OceanFirst Financial Corp. (OCFC) AI Stock Analysis

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A., delivering community banking services to retail, government, and commercial customers. Founded in 1902 and based in Red Bank, New Jersey, the institution provides deposit accounts including money market, savings, time deposits, and checking products. Its lending portfolio spans commercial real estate, multi-family, land, construction, commercial and industrial, and consumer loans such as home equity lines. Additionally, the company manages investments in mortgage-backed and government securities, alongside wealth management, trust, asset management, and insurance services across central and southern New Jersey.

Between FY2020 and FY2025, revenue grew at an annualized rate of 8.6%, rising from $388.8M in FY2021 to a peak of $687.9M in FY2024 before declining 4.7% to $655.6M in FY2025. Net income contracted from $146.6M in FY2022 to $71.0M in FY2025, with net margin falling to 10.8% and operating margin reaching 14.1%. Diluted EPS dropped from $2.35 in FY2022 to $1.43 in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $427.6M with EPS of $0.80. In the latest quarter ended June 30, 2026, quarterly revenue grew 32.2% year-over-year while quarterly earnings expanded 2.7%.

As of June 30, 2026, OceanFirst held $2.34B in cash and short-term investments against $2.29B in total debt, yielding a net cash position of $54.8M. Total assets reached $23.27B against shareholders' equity of $2.41B, resulting in a debt-to-equity ratio of 0.95 and a current ratio of 5.96. In FY2025, operating cash flow was $87.2M and free cash flow was $79.5M. Cash allocations in FY2025 included $7.7M in capital expenditures, $48.2M in dividends paid, and $82.3M deployed into share buybacks.

Trading at $15.83 with a market capitalization of $1.53B, OceanFirst carries a trailing price-to-earnings multiple of 19.8x, above the 12.1x median of its US-listed Financial Services peers. Its forward P/E of 10.5x sits slightly below the peer median of 10.8x, while its price-to-book ratio is 0.7x. The company's enterprise value is $3.63B, representing an EV-to-revenue multiple of 8.8x. Over the past year, the stock declined 5.2% compared to a 16.8% gain for the S&P 500, and its five-year return of -9.9% lags the index's 83.0% advance.

OceanFirst provides an annualized forward dividend of $0.80 per share, yielding 5.06% with a payout ratio of 49.1%. The company has paid dividends for 30 consecutive years, delivering a 5-year annualized dividend growth rate of 3.3%. Payments are distributed quarterly, with the most recent ex-dividend date occurring on August 10, 2026.

Seven analysts cover OceanFirst, with 2 Strong Buy, 1 Buy, and 4 Hold ratings. The mean price target of $21.42 represents a 35.3% premium over the last close of $15.83. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $1.75, up 22.6%, on revenue of $595.7M. The company beat EPS consensus in 3 of the last 4 quarters. The next earnings date is scheduled for October 27, 2026.

This page is an AI-written research summary of OceanFirst Financial Corp. (OCFC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OCFC income statement, OCFC balance sheet, OCFC key metrics, OCFC analyst forecast, OCFC chart. See the OCFC stock overview for the latest quote and news.