12 Month Price Forecast For OCFC
Distance to OCFC Price Forecasts
OCFC Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 4:26 AM UTC
OCFC Analyst Ratings & Price Targets
Based on our analysis of 9 Wall Street analysts, OCFC has a consensus that is neutral. The median price target is $22.50, with forecasts ranging from $19.00 to $24.00. Currently, there are 3 Buy ratings, 3 Hold ratings, and 0 Sell ratings.
With OCFC currently trading at $19.00, the median price forecast suggests a 18.4% upside. The most optimistic forecast comes from Michael Perito at Keefe, Bruyette & Woods, projecting a 26.3% upside, while Timothy Switzer at Keefe, Bruyette & Woods provides the most conservative target, suggesting a 0.0% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
OCFC Analyst Consensus
OCFC Price Target Range
Latest OCFC Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for OCFC.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 4, 2024 | Keefe, Bruyette & Woods | Timothy Switzer | Market Perform | Maintains | $22.00 |
| Dec 4, 2024 | DA Davidson | Manuel Navas | Neutral | Maintains | $22.00 |
| Nov 18, 2024 | DA Davidson | Manuel Navas | Neutral | Maintains | $22.00 |
| May 31, 2024 | Keefe, Bruyette & Woods | Timothy Switzer | Market Perform | Downgrade | $18.00 |
| Apr 22, 2024 | Keefe, Bruyette & Woods | Timothy Switzer | Outperform | Reiterates | $19.00 |
| Apr 22, 2024 | Raymond James | Daniel Tamayo | Outperform | Maintains | $20.00 |
| Apr 19, 2024 | Stephens & Co. | Matt Breese | Equal-Weight | Reiterates | $20.00 |
| Jan 22, 2024 | Raymond James | Daniel Tamayo | Outperform | Maintains | $22.00 |
| Jan 5, 2024 | Raymond James | Daniel Tamayo | Outperform | Upgrade | $21.00 |
| Oct 23, 2023 | Piper Sandler | Frank Schiraldi | Neutral | Maintains | $15.00 |
| Sep 18, 2023 | DA Davidson | Manuel Navas | Neutral | Downgrade | $17.00 |
| Jul 21, 2023 | Stephens & Co. | Equal-Weight | Reiterates | $0.00 | |
| Apr 24, 2023 | Keefe, Bruyette & Woods | Michael Perito | Outperform | Maintains | $24.00 |
| Apr 24, 2023 | DA Davidson | Manuel Navas | Buy | Maintains | $20.00 |
| Apr 21, 2023 | Stephens & Co. | Matt Breese | Equal-Weight | Reiterates | $23.00 |
| Apr 6, 2023 | Keefe, Bruyette & Woods | Michael Perito | Outperform | Maintains | $26.00 |
| Dec 12, 2022 | Piper Sandler | Frank Schiraldi | Neutral | Downgrade | $25.00 |
| May 12, 2022 | Stephens & Co. | Matt Breese | Equal-Weight | Maintains | $24.00 |
| May 2, 2022 | Raymond James | William Wallace | Strong Buy | Maintains | $28.00 |
| Nov 10, 2021 | Stephens & Co. | Equal-Weight | Downgrade | $0.00 |
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OceanFirst Financial Corp (OCFC) Financial Data
OceanFirst Financial Corp has a market capitalization of $1.12B with a P/E ratio of 10.9x. The company generates $380.97M in trailing twelve-month revenue with a 27.8% profit margin.
Revenue growth is +5.4% quarter-over-quarter, while maintaining an operating margin of +39.2% and return on equity of +6.4%.
Valuation Metrics
Growth & Margins
Financial Health
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OceanFirst Financial Corp (OCFC) Company Overview
About OceanFirst Financial Corp
Provides community banking services to customers.
OceanFirst Financial Corp. operates as a bank holding company, generating revenue through a variety of banking services, including accepting deposits and offering loans to both retail and commercial clients. The company earns interest income from loans, as well as fees from various banking services such as asset management and trust services.
Founded in 1902 and based in Red Bank, New Jersey, OceanFirst Financial Corp. has a diverse portfolio that includes mortgage-backed securities and corporate securities. The company serves a wide range of customers, including individuals, businesses, and government entities, positioning itself as a comprehensive financial services provider.
Company Information
Sector
Financial Services
Industry
Banks - Regional
Employees
878
CEO
Mr. Christopher D. Maher
Country
United States
IPO Year
1996
Website
www.oceanfirst.comOceanFirst Financial Corp (OCFC) Latest News & Analysis
OceanFirst Financial Corp. declared a quarterly cash dividend of $0.4375 per share on its Series A Preferred Stock, payable on February 17, 2025, to stockholders of record as of January 31, 2025.
OceanFirst Financial's dividend declaration signals financial stability and potential shareholder returns, which can enhance investor confidence and influence stock price movements.
Analysts project OceanFirst (OCFC) will meet top and bottom-line estimates for Q4 2024, with key metrics indicating potential business performance insights.
Evaluating OceanFirst's key metrics offers insights into operational efficiency and growth potential, impacting future earnings forecasts and investment decisions.
OceanFirst Financial Corp. (NASDAQ:OCFC) will release its Q4 2024 earnings on January 23, 2025, after market close, followed by a conference call on January 24 at 11:00 a.m. ET.
The upcoming earnings release and conference call will provide insights into OceanFirst Financial's performance, influencing stock valuation and investor sentiment.
OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody's Investment Grade Ratings
2 months agoOceanFirst Bank N.A. has been assigned Deposit Ratings of A3/Prime-2, while OceanFirst Financial Corp. received an Issuer Rating of Baa3.
The ratings indicate OceanFirst Bank's creditworthiness and financial stability, influencing investor confidence and potential investment decisions. Higher ratings typically lead to lower borrowing costs.
OceanFirst Financial Corp. will hold its Q3 2024 earnings conference call on October 18, 2024, at 11:00 AM ET, featuring key executives and analysts from various firms.
The earnings call provides insights into OceanFirst's financial performance and future outlook, influencing investor sentiment and stock valuation. Key executives' comments can signal strategic direction.
OceanFirst Financial Corp. reported Q3 2024 net income of $24.1M ($0.42/share), up from $19.7M ($0.33/share) YoY. YTD net income reached $75.1M ($1.29/share), an increase from $73.3M ($1.24/share) YoY.
OceanFirst Financial's net income growth and improved earnings per share reflect strong financial performance, potentially increasing investor confidence and stock demand.
Frequently Asked Questions About OCFC Stock
What is OceanFirst Financial Corp's (OCFC) stock forecast for 2025?
Based on our analysis of 9 Wall Street analysts, OceanFirst Financial Corp (OCFC) has a median price target of $22.50. The highest price target is $24.00 and the lowest is $19.00.
Is OCFC stock a good investment in 2025?
According to current analyst ratings, OCFC has 3 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $19.00. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for OCFC stock?
Wall Street analysts predict OCFC stock could reach $22.50 in the next 12 months. This represents a 18.4% increase from the current price of $19.00. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is OceanFirst Financial Corp's business model?
OceanFirst Financial Corp. operates as a bank holding company, generating revenue through a variety of banking services, including accepting deposits and offering loans to both retail and commercial clients. The company earns interest income from loans, as well as fees from various banking services such as asset management and trust services.
What is the highest forecasted price for OCFC OceanFirst Financial Corp?
The highest price target for OCFC is $24.00 from Michael Perito at Keefe, Bruyette & Woods, which represents a 26.3% increase from the current price of $19.00.
What is the lowest forecasted price for OCFC OceanFirst Financial Corp?
The lowest price target for OCFC is $19.00 from Timothy Switzer at Keefe, Bruyette & Woods, which represents a 0.0% decrease from the current price of $19.00.
What is the overall OCFC consensus from analysts for OceanFirst Financial Corp?
The overall analyst consensus for OCFC is neutral. Out of 9 Wall Street analysts, 3 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $22.50.
How accurate are OCFC stock price projections?
Stock price projections, including those for OceanFirst Financial Corp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
