OceanFirst Financial Corp. (OCFC)
NASDAQ: OCFC · IEX Real-Time Price · USD
15.10
+0.34 (2.30%)
May 1, 2024, 4:00 PM EDT - Market closed
OceanFirst Financial Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for OCFC stock have an average target of 19.17, with a low estimate of 15 and a high estimate of 24. The average target predicts an increase of 26.95% from the current stock price of 15.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for OCFC stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 2 | 2 | 2 | 3 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Maintains $22 → $20 | Buy | Maintains | $22 → $20 | +32.45% | Apr 22, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $22 → $19 | Buy | Reiterates | $22 → $19 | +25.83% | Apr 22, 2024 |
| Stephens & Co. | Stephens & Co. | Hold Reiterates $20 | Hold | Reiterates | $20 | +32.45% | Apr 19, 2024 |
| Raymond James | Raymond James | Buy Maintains $21 → $22 | Buy | Maintains | $21 → $22 | +45.70% | Jan 22, 2024 |
| Raymond James | Raymond James | Hold → Buy Upgrades $21 | Hold → Buy | Upgrades | $21 | +39.07% | Jan 5, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 375.3M | 482.3M |
| Avg | 359.0M | 406.1M |
| Low | 341.6M | 372.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -2.7% | 34.3% |
| Avg | -6.9% | 13.1% |
| Low | -11.4% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.05 | 2.58 |
| Avg | 1.79 | 2.15 |
| Low | 1.63 | 1.86 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| 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.