
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. has demonstrated positive growth indicators, with a loan-to-deposit (L/D) ratio rising by 30 basis points quarter-over-quarter to 102.2% and deposits increasing by 5.7% during the same period. Additionally, organic loan growth was impressive at 6.7% on a quarter-over-quarter annualized basis, surpassing both consensus expectations and previous estimates. Furthermore, while the net interest margin (NIM) increased by 2 basis points to 3.36%, this was supported by a notable rise in average earning asset yields, indicating efficient management of interest income despite slightly lower than expected NIM figures.
Bears say
The analysis highlights a notable decline in Provident Financial Services Inc.'s pipeline, which decreased by 6% quarter-over-quarter, suggesting potential weakening demand for their financial products despite the remaining value being approximately $2.6 billion. Furthermore, while yields are competitive at 6.3% and a book yield of 6.01%, the reduced pipeline size raises concerns regarding the sustainability of future revenue generation. This combination of shrinking pipeline and reliance on high-yield revenue sources may contribute to a challenging financial outlook for the company moving forward.
This aggregate rating is based on analysts' research of Provident Financial Services and is not a guaranteed prediction by Public.com or investment advice.
PFS Analyst Forecast & Price Prediction
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