$20.19
1.05% today
Nasdaq, Nov 21, 08:47 pm CET
ISIN
US6752341080
Symbol
OCFC
Sector
Industry

OceanFirst Financial Corp. Target price 2024 - Analyst rating & recommendation

OceanFirst Financial Corp. Classifications & Recommendation:

Buy
43%
Hold
57%

OceanFirst Financial Corp. Price Target

Target Price $21.21
Price $19.98
Potential
Number of Estimates 7
7 Analysts have issued a price target OceanFirst Financial Corp. 2025 . The average OceanFirst Financial Corp. target price is $21.21. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 7 analysts: 3 Analysts recommend OceanFirst Financial Corp. to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the OceanFirst Financial Corp. stock has an average upside potential 2025 of . Most analysts recommend the OceanFirst Financial Corp. stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 639.87 377.55
32.78% 41.00%
Net Margin 15.52% 25.46%
47.10% 64.09%

6 Analysts have issued a sales forecast OceanFirst Financial Corp. 2024 . The average OceanFirst Financial Corp. sales estimate is

$378m
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. This is
45.50% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$383m 44.72%
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, the lowest is
$375m 45.94%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $640m 32.78%
2024
$378m 41.00%
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2025
$402m 6.42%
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2026
$446m 10.93%
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7 OceanFirst Financial Corp. Analysts have issued a net profit forecast 2024. The average OceanFirst Financial Corp. net profit estimate is

$96.1m
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. This is
5.42% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$98.1m 3.45%
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, the lowest is
$94.6m 6.89%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $99.3m 29.75%
2024
$96.1m 3.19%
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2025
$94.3m 1.91%
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2026
$119m 26.17%
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Net Margin

2023 15.52% 47.10%
2024
25.46% 64.09%
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2025
23.46% 7.86%
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2026
26.69% 13.77%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.70 1.65
29.75% 2.94%
P/E 12.14
EV/Sales 6.27

7 Analysts have issued a OceanFirst Financial Corp. forecast for earnings per share. The average OceanFirst Financial Corp. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.65
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. This is
5.17% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.68 3.45%
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, the lowest is
$1.62 6.90%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.70 29.75%
2024
$1.65 2.94%
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2025
$1.61 2.42%
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2026
$2.04 26.71%
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P/E ratio

Current 11.50 72.67%
2024
12.14 5.57%
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2025
12.38 1.98%
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2026
9.81 20.76%
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Based on analysts' sales estimates for 2024, the OceanFirst Financial Corp. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.41 60.09%
2024
6.27 83.74%
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2025
5.89 6.04%
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2026
5.31 9.85%
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P/S ratio

Current 1.69 25.74%
2024
3.09 83.50%
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2025
2.91 6.04%
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2026
2.62 9.85%
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