OceanFirst Financial (OCFC): Examining Valuation After Fed Comments Boost Bank Stock Optimism

OceanFirst Financial's stock rose sharply after the New York Fed President hinted at potential interest rate adjustments, boosting investor optimism. The stock advanced 6.5% over the past week, though long-term returns remain positive. Analysts debate whether the stock is undervalued, with a fair value estimate of $21.50, suggesting room for growth. However, risks like commercial real estate challenges and valuation premiums compared to peers could impact future performance.

OceanFirst Financial | 10-Q: FY2025 Q3 Revenue: USD 174.5 M

OceanFirst Financial Prices $185 Million Subordinated Notes Offering

OceanFirst Financial Corporation has priced a public offering of $185 million in 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. The notes will pay interest at 6.375% until November 15, 2030, after which it will switch to a floating rate. The offering is set to close on October 29, 2025, with net proceeds estimated at $181.9 million, intended for debt repayment, subsidiary growth, and general corporate purposes.

OceanFirst Financial Corp. priced $185.0 million subordinated notes at 6.375% due 2035; interest accrues at 6.375% until Nov. 15, 2030. Tier 2 capital.

OceanFirst Financial Corp. has priced a public offering of $185.0 million in subordinated notes at a fixed interest rate of 6.375% until November 15, 2030. After this date, the interest will switch to a floating rate based on the Three-Month Term SOFR plus a spread of 307.5 basis points. The notes, due in 2035, are intended to qualify as Tier 2 capital for regulatory purposes.

OceanFirst Financial Corp. Announces Pricing of Subordinated Notes Offering | OCFC Stock News

OceanFirst Financial Corp. has announced the pricing of a public offering of $185 million in 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. The offering is expected to close on October 29, 2025, and the net proceeds will be used to repay existing debt and support growth initiatives. The notes will qualify as Tier 2 capital for regulatory purposes. Piper Sandler & Co. and Keefe, Bruyette & Woods are the joint book-running managers for the offering.