OceanFirst Financial Corp. (OCFC)
NASDAQ: OCFC · IEX Real-Time Price · USD
17.41
-0.87 (-4.76%)
At close: Jul 19, 2024, 4:00 PM
17.33
-0.08 (-0.46%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
OceanFirst Financial Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for OCFC stock have an average target of 18, with a low estimate of 15 and a high estimate of 20. The average target predicts an increase of 3.39% from the current stock price of 17.41.
Analyst Consensus: Hold
* Price targets were last updated on May 31, 2024.
Analyst Ratings
The average analyst rating for OCFC stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 3 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 6 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy → Hold Downgrades $19 → $18 | Buy → Hold | Downgrades | $19 → $18 | +3.39% | May 31, 2024 |
| Raymond James | Raymond James | Buy Maintains $22 → $20 | Buy | Maintains | $22 → $20 | +14.88% | Apr 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $22 → $19 | Buy | Reiterates | $22 → $19 | +9.13% | Apr 22, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $20 | Hold | Reiterates | $20 | +14.88% | Apr 19, 2024 |
| Raymond James | Raymond James | Buy Maintains $21 → $22 | Buy | Maintains | $21 → $22 | +26.36% | Jan 22, 2024 |
Financial Forecast
Revenue This Year
354.13M
from 385.68M
Decreased by -8.18%
Revenue Next Year
379.42M
from 354.13M
Increased by 7.14%
EPS This Year
1.76
from 1.70
Increased by 3.53%
EPS Next Year
1.97
from 1.76
Increased by 11.73%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 368.6M | 405.0M |
| Avg | 354.1M | 379.4M |
| Low | 336.1M | 349.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -4.4% | 14.4% |
| Avg | -8.2% | 7.1% |
| Low | -12.8% | -1.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.89 | 2.21 | 2.31 |
| Avg | 1.76 | 1.97 | 2.24 |
| Low | 1.57 | 1.65 | 2.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.1% | 25.3% | 17.5% |
| Avg | 3.5% | 11.7% | 14.1% |
| Low | -7.8% | -6.5% | 9.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.