OceanFirst Financial Corp. (NASDAQ:OCFC) Given Average Recommendation of “Hold” by Brokerages

Posted by Brenda Bartman on Jun 7th, 2026

Shares of OceanFirst Financial Corp. (NASDAQ:OCFC – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.6667.

A number of research analysts have weighed in on the stock. DA Davidson boosted their target price on shares of OceanFirst Financial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c)” rating on shares of OceanFirst Financial in a research report on Tuesday, April 21st.

Get Our Latest Report on OceanFirst Financial

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OCFC. T. Rowe Price Investment Management Inc. bought a new position in shares of OceanFirst Financial during the 4th quarter worth about $38,976,000. Wellington Management Group LLP increased its holdings in shares of OceanFirst Financial by 97.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,388,304 shares of the savings and loans company’s stock worth $41,963,000 after purchasing an additional 1,181,553 shares during the period. Kestrel Investment Management Corp bought a new position in shares of OceanFirst Financial during the 3rd quarter worth about $3,587,000. Royce & Associates LP increased its holdings in shares of OceanFirst Financial by 13.0% during the 3rd quarter. Royce & Associates LP now owns 1,662,653 shares of the savings and loans company’s stock worth $29,213,000 after purchasing an additional 191,383 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of OceanFirst Financial by 15.1% during the 1st quarter. Systematic Financial Management LP now owns 1,383,588 shares of the savings and loans company’s stock worth $24,960,000 after purchasing an additional 181,557 shares during the period. Institutional investors own 70.98% of the company’s stock.

OceanFirst Financial Stock Up 1.9%

OceanFirst Financial stock opened at $18.14 on Friday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 15.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. OceanFirst Financial has a fifty-two week low of $16.09 and a fifty-two week high of $20.61. The firm has a fifty day moving average price of $18.59 and a two-hundred day moving average price of $18.68.

OceanFirst Financial (NASDAQ:OCFC – Get Free Report) last released its earnings results on Thursday, April 23rd. The savings and loans company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $103.20 million during the quarter, compared to analyst estimates of $143.25 million. OceanFirst Financial had a net margin of 10.04% and a return on equity of 5.35%. As a group, analysts forecast that OceanFirst Financial will post 1.87 earnings per share for the current year.

OceanFirst Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. OceanFirst Financial’s payout ratio is currently 68.38%.

OceanFirst Financial Company Profile

(Get Free Report)

OceanFirst Financial Corporation (NASDAQ: OCFC) is a bank holding company headquartered in Toms River, New Jersey, that provides a full range of community banking and financial services through its principal subsidiary, OceanFirst Bank. Established in the early 20th century, the company has built its business around serving the deposit, lending and wealth management needs of individuals, small businesses, municipalities and nonprofit organizations across New Jersey and portions of New York.

The company’s core activities include accepting consumer and business deposits, making commercial, municipal and consumer loans, and offering residential mortgage financing.