Piper Sandler cuts target for OceanFirst Financial stock to USD 18.00

Published on 10/14/2026 at 04:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler set a USD 18.00 target after USD 21.00 on October 6, 2026. For OceanFirst Financial stock, results arrive October 27, 2026.

Analyst target and results date

On October 6, 2026, Piper Sandler lowered its OceanFirst Financial target from USD 21.00 to USD 18.00.
For the quarter ended June 30, 2026, revenue was USD 209.60 million and the GAAP net loss was USD 3.03 million.
OceanFirst Financial plans to release third-quarter results after the market close on October 27, 2026.

OCFC, US6752341080, Illustration mit AI erstellt.

OceanFirst Financial (ISIN US6752341080) faces a lower analyst target after Markets Insider reported on October 6, 2026, that Piper Sandler cut its price target from USD 21.00 to USD 18.00 and kept a Neutral rating. The change puts analyst valuation alongside a difficult second-quarter comparison.

Three dated signals for OCFC

On July 30, 2026, the quarter ended June 30 produced USD 209.60 million in revenue and a GAAP net loss of USD 3.03 million, according to Markets Insider. On October 5, 2026, OceanFirst announced that it would release third-quarter results after the market close on October 27, 2026, according to GlobeNewswire. On October 6, 2026, Piper Sandler reduced its target to USD 18.00 from USD 21.00, retaining its Neutral rating.

What does the target cut signal?

The numerical change is a 14.29 percent reduction from the former USD 21.00 target, calculated against the old target. The rating itself did not move to a sell view, but the lower valuation reflects the pressure implied by smaller peer multiples, as Markets Insider reported.

A separate MarketBeat report dated October 10, 2026, said five covering brokerages held Hold ratings and published an average 12-month target of USD 20.33. That consensus figure stands USD 2.33 above Piper Sandler's revised target, a 12.94 percent difference measured against USD 18.00.

Results dates set the next test

GlobeNewswire reported that management will discuss the third-quarter figures during a conference call at 8:00 a.m. ET on October 28, 2026. The October 27 release and October 28 call create two dated checkpoints for the next operating update.

Company details and listing

OceanFirst Financial Corp. is a regional bank holding company that provides community banking services through OceanFirst Bank N.A. The company serves retail and commercial customers and is headquartered in Toms River, New Jersey.