OceanFirst Financial

OCFC · NASDAQ

$16.09+$0.47 (+3.01%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $15.62

OCFC analyst rating

BuyConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy1
Buy0
Hold2
Underperform0
Sell0

12-month price target · 8 analysts

Average $22.69 (+41.0% upside)

Low: $21.21
Now: $16.09
High: $26.25

Upgrades and downgrades

The latest rating actions, newest first

OCFC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 6, 2026	Maintains	Neutral	$21.00 → $18.00	46%
Piper Sandler	Aug 5, 2026	Maintains	Neutral	$19.00 → $21.00	46%
DA Davidson	Apr 28, 2026	Maintains	Neutral	$19.00 → $20.00	61%
Raymond James	Oct 27, 2025	Maintains	Strong Buy	$21.00 → $23.00	54%
DA Davidson	Oct 27, 2025	Initiates	Neutral	$18.50 → $19.00	61%

The case for and against

Updated Apr 17, 2026

Bull case

OceanFirst Financial Corp demonstrated a strong financial performance with a core fee income increase of 7% quarter-over-quarter to $12.3 million and a solid core pre-provision net revenue (PPNR) growth of 12%, reaching $31 million, exceeding expectations. The bank's net interest income (NII) rose by $3 million to $90.7 million, indicating robust revenue growth, and the company projects high-single digit NII growth along with an anticipated net interest margin of approximately 3.00% or higher in the first half of 2026. Furthermore, loan growth of 3.7% quarter-over-quarter, driven by strengths in commercial and industrial loans and various commercial real estate segments, supports a positive outlook for continued expansion in the bank's lending activities.

Bear case

OceanFirst Financial faces a negative outlook due to a projected decline in net interest margin (NIM), driven by net deposit growth targets that exceed current rates, which raises concerns about future profitability. Additionally, the company's core earnings per share (EPS) forecast has been downgraded, attributed to lower fee income from outsourcing and anticipated modest contractions in NIM, indicating potential challenges in revenue generation. Furthermore, macroeconomic risks, including rising unemployment and a weakening housing market in New Jersey, pose substantial threats to the credit quality of OceanFirst’s customer base, which may lead to accelerated credit losses and further pressure on financial performance.

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