
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated a positive trajectory with a loan-to-deposit (L/D) ratio increasing by 30 basis points quarter-over-quarter to 102.2%, supported by a robust deposit growth of 5.7% during the same period. Organic loan growth outperformed expectations, registering a 6.7% quarterly annualized increase, surpassing consensus estimates of 4.5% and Davidson’s forecast of 5.3%. Additionally, the net interest margin (NIM) rose by 2 basis points quarter-over-quarter to 3.36%, driven by an increase in average earning asset yields, reflecting effective management of funding costs.
Bears say
Provident Financial Services Inc. has reported a quarter-over-quarter decline of 6% in its pipeline, bringing it down to approximately $2.6 billion, which, despite being a strong figure, raises concerns about potential future revenue generation. The reported yield on this pipeline stands at 6.3%, while the book yield is slightly lower at 6.01%. This decline in pipeline activity may suggest weakening demand for the company's financial products and services, contributing to a negative outlook on its stock performance.
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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