
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated strong operational growth with a loan-to-deposit (L/D) ratio increase to 102.2% and robust deposit growth of 5.7% quarter-over-quarter, indicating effective management of liquidity and customer acquisition. The bank's organic loan growth of 6.7% on an annualized basis surpassed industry expectations, signifying strong demand and effective lending practices. Additionally, while the net interest margin (NIM) rose to 3.36%, reflecting improved yields on assets, the overall financial metrics suggest a solid foundation for continued performance in the financial services sector.
Bears say
The financial outlook for Provident Financial Services Inc. is negatively impacted by a notable decline in the pipeline, which fell by 6% quarter-over-quarter, despite remaining at a comparatively robust level of approximately $2.6 billion. Additionally, the yield on the pipeline decreased to 6.3%, alongside a book yield of 6.01%, suggesting potential pressures on future earnings. This decline in both pipeline and yield metrics raises concerns about the company’s ability to maintain revenue growth from its core banking services.
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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