
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. has demonstrated a solid quarterly performance, evidenced by a loan-to-deposit (L/D) ratio increase of 30 basis points to 102.2% alongside a deposit growth of 5.7%. Additionally, the company's organic loans have surged by 6.7% quarter-over-quarter on an annualized basis, surpassing both market consensus and Davidson's estimates. Furthermore, the net interest margin (NIM) rose by 2 basis points to 3.36%, with asset yield increases outpacing total funding costs, reflecting a favorable trend in revenue-generating activities.
Bears say
Provident Financial Services Inc. (PFS) is experiencing a notable decline in its pipeline, which has decreased by 6% quarter-over-quarter, signaling potential challenges in sustaining revenue growth. Despite the pipeline remaining robust at approximately $2.6 billion with a 6.3% yield and a book yield of 6.01%, the decline may indicate underlying issues in acquiring new business or retaining existing clients. This trend could adversely impact the company's overall revenue-generating capabilities and raise concerns about future financial 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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