OceanFirst Financial Corp. (OCFC)
NASDAQ: OCFC · IEX Real-Time Price · USD
15.18
+0.59 (4.04%)
At close: Apr 19, 2024, 4:00 PM
15.15
-0.03 (-0.20%)
After-hours: Apr 19, 2024, 5:43 PM EDT

OceanFirst Financial Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for OCFC stock have an average target of 19.6, with a low estimate of 15 and a high estimate of 24. The average target predicts an increase of 29.12% from the current stock price of 15.18.

Analyst Consensus: Hold
Target Low Average Median High
Price $15 $19.6 $20 $24
Change -1.19% +29.12% +31.75% +58.10%

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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 000000
Buy 112222
Hold 333333
Sell 000000
Strong Sell 000000
Total 445555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stephens & Co.
Stephens & Co.
Hold
Reiterates
$20
Hold Reiterates $20 +31.75% Apr 19, 2024
Raymond James
Raymond James
Buy
Maintains
$21$22
Buy Maintains $21$22 +44.93% Jan 22, 2024
Raymond James
Raymond James
Buy
Upgrades
$21
Buy Upgrades $21 +38.34% Jan 5, 2024
Piper Sandler
Piper Sandler
Hold
Maintains
$17$15
Hold Maintains $17$15 -1.19% Oct 23, 2023
DA Davidson
DA Davidson
Hold
Downgrades
$21$17
Hold Downgrades $21$17 +11.99% Sep 18, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
359.02M
from 385.68M
Decreased by -6.91%
Revenue Next Year
406.05M
from 359.02M
Increased by 13.10%
EPS This Year
1.79
from 1.70
Increased by 5.43%
EPS Next Year
2.15
from 1.79
Increased by 20.08%
Year 2019202020212022202320242025
Revenue
296.50M327.47M369.10M428.80M385.68M359.02M406.05M
Revenue Growth
9.07%10.45%12.71%16.17%-10.06%-6.91%13.10%
EPS
1.751.021.782.421.701.792.15
EPS Growth
15.89%-41.71%74.51%35.96%-29.75%5.43%20.08%
No. Analysts -----99
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 375.3M 482.3M
Avg 359.0M 406.1M
Low 341.6M 372.4M

Revenue Growth

Revenue Growth 20242025
High
-2.7%
34.3%
Avg
-6.9%
13.1%
Low
-11.4%
3.7%

EPS Forecast

EPS 20242025
High 2.05 2.58
Avg 1.79 2.15
Low 1.63 1.86

EPS Growth

EPS Growth 20242025
High
20.4%
44.1%
Avg
5.4%
20.1%
Low
-4.3%
3.9%
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.