
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated a robust financial performance, evidenced by a loan-to-deposit (L/D) ratio increase of 30 basis points quarter-over-quarter to reach 102.2%, alongside a significant deposit growth of 5.7%. Furthermore, the company's organic loans experienced a notable annualized growth of 6.7% quarter-over-quarter, outpacing both consensus expectations and prior estimates from Davidson, which indicates strong lending demand. Additionally, despite slightly falling short of consensus expectations, the net interest margin (NIM) increased by 2 basis points to 3.36%, driven by improved asset yield performance that surpassed funding cost increases.
Bears say
Provident Financial Services Inc. has reported a notable decline in its pipeline, which fell by 6% quarter-over-quarter to approximately $2.6 billion, although it still maintains a strong yield of 6.3% and a book yield of 6.01%. This reduction in pipeline size may indicate potential challenges in attracting new business or maintaining growth momentum in the competitive financial services industry. The overall reliance on a single reporting segment could heighten vulnerability to market fluctuations, further contributing to a negative outlook for the company's stock.
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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