OceanFirst
Runs a deposit-funded commercial and retail banking franchise across Northeast markets.
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Profile
Provides commercial real estate, business, residential, and consumer lending, funded mainly by deposits. The franchise is concentrated in New Jersey, New York, Long Island, and nearby Northeast markets; management reports one consolidated banking segment.
Offers commercial real estate, commercial-and-industrial, residential, and consumer lending through OceanFirst Bank, with deposits as the main funding base. Fee lines include treasury management, trust and fiduciary services, deposit-account charges, mortgage banking, bankcard services, and swap income.
Operates as one consolidated banking segment, not separate reported divisions. The footprint is concentrated in New Jersey, New York, Long Island, Philadelphia, and other Northeast and Mid-Atlantic metro markets after the Flushing merger.
Competes through local-market presence, digital channels, service speed, broader products, and larger credits. Earnings and liquidity depend on interest rates, deposit flows, loan demand, commercial real estate credit, technology competition, integration work, and banking regulation.
Company facts
Categories
Key statistics
Year to date +5.9% · Average volume (30d) 949.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 12, 2026 | Piper Sandler | Target | $17 | $19 | ||
| Oct 27, 2025 | Raymond James | Reiterate | Strong Buy | $22 | $23 | |
| Oct 10, 2025 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.43 | $0.43 | +0.5% | $135.6M | $131.3M | −3.2% | −1.68% |
| Apr 23, 2026Q1 FY26 | $0.39 | $0.43 | +10.3% | $104.5M | $103.2M | −1.3% | +0.10% |
| Jan 22, 2026Q4 FY25 | $0.39 | $0.41 | +5.1% | $103.2M | $104.7M | +1.5% | −3.70% |
| Oct 22, 2025Q3 FY25 | $0.34 | $0.36 | +5.9% | $104.9M | $101.8M | −2.9% | −5.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $163.8M | $165.4M | $173.3M | $157.9M | $166.5M | $209.6M | |
| Gross profit | $91.4M | $95.2M | $97.7M | $77.7M | $91.9M | $120.7M | |
| Operating income | $28.3M | $24.9M | $22.5M | $16.8M | $27.1M | −$2.5M | |
| Net income | $21.5M | $19.0M | $17.3M | $13.1M | $20.5M | −$3.0M | |
| Diluted EPS | $0.35 | $0.28 | $0.30 | $0.23 | $0.36 | −$0.04 | |
| Gross margin | 55.8% | 57.5% | 56.4% | 49.2% | 55.2% | 57.6% | |
| Operating margin | 17.3% | 15.0% | 13.0% | 10.7% | 16.3% | -1.2% |
Fiscal years (4-quarter sums)FY21 $388.8M · FY22 $485.3M · FY23 $637.0M · FY24 $687.9M · FY25 $660.4M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.34B · Total debt $2.29B · Total assets $23.27B · Shareholders' equity $2.41B
Dividends
Raised for 15 straight years — most recently to $0.20 from $0.17 in Aug 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 21 | $0.20 | |
| Apr 27, 2026 | Apr 27 | May 8 | $0.20 | |
| Feb 2, 2026 | Feb 2 | Feb 13 | $0.20 | |
| Nov 3, 2025 | Nov 3 | Nov 14 | $0.20 | |
| Aug 4, 2025 | Aug 4 | Aug 15 | $0.20 | |
| May 5, 2025 | May 5 | May 16 | $0.20 | |
| Feb 3, 2025 | Feb 3 | Feb 14 | $0.20 | |
| Nov 4, 2024 | Nov 4 | Nov 15 | $0.20 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 60.29M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.94M | 16.49% | 13F | Aug 7, 2026 |
| Warburg Pincus LLC | 9.57M | 9.90% | 13D | Aug 19, 2026 |
| Dimensional Fund Advisors LP | 4.59M | 7.61% | 13F | Aug 11, 2026 |
| Wellington Management Group LLP | 4.11M | 6.82% | 13F | Aug 14, 2026 |
| State Street Corp | 3.87M | 6.42% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | John R. Buran | director | −113,463 | $19.40 |
Peers
- Valley National Bancorp
Large New Jersey/New York commercial-bank peer with CRE scale
- Provident Financial Services
New Jersey-centered bank with direct deposit and CRE overlap
- Dime Commercial Bancshares
Greater Long Island and NYC commercial-bank competitor
- ConnectOne Bancorp
New Jersey/New York metro commercial bank with Long Island reach
- WSFS Bank
Greater Philadelphia/Mid-Atlantic bank with trust and commercial overlap
- Customers Bancorp
Branch-light commercial and digital bank across Mid-Atlantic markets
- Metropolitan Bank
New York metro commercial bank focused on CRE and deposits
- Kearny Financial
Smaller New Jersey/New York community-bank and deposit competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OceanFirst | $18.88 | −0.11% | $1.14B | 22.3 | 9.3 | 1.6 | +36.3% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| Provident Financial Services | $23.71 | +0.91% | $3.06B | 9.8 | 9.4 | 2.2 | +9.7% |
| Dime Commercial Bancshares | $40.47 | −0.02% | $1.79B | 14.6 | 10.7 | 2.4 | +17.1% |
| ConnectOne Bancorp | $31.73 | 0.00% | $1.60B | 9.9 | 9.1 | 2.6 | +46.0% |
| WSFS Bank | $78.30 | +0.03% | $4.08B | 13.1 | 11.9 | 3.0 | +5.6% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| Metropolitan Bank | $91.79 | −0.20% | $1.14B | 11.6 | 9.0 | 2.7 | +22.0% |
| Kearny Financial | $9.82 | 0.00% | $618.0M | 17.2 | 12.3 | 1.8 | +11.9% |
| Median | 11.6 | 9.6 | 2.5 | +12.8% |