OceanFirst Financial (NASDAQ:OCFC) Rating Increased to Hold at Piper Sandler

Posted by Brian Himes on Jun 13th, 2026

Piper Sandler upgraded shares of OceanFirst Financial (NASDAQ:OCFC – Free Report) to a hold rating in a research report released on Friday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of OceanFirst Financial in a research note on Tuesday, April 21st. DA Davidson increased their price target on OceanFirst Financial from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, OceanFirst Financial currently has an average rating of “Hold” and an average target price of $21.00.

View Our Latest Analysis on OceanFirst Financial

OceanFirst Financial Trading Up 1.1%

Shares of OceanFirst Financial stock opened at $18.60 on Friday. OceanFirst Financial has a 12-month low of $16.09 and a 12-month high of $20.61. The stock has a market cap of $1.07 billion, a P/E ratio of 15.90 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $18.64 and its 200-day moving average is $18.71.

OceanFirst Financial (NASDAQ:OCFC – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The savings and loans company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. OceanFirst Financial had a return on equity of 5.35% and a net margin of 10.04%.The company had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $143.25 million. Equities research analysts predict that OceanFirst Financial will post 1.87 earnings per share for the current fiscal year.

OceanFirst Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, April 27th. OceanFirst Financial’s dividend payout ratio is 68.38%.

Institutional Investors Weigh In On OceanFirst Financial

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in OceanFirst Financial by 1.3% in the 1st quarter. Royal Bank of Canada now owns 49,065 shares of the savings and loans company’s stock valued at $885,000 after acquiring an additional 608 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in OceanFirst Financial by 7.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,285 shares of the savings and loans company’s stock valued at $181,000 after buying an additional 673 shares in the last quarter. Quantinno Capital Management LP grew its holdings in OceanFirst Financial by 2.4% in the 1st quarter. Quantinno Capital Management LP now owns 29,567 shares of the savings and loans company’s stock valued at $533,000 after buying an additional 692 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in OceanFirst Financial by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,548 shares of the savings and loans company’s stock valued at $362,000 after buying an additional 885 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in OceanFirst Financial by 3.2% in the 4th quarter. Gabelli Funds LLC now owns 32,344 shares of the savings and loans company’s stock valued at $581,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

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.