $81.09M | $76.99M | $32.67M | $31.71M | $30.57M | $29.51M | $29.43M | $29.07M | $29.76M | $40.24M | $30.10M | $31.77M | $32.13M | $36.58M | $34.91M | $33.30M | $33.58M | $33.26M | $28.48M | $30.27M | $36.69M | $41.84M | $48.20M | $19.80M | $35.25M | $29.99M | $35.92M | $35.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.16% | 1.70% | 2.70% | 1.52% | - | 1.07% | 1.10% | 1.14% | 1.16% | 1.11% | 1.03% | 0.50% | 1.03% | 1.14% | 0.96% | 1.06% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 7 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.67M | $27.80M | $27.88M | $53.27M | $38.61M | - | $25.76M | $22.66M | $24.17M | $30.55M | $32.70M | $33.06M | $-4.93M | $18.64M | $16.53M | $23.45M | $24.97M |
| Avg Forecast | $32.68M | $32.10M | $30.35M | $28.01M | $28.23M | $26.15M | $23.64M | $22.12M | $21.98M | $22.30M | $24.76M | $29.14M | $24.84M | $20.59M | $27.43M | $26.49M | $36.26M | $23.26M | $32.69M | $24.08M | $20.60M | $21.15M | $26.29M | $29.43M | $32.19M | $-9.95M | $18.11M | $14.47M | $24.33M | $23.50M |
| High Forecast | $33.45M | $32.85M | $31.06M | $28.67M | $28.90M | $26.77M | $24.19M | $22.64M | $22.49M | $22.87M | $25.34M | $34.96M | $26.58M | $21.08M | $28.07M | $31.78M | $37.12M | $27.91M | $32.69M | $28.89M | $24.72M | $25.38M | $31.55M | $35.31M | $38.63M | $-7.96M | $21.73M | $17.36M | $29.20M | $28.20M |
| Low Forecast | $32.12M | $31.55M | $29.83M | $27.53M | $27.75M | $25.71M | $23.23M | $21.74M | $21.60M | $21.72M | $24.34M | $23.31M | $23.11M | $20.24M | $26.96M | $21.19M | $35.65M | $18.61M | $32.69M | $19.26M | $16.48M | $16.92M | $21.03M | $23.54M | $25.76M | $-11.94M | $14.48M | $11.57M | $19.47M | $18.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.05% | 1.47% | 1.66% | - | 1.07% | 1.10% | 1.14% | 1.16% | 1.11% | 1.03% | 0.50% | 1.03% | 1.14% | 0.96% | 1.06% |
OceanFirst Financial's average Quarter net income forecast for Dec 23 is $24.84M, with a range of $23.11M to $26.58M. OCFC's average Quarter net income forecast represents a 20.21% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 7 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.27M | $37.65M | $36.65M | $36.57M | $43.10M | - | $38.94M | $41.13M | $38.05M | $36.04M | $34.70M | $34.44M | $35.70M | $33.97M | $35.50M | $27.73M | $25.53M |
| Avg Forecast | $100.26M | $95.19M | $90.37M | $85.79M | $36.40M | $35.34M | $34.06M | $32.88M | $32.79M | $32.48M | $33.16M | $44.04M | $33.89M | $35.40M | $35.81M | $40.04M | $38.90M | $36.62M | $36.93M | $36.40M | $37.39M | $33.29M | $31.01M | $31.23M | $33.53M | $72.10M | $33.00M | $31.06M | $28.78M | $24.03M |
| High Forecast | $102.07M | $96.91M | $92.00M | $87.34M | $37.06M | $35.98M | $34.68M | $33.48M | $33.38M | $32.84M | $33.76M | $52.85M | $34.49M | $36.04M | $36.46M | $48.04M | $39.61M | $43.95M | $36.93M | $43.68M | $44.87M | $39.95M | $37.21M | $37.47M | $40.24M | $86.53M | $39.60M | $37.27M | $34.53M | $28.84M |
| Low Forecast | $98.95M | $93.94M | $89.18M | $84.67M | $35.93M | $34.88M | $33.62M | $32.45M | $32.36M | $31.97M | $32.73M | $35.23M | $33.10M | $34.94M | $35.34M | $32.03M | $38.39M | $29.30M | $36.93M | $29.12M | $29.91M | $26.63M | $24.81M | $24.98M | $26.83M | $57.68M | $26.40M | $24.85M | $23.02M | $19.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.05% | 0.92% | 0.94% | 1.18% | - | 1.07% | 1.10% | 1.14% | 1.16% | 1.11% | 1.03% | 0.50% | 1.03% | 1.14% | 0.96% | 1.06% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 7 | 7 | 7 | 8 | 7 | 11 | 10 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.33 | $0.45 | $0.46 | $0.89 | $0.64 | - | $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 | $0.55 | $0.52 | $0.48 | $0.48 | $0.45 | $0.41 | $0.38 | $0.38 | $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 | $0.56 | $0.53 | $0.49 | $0.50 | $0.46 | $0.41 | $0.39 | $0.39 | $0.39 | $0.43 | $0.42 | $0.46 | $0.36 | $0.48 | $0.65 | $0.64 | $0.62 | $0.56 | $0.47 | $0.44 | $0.41 | $0.44 | $0.41 | $0.39 | $0.41 | $0.34 | $0.38 | $0.53 | $0.52 |
| Low Forecast | $0.55 | $0.54 | $0.51 | $0.47 | $0.48 | $0.44 | $0.40 | $0.37 | $0.37 | $0.37 | $0.42 | $0.40 | $0.40 | $0.35 | $0.46 | $0.63 | $0.61 | $0.59 | $0.56 | $0.45 | $0.43 | $0.40 | $0.42 | $0.40 | $0.38 | $0.40 | $0.33 | $0.37 | $0.52 | $0.50 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.96% | 0.72% | 1.43% | 1.06% | - | 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
OCFC Forecast FAQ
Is OceanFirst Financial a good buy?
No, according to 2 Wall Street analysts, OceanFirst Financial (OCFC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of OCFC's total ratings.
What is OCFC's price target?
OceanFirst Financial (OCFC) average price target is $20 with a range of $19 to $21, implying a 13.12% from its last price of $17.68. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will OceanFirst Financial stock go up soon?
According to Wall Street analysts' prediction for OCFC stock, the company can go up by 13.12% (from the last price of $17.68 to the average price target of $20), up by 18.78% based on the highest stock price target, and up by 7.47% based on the lowest stock price target.
Can OceanFirst Financial stock reach $30?
OCFC's average twelve months analyst stock price target of $20 does not support the claim that OceanFirst Financial can reach $30 in the near future.
What are OceanFirst Financial's analysts' financial forecasts?
OceanFirst Financial's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $396.32M (high $403.47M, low $391.12M), average EBITDA is $126.11M (high $128.39M, low $124.46M), average net income is $100.14M (high $102.49M, low $98.43M), average SG&A $138.69M (high $141.2M, low $136.87M), and average EPS is $1.72 (high $1.76, low $1.69). OCFC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.06B (high $1.08B, low $1.05B), average EBITDA is $337.91M (high $344.01M, low $333.48M), average net income is $123.13M (high $126.02M, low $121.03M), average SG&A $371.61M (high $378.32M, low $366.74M), and average EPS is $2.11 (high $2.16, low $2.07).
Did the OCFC's actual financial results beat the analysts' financial forecasts?
Based on OceanFirst Financial's last annual report (Dec 2022), the company's revenue was $431.6M, beating the average analysts forecast of $423.14M by 2.00%. Apple's EBITDA was $251.58M, beating the average prediction of $152.15M by 65.35%. The company's net income was $146.6M, beating the average estimation of $116.29M by 26.06%. Apple's SG&A was $142.22M, missing the average forecast of $148.85M by -4.45%. Lastly, the company's EPS was $2.43, beating the average prediction of $2.24 by 8.41%. In terms of the last quarterly report (Sep 2023), OceanFirst Financial's revenue was $100.6M, missing the average analysts' forecast of $101.17M by -0.56%. The company's EBITDA was $28.11M, missing the average prediction of $32.19M by -12.67%. OceanFirst Financial's net income was $20.67M, beating the average estimation of $20.59M by 0.36%. The company's SG&A was $39.27M, beating the average forecast of $35.4M by 10.93%. Lastly, the company's EPS was $0.33, missing the average prediction of $0.353 by -6.48%