Oceanfirst Financial (OCFC)
NASDAQ:OCFC
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Oceanfirst Financial
(NASDAQ:OCFC)
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Rating:63Neutral
Price Target:
$20.50
▲(6.66% Upside)
Action:ReiteratedDate:04/27/26
Overall score reflects moderate financial quality with recent profitability/growth headwinds and higher leverage, partially offset by a positive technical trend, supportive valuation (moderate P/E and strong yield), and an earnings call that emphasized improving NII/NIM, expense discipline, and solid asset quality.
Positive Factors
Net interest income / NIM momentum
Sustained NII growth and recent NIM expansion demonstrate durable core earnings from lending activities. Consistent loan origination and lower deposit costs underpin recurring interest income, improving cash generation and supporting dividends and reinvestment across the next several quarters.
Negative Factors
Rising leverage
Higher leverage reduces capital flexibility and increases sensitivity to funding-cost shifts and provisioning needs. With ROE compressed, incremental earnings must outpace added balance-sheet risk to restore capital efficiency, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Net interest income / NIM momentum
Sustained NII growth and recent NIM expansion demonstrate durable core earnings from lending activities. Consistent loan origination and lower deposit costs underpin recurring interest income, improving cash generation and supporting dividends and reinvestment across the next several quarters.
Read all positive factors
Oceanfirst Financial (OCFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.09B
Dividend Yield4.05%
Average Volume (3M)329.98K
Price to Earnings (P/E)12.5
Beta (1Y)1.02
Revenue Growth1.98%
EPS Growth-23.22%
CountryUS
Employees975
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.43
Shares Outstanding57,600,067
10 Day Avg. Volume457,239
30 Day Avg. Volume329,978
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)0.62
Price to Sales (P/S)1.57
P/FCF Ratio12.96
Enterprise Value/Market Cap2.25
Enterprise Value/Revenue3.71
Enterprise Value/Gross Profit6.77
Enterprise Value/Ebitda23.73
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.91
Revenue Forecast (FY)$610.96M
Oceanfirst Financial Business Overview & Revenue Model
Company Description
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand ...
How the Company Makes Money
OceanFirst Financial primarily makes money through traditional banking activities. The largest driver is typically net interest income: the bank earns interest and fees on loans and other interest-earning assets and pays interest on deposits and o...
Oceanfirst Financial Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive outlook driven by solid core earnings growth (core EPS +23% YoY), sustained net interest income momentum (+11% YoY), strong loan originations ($429M) and deposit growth, disciplined expense control (core expenses down 3% QoQ), and robust asset quality metrics. Strategic initiatives — outsourcing of residential lending, IT restructuring and AI investment — were highlighted as near-term efficiency drivers. Lowlights were limited and contained: a single commercial relationship drove an uptick in criticized loans, competitive pressure weighed on loan yields, noninterest income was modestly reduced by a lower gain on sale and swap income, and merger-related costs and the final Federal Reserve approval for the Flushing transaction remain execution risks. Overall, the positives outweigh the negatives, supporting a constructive sentiment toward the business trajectory.Positive Updates
Earnings Per Share Growth
GAAP EPS of $0.36 and core EPS of $0.43; GAAP EPS increased $0.01 QoQ and core EPS increased $0.08 YoY (23% increase vs prior year quarter).
Negative Updates
Increase in Criticized/Classified Loans
Criticized and classified loans increased during the quarter driven primarily by a single large commercial relationship; this increase contributed to the quarterly provision despite remaining at low historical levels.
Read all updates
Q1-2026 Updates
Positive
Negative
Earnings Per Share Growth
GAAP EPS of $0.36 and core EPS of $0.43; GAAP EPS increased $0.01 QoQ and core EPS increased $0.08 YoY (23% increase vs prior year quarter).
Read all positive updates
Company Guidance
Management reiterated standalone 2026 guidance calling for mid‑ to high‑single‑digit loan and deposit growth, positive net interest income expansion with net interest margin moving past 3% in the back half of the year, other income of $7–9 million per quarter, core operating expenses stable at $70–71 million per quarter (Q2 core run‑rate expected $70–71M), an estimated CET1 ratio of 10.7%, tangible book value per share of $19.86, an effective tax rate of 23%–25% (Q1 was 24%), and a quarterly cash dividend of $0.20; management also removed the modest impact of further Fed cuts (under about $0.5M on the year) from the outlook and noted these expectations exclude the Flushing acquisition (with a pro forma update planned with Q2 results).Oceanfirst Financial Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 655.60M | 687.95M | 636.96M | 485.30M | 388.84M |
| Gross Profit | 357.19M | 372.12M | 381.04M | 423.83M | 363.92M |
| EBITDA | 93.27M | 145.20M | 153.17M | 210.40M | 157.12M |
| Net Income | 70.98M | 100.06M | 104.03M | 146.60M | 110.08M |
Balance Sheet | |||||
| Total Assets | 14.56B | 13.42B | 13.54B | 13.10B | 11.74B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37B | 951.12M | 907.61M | 625.59M | 773.20M |
| Total Debt | 1.63B | 1.26B | 1.05B | 1.48B | 349.81M |
| Total Liabilities | 12.90B | 11.72B | 11.88B | 11.52B | 10.22B |
| Stockholders Equity | 1.66B | 1.70B | 1.66B | 1.58B | 1.52B |
Cash Flow | |||||
| Free Cash Flow | 79.51M | 84.68M | 116.55M | 229.55M | 117.93M |
| Operating Cash Flow | 87.21M | 92.24M | 124.26M | 250.45M | 159.97M |
| Investing Cash Flow | -1.18B | 106.40M | -488.00M | -1.32B | -1.48B |
| Financing Cash Flow | 1.10B | -228.75M | 349.47M | 1.01B | 223.99M |
Oceanfirst Financial Technical Analysis
Positive
19.22
Price Trends
18.53
Positive
18.64
Positive
18.10
Positive
Market Momentum
0.24
Negative
62.70
Neutral
70.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OCFC, the sentiment is Positive. The current price of 19.22 is above the 20-day moving average (MA) of 18.32, above the 50-day MA of 18.53, and above the 200-day MA of 18.10, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 62.70 is Neutral, neither overbought nor oversold. The STOCH value of 70.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OCFC.
Oceanfirst Financial Risk Analysis
Oceanfirst Financial disclosed 34 risk factors in its most recent earnings report. Oceanfirst Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oceanfirst Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.21B | 10.77 | 19.50% | 3.39% | -12.54% | 126.82% | |
77 Outperform | $1.18B | 10.08 | 12.27% | 3.44% | 8.59% | 19.55% | |
75 Outperform | $1.22B | 9.95 | 9.37% | 5.30% | 0.38% | -1.41% | |
75 Outperform | $1.57B | 11.76 | 8.43% | ― | 5.47% | 9.55% | |
74 Outperform | $1.06B | 10.38 | 10.20% | 1.24% | 26.29% | -8.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $1.09B | 12.55 | 4.22% | 4.05% | 1.98% | -23.22% |
* Financial Sector Average
OCFC
Oceanfirst Financial
18.88
3.23
20.62%
OSBC
Old Second Bancorp
20.51
4.89
31.30%
PEBO
Peoples Bancorp
34.03
6.59
24.00%
TMP
Tompkins Financial Corporation
83.61
26.22
45.68%
CTBI
Community Bancorp
65.05
17.83
37.77%
FSUN
FirstSun Capital Bancorp
35.48
0.49
1.40%
Oceanfirst Financial Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
OceanFirst Wins Fed Approval for Flushing Merger Completion
Positive
Apr 27, 2026
On April 27, 2026, OceanFirst Financial Corp. and Flushing Financial Corporation reported that the U.S. Federal Reserve approved their merger on April 24, 2026, following earlier clearances from New York State regulators and the Office of the Comp...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
OceanFirst Financial Posts Solid Q1 2026 Earnings Improvement
Positive
Apr 23, 2026
OceanFirst Financial Corp. reported first-quarter 2026 net income available to common stockholders of $20.5 million, or $0.36 per diluted share, flat versus a year earlier but up from $13.1 million, or $0.23, in the fourth quarter of 2025. Core ea...
Dividends
OceanFirst Financial Declares Regular Quarterly Cash Dividend
Positive
Apr 15, 2026
On April 15, 2026, OceanFirst Financial Corp. announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on its common stock. The dividend is scheduled to be paid on May 8, 2026, to shareholders of record a...
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
OceanFirst Shareholders Advance Flushing Merger, Reject Warburg Exemption
Positive
Apr 7, 2026
At a special meeting held on April 6, 2026, OceanFirst stockholders approved the issuance of OceanFirst common stock and related securities to Flushing shareholders and Warburg Pincus affiliates as required for the pending merger, with 42,020,260 ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
OceanFirst updates investors amid proposed Flushing merger risks
Neutral
Jan 29, 2026
In January 2026, OceanFirst Financial Corp. prepared an investor presentation, tied to its fourth-quarter 2025 results, to be used in meetings with current and prospective investors after January 29, 2026 and to be posted on its website, offering ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.