
PFS Stock Forecast & Price Target
PFS Analyst Ratings
Bulls say
Provident Financial Services Inc. demonstrated a strong quarter with an increase in the loan-to-deposit (L/D) ratio by 30 basis points to 102.2%, supported by a notable deposit growth of 5.7% quarter-over-quarter. Organic loan growth was robust at 6.7% annualized, exceeding both consensus expectations and prior estimates, highlighting effective loan portfolio management. Additionally, the net interest margin (NIM) increased by 2 basis points to 3.36%, driven by a rise in average earning asset yields, which outpaced the growth in total funding costs, reflecting a favorable balance sheet position.
Bears say
Provident Financial Services Inc. exhibited a notable decline in its pipeline, which decreased by 6% quarter-over-quarter, falling from historically high levels to approximately $2.6 billion. Despite maintaining a relatively strong yield of 6.3% and a book yield of 6.01%, this downturn in the pipeline suggests potential challenges in maintaining future revenue growth. Such a decrease raises concerns about the sustainability of the company’s performance and its ability to capitalize on market opportunities moving forward.
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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