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OceanFirst Financial Corp has a consensus price target of $20.29 based on the ratings of 7 analysts. The high is $28 issued by Raymond James on May 2, 2022. The low is $15 issued by Piper Sandler on October 23, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, Raymond James, and Keefe, Bruyette & Woods on May 31, 2024, April 22, 2024, and April 22, 2024, respectively. With an average price target of $19 between Keefe, Bruyette & Woods, Raymond James, and Keefe, Bruyette & Woods, there's an implied -7.27% downside for OceanFirst Financial Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for OceanFirst Financial (NASDAQ:OCFC) was reported by Keefe, Bruyette & Woods on May 31, 2024. The analyst firm set a price target for $18.00 expecting OCFC to fall to within 12 months (a possible -12.15% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for OceanFirst Financial (NASDAQ:OCFC) was provided by Keefe, Bruyette & Woods, and OceanFirst Financial downgraded their market perform rating.
The last upgrade for OceanFirst Financial Corp happened on January 5, 2024 when Raymond James raised their price target to $21. Raymond James previously had a market perform for OceanFirst Financial Corp.
The last downgrade for OceanFirst Financial Corp happened on May 31, 2024 when Keefe, Bruyette & Woods changed their price target from $19 to $18 for OceanFirst Financial Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of OceanFirst Financial, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for OceanFirst Financial was filed on May 31, 2024 so you should expect the next rating to be made available sometime around May 31, 2025.
While ratings are subjective and will change, the latest OceanFirst Financial (OCFC) rating was a downgraded with a price target of $19.00 to $18.00. The current price OceanFirst Financial (OCFC) is trading at is $20.49, which is out of the analyst’s predicted range.
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