
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated robust operational performance, with a loan-to-deposit (L/D) ratio rising by 30 basis points quarter-over-quarter (Q/Q) to 102.2% and deposits growing by 5.7% Q/Q. The company experienced organic loan growth of 6.7% annualized Q/Q, which surpassed consensus expectations and highlights strong demand for its lending services. Additionally, the net interest margin (NIM) increased by 2 basis points Q/Q to 3.36%, benefiting from enhanced asset yield growth, suggesting a favorable trend in profitability despite being slightly below market expectations.
Bears say
Provident Financial Services Inc. reported a sequential decline of 6% in its loan pipeline, which, while still strong at approximately $2.6 billion, raises concerns about future growth potential. The company maintains a yield of 6.3% alongside a book yield of 6.01%, indicating stable revenue generation but potentially insufficient to offset the declining pipeline. This combination of diminishing loan opportunities and the reliance on existing yield metrics suggests challenges ahead for sustaining profitability and competitive positioning within the financial services industry.
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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