
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. exhibited a strong increase in its loan-to-deposit (L/D) ratio, which rose by 30 basis points quarter-over-quarter to 102.2%, accompanied by a substantial deposit growth of 5.7%. The company also achieved impressive organic loan growth of 6.7% on a quarter-over-quarter annualized basis, surpassing both consensus and Davidson's estimates. Additionally, although the net interest margin (NIM) increased by 2 basis points to 3.36%, it reflects the company's ability to enhance asset yields, as AEA yields rose by 5 basis points, demonstrating effective management of funding costs.
Bears say
The decline in Provident Financial Services Inc.'s pipeline by 6% quarter-over-quarter indicates potential challenges in maintaining growth momentum, despite having a strong pipeline size of approximately $2.6 billion. The reported yield of 6.3% alongside a book yield of 6.01% suggests that while profitability metrics remain favorable, the downward trend in the pipeline could hinder future revenue generation. This combination of declining pipeline activity and potential impacts on revenue stability contributes 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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