
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated a robust financial performance, highlighted by a loan-to-deposit (L/D) ratio that increased by 30 basis points quarter-over-quarter to 102.2%, with a notable deposit growth of 5.7%. Additionally, the company reported an organic loan growth rate of 6.7% quarter-over-quarter annualized, surpassing both consensus and competitor expectations. Furthermore, the net interest margin (NIM) improved by 2 basis points to 3.36%, indicating a positive trend in asset yields that outpaced funding costs, reflecting effective management of financial resources.
Bears say
Provident Financial Services Inc reported a 6% quarter-over-quarter decline in its pipeline, which, while still substantial at approximately $2.6 billion, indicates a potential weakening in future revenue generation. The reported yield of 6.3% and book yield of 6.01% suggest that even though the bank's current interest income remains relatively favorable, the declining pipeline may hinder ongoing growth prospects. This combination of a shrinking pipeline and concerns over sustained revenue diversification could contribute 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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