Provident Financial Services (PFS) Stock Forecast, Price Target & Predictions
PFS Stock Forecast
Provident Financial Services stock forecast is as follows: an average price target of $20.00 (represents a 9.05% upside from PFS’s last price of $18.34) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
PFS Price Target
The average price target for Provident Financial Services (PFS) is $20.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $19.00. This represents a potential 9.05% upside from PFS's last price of $18.34.
PFS Analyst Ratings
According to 3 Wall Street analysts, Provident Financial Services's rating consensus is 'Buy'. The analyst rating breakdown for PFS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Provident Financial Services Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Jon Arfstrom | RBC Capital | $21.00 | $18.93 | 10.96% | 14.50% |
| Jun 14, 2024 | Mark Fitzgibbon | Piper Sandler | $19.00 | $13.32 | 42.59% | 3.60% |
| Apr 22, 2024 | Manuel Navas | D.A. Davidson | $20.00 | $15.20 | 31.58% | 9.05% |
| Apr 09, 2024 | Jon Arfstrom | RBC Capital | $18.00 | $14.65 | 22.87% | -1.85% |
| Mar 28, 2024 | Manuel Navas | D.A. Davidson | $15.00 | $14.38 | 4.31% | -18.21% |
The latest Provident Financial Services stock forecast, released on Jul 29, 2024 by Jon Arfstrom from RBC Capital, set a price target of $21.00, which represents a 10.96% increase from the stock price at the time of the forecast ($18.93), and a 14.50% increase from PFS last price ($18.34).
Provident Financial Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 5 |
| Avg Price Target | - | $21.00 | $18.60 |
| Last Closing Price | $18.34 | $18.34 | $18.34 |
| Upside/Downside | -100.00% | 14.50% | 1.42% |
In the current month, the average price target of Provident Financial Services stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Provident Financial Services's last price of $18.34. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 15, 2024 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| Jul 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 14, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Mar 26, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Aug 22, 2023 | Piper Sandler | - | Overweight | Upgrade |
Provident Financial Services's last stock rating was published by Keefe, Bruyette & Woods on Aug 15, 2024. The company Upgrade its PFS rating from "Market Perform" to "Outperform".
Provident Financial Services Financial Forecast
Provident Financial Services Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $183.14M | $115.56M | $118.49M | $130.48M | $132.33M | $137.93M | $120.41M | $114.67M | $114.54M | $114.59M | $112.06M | $111.64M | $109.19M | $102.61M | $84.19M | $89.01M | $90.61M | $91.58M | $92.39M | $87.19M | $86.58M | $79.50M |
| Avg Forecast | $231.41M | $226.70M | $220.63M | $216.01M | $216.10M | $215.79M | $148.60M | $114.50M | $114.30M | $135.07M | $143.57M | $131.83M | $135.28M | $126.23M | $119.92M | $114.72M | $115.16M | $113.23M | $111.15M | $110.61M | $108.42M | $97.53M | $87.11M | $87.95M | $89.13M | $90.19M | $90.88M | $90.25M | $86.59M | $77.36M |
| High Forecast | $236.72M | $231.90M | $225.69M | $220.96M | $221.05M | $218.90M | $152.00M | $117.12M | $114.71M | $175.97M | $146.86M | $134.85M | $138.38M | $129.13M | $122.13M | $116.84M | $117.29M | $115.32M | $113.19M | $112.65M | $110.42M | $99.32M | $88.72M | $89.57M | $90.77M | $91.85M | $92.55M | $91.91M | $103.91M | $92.83M |
| Low Forecast | $225.79M | $221.20M | $215.28M | $210.76M | $210.85M | $212.67M | $144.99M | $111.72M | $113.89M | $117.14M | $140.08M | $128.63M | $132.00M | $123.17M | $117.63M | $112.54M | $112.97M | $111.07M | $109.02M | $108.50M | $106.35M | $95.66M | $85.45M | $86.27M | $87.43M | $88.47M | $89.14M | $88.53M | $69.27M | $61.89M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 17 |
| Surprise % | - | - | - | - | - | - | - | - | 1.60% | 0.86% | 0.83% | 0.99% | 0.98% | 1.09% | 1.00% | 1.00% | 0.99% | 1.01% | 1.01% | 1.01% | 1.01% | 1.05% | 0.97% | 1.01% | 1.02% | 1.02% | 1.02% | 0.97% | 1.00% | 1.03% |
Provident Financial Services's average Quarter revenue forecast for Mar 24 based on 1 analysts is $114.50M, with a low forecast of $111.72M, and a high forecast of $117.12M. PFS's average Quarter revenue forecast represents a -37.48% decrease compared to the company's last Quarter revenue of $183.14M (Dec 23).
Provident Financial Services EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 17 |
| EBITDA | - | - | - | - | - | - | - | - | $721.00K | $38.11M | $44.38M | $90.98M | $91.16M | $78.20M | $66.29M | $71.71M | $65.50M | $64.07M | $75.19M | $81.39M | $69.99M | $53.09M | $34.28M | $40.96M | $56.04M | $65.70M | $57.69M | $59.98M | $49.93M | $45.78M |
| Avg Forecast | $85.44M | $83.70M | $81.46M | $79.76M | $79.79M | $79.67M | $54.87M | $42.28M | $42.20M | $49.87M | $53.01M | $48.68M | $49.95M | $65.88M | $44.28M | $42.36M | $42.52M | $41.81M | $41.04M | $50.87M | $40.03M | $36.01M | $32.16M | $53.01M | $32.91M | $33.30M | $33.55M | $57.37M | $49.93M | $44.51M |
| High Forecast | $87.40M | $85.62M | $83.33M | $81.58M | $81.62M | $80.82M | $56.12M | $43.24M | $42.35M | $64.97M | $54.22M | $49.79M | $51.09M | $79.06M | $45.09M | $43.14M | $43.31M | $42.58M | $41.79M | $61.04M | $40.77M | $36.67M | $32.76M | $63.61M | $33.52M | $33.91M | $34.17M | $68.85M | $59.91M | $53.41M |
| Low Forecast | $83.37M | $81.67M | $79.48M | $77.82M | $77.85M | $78.52M | $53.53M | $41.25M | $42.05M | $43.25M | $51.72M | $47.49M | $48.74M | $52.71M | $43.43M | $41.55M | $41.71M | $41.01M | $40.25M | $40.70M | $39.27M | $35.32M | $31.55M | $42.41M | $32.28M | $32.66M | $32.91M | $45.90M | $39.94M | $35.61M |
| Surprise % | - | - | - | - | - | - | - | - | 0.02% | 0.76% | 0.84% | 1.87% | 1.83% | 1.19% | 1.50% | 1.69% | 1.54% | 1.53% | 1.83% | 1.60% | 1.75% | 1.47% | 1.07% | 0.77% | 1.70% | 1.97% | 1.72% | 1.05% | 1.00% | 1.03% |
1 analysts predict PFS's average Quarter EBITDA for Mar 24 to be $42.28M, with a high of $43.24M and a low of $41.25M. This is 5763.56% upper than Provident Financial Services's previous annual EBITDA (Dec 23) of $721.00K.
Provident Financial Services Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 17 |
| Net Income | - | - | - | - | - | - | - | - | $27.31M | $28.55M | $32.00M | $40.54M | $49.03M | $43.42M | $39.23M | $43.96M | $37.30M | $37.27M | $44.79M | $48.56M | $40.57M | $27.14M | $14.31M | $14.93M | $25.95M | $31.40M | $24.39M | $30.89M | $27.91M | $23.51M |
| Avg Forecast | $59.72M | $57.91M | $54.82M | $53.02M | $54.36M | $48.80M | $44.01M | $40.98M | $41.59M | $39.33M | $45.30M | $60.54M | $65.28M | $38.32M | $53.54M | $47.53M | $47.88M | $47.88M | $46.50M | $30.35M | $37.06M | $25.53M | $15.19M | $19.32M | $44.89M | $46.67M | $48.18M | $29.55M | $27.91M | $22.86M |
| High Forecast | $61.49M | $59.64M | $56.46M | $54.60M | $55.98M | $50.92M | $45.32M | $42.20M | $43.67M | $48.64M | $46.65M | $62.34M | $67.22M | $45.99M | $54.82M | $48.67M | $49.02M | $49.02M | $47.62M | $36.42M | $37.95M | $26.15M | $15.55M | $23.19M | $45.97M | $47.79M | $49.34M | $35.46M | $33.50M | $27.43M |
| Low Forecast | $57.83M | $56.09M | $53.09M | $51.35M | $52.65M | $46.68M | $42.62M | $39.68M | $39.52M | $18.63M | $43.87M | $58.63M | $63.21M | $30.66M | $52.21M | $46.35M | $46.69M | $46.69M | $45.35M | $24.28M | $36.15M | $24.90M | $14.81M | $15.46M | $43.78M | $45.52M | $46.99M | $23.64M | $22.33M | $18.28M |
| Surprise % | - | - | - | - | - | - | - | - | 0.66% | 0.73% | 0.71% | 0.67% | 0.75% | 1.13% | 0.73% | 0.92% | 0.78% | 0.78% | 0.96% | 1.60% | 1.09% | 1.06% | 0.94% | 0.77% | 0.58% | 0.67% | 0.51% | 1.05% | 1.00% | 1.03% |
Provident Financial Services's average Quarter net income forecast for Mar 24 is $40.98M, with a range of $39.68M to $42.20M. PFS's average Quarter net income forecast represents a 50.03% increase compared to the company's last Quarter net income of $27.31M (Dec 23).
Provident Financial Services SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 17 |
| SG&A | - | - | - | - | - | - | - | - | - | $38.46M | $38.79M | $41.91M | $37.36M | $40.84M | $40.01M | $39.38M | $43.46M | $44.74M | $42.78M | $42.35M | $43.89M | $42.68M | $35.58M | $36.99M | $35.71M | $34.59M | $34.86M | $33.96M | $33.49M | $32.26M |
| Avg Forecast | $73.18M | $71.69M | $69.77M | $68.31M | $68.34M | $68.24M | $46.99M | $36.21M | $36.15M | $42.71M | $45.40M | $41.69M | $42.78M | $46.00M | $37.92M | $36.28M | $36.42M | $35.81M | $35.15M | $26.47M | $34.29M | $30.84M | $27.55M | $47.87M | $28.19M | $28.52M | $28.74M | $32.48M | $33.49M | $31.36M |
| High Forecast | $74.86M | $73.33M | $71.37M | $69.87M | $69.90M | $69.22M | $48.07M | $37.04M | $36.27M | $55.65M | $46.44M | $42.65M | $43.76M | $55.20M | $38.62M | $36.95M | $37.09M | $36.47M | $35.80M | $31.76M | $34.92M | $31.41M | $28.06M | $57.45M | $28.71M | $29.05M | $29.27M | $38.98M | $40.19M | $37.64M |
| Low Forecast | $71.40M | $69.95M | $68.08M | $66.65M | $66.68M | $67.25M | $45.85M | $35.33M | $36.02M | $37.04M | $44.30M | $40.68M | $41.74M | $36.80M | $37.20M | $35.59M | $35.72M | $35.12M | $34.48M | $21.18M | $33.63M | $30.25M | $27.02M | $38.30M | $27.65M | $27.98M | $28.19M | $25.99M | $26.80M | $25.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.90% | 0.85% | 1.01% | 0.87% | 0.89% | 1.06% | 1.09% | 1.19% | 1.25% | 1.22% | 1.60% | 1.28% | 1.38% | 1.29% | 0.77% | 1.27% | 1.21% | 1.21% | 1.05% | 1.00% | 1.03% |
Provident Financial Services's average Quarter SG&A projection for Dec 23 is $36.15M, based on 2 Wall Street analysts, with a range of $36.02M to $36.27M. The forecast indicates a -6.03% fall compared to PFS last annual SG&A of $38.46M (Sep 23).
Provident Financial Services EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 17 |
| EPS | - | - | - | - | - | - | - | - | $0.36 | $0.38 | $0.43 | $0.54 | $0.66 | $0.58 | $0.53 | $0.58 | $0.49 | $0.49 | $0.58 | $0.63 | $0.53 | $0.37 | $0.22 | $0.23 | $0.40 | $0.49 | $0.38 | $0.48 | $0.43 | $0.37 |
| Avg Forecast | $0.58 | $0.56 | $0.53 | $0.52 | $0.53 | $0.47 | $0.43 | $0.40 | $0.40 | $0.38 | $0.44 | $0.59 | $0.63 | $0.58 | $0.52 | $0.46 | $0.47 | $0.47 | $0.45 | $0.43 | $0.36 | $0.25 | $0.15 | $0.34 | $0.44 | $0.45 | $0.47 | $0.46 | $0.43 | $0.35 |
| High Forecast | $0.60 | $0.58 | $0.55 | $0.53 | $0.54 | $0.49 | $0.44 | $0.41 | $0.42 | $0.47 | $0.45 | $0.61 | $0.65 | $0.59 | $0.53 | $0.47 | $0.48 | $0.48 | $0.46 | $0.44 | $0.37 | $0.25 | $0.15 | $0.34 | $0.45 | $0.46 | $0.48 | $0.47 | $0.52 | $0.42 |
| Low Forecast | $0.56 | $0.54 | $0.52 | $0.50 | $0.51 | $0.45 | $0.41 | $0.39 | $0.38 | $0.18 | $0.43 | $0.57 | $0.61 | $0.56 | $0.51 | $0.45 | $0.45 | $0.45 | $0.44 | $0.42 | $0.35 | $0.24 | $0.14 | $0.33 | $0.43 | $0.44 | $0.46 | $0.45 | $0.34 | $0.28 |
| Surprise % | - | - | - | - | - | - | - | - | 0.89% | 0.99% | 0.98% | 0.92% | 1.04% | 1.01% | 1.02% | 1.26% | 1.05% | 1.05% | 1.28% | 1.48% | 1.47% | 1.49% | 1.49% | 0.68% | 0.92% | 1.08% | 0.81% | 1.05% | 1.00% | 1.06% |
According to 1 Wall Street analysts, Provident Financial Services's projected average Quarter EPS for Mar 24 is $0.40, with a low estimate of $0.39 and a high estimate of $0.41. This represents a 10.56% increase compared to PFS previous annual EPS of $0.36 (Dec 23).
Provident Financial Services Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FIBK | First Interstate BancSystem | $30.20 | $37.00 | 22.52% | Buy |
| CNOB | ConnectOne Bancorp | $24.69 | $27.67 | 12.07% | Buy |
| BY | Byline Bancorp | $26.55 | $29.00 | 9.23% | Buy |
| PFS | Provident Financial Services | $18.34 | $20.00 | 9.05% | Buy |
| CFB | CrossFirst Bankshares | $17.22 | $17.60 | 2.21% | Buy |
| FMBH | First Mid Bancshares | $39.32 | $38.00 | -3.36% | Strong Buy |
PFS Forecast FAQ
Is Provident Financial Services a good buy?
Yes, according to 3 Wall Street analysts, Provident Financial Services (PFS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of PFS's total ratings.
What is PFS's price target?
Provident Financial Services (PFS) average price target is $20 with a range of $19 to $21, implying a 9.05% from its last price of $18.34. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Provident Financial Services stock go up soon?
According to Wall Street analysts' prediction for PFS stock, the company can go up by 9.05% (from the last price of $18.34 to the average price target of $20), up by 14.50% based on the highest stock price target, and up by 3.60% based on the lowest stock price target.
Can Provident Financial Services stock reach $30?
PFS's average twelve months analyst stock price target of $20 does not support the claim that Provident Financial Services can reach $30 in the near future.
What are Provident Financial Services's analysts' financial forecasts?
Provident Financial Services's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $694.98M (high $709.08M, low $680.23M), average EBITDA is $256.61M (high $261.81M, low $251.16M), average net income is $188.15M (high $194.43M, low $181.63M), average SG&A $219.78M (high $224.23M, low $215.11M), and average EPS is $1.83 (high $1.89, low $1.76). PFS's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $894.76M (high $915.25M, low $873.03M), average EBITDA is $330.37M (high $337.93M, low $322.34M), average net income is $225.48M (high $232.19M, low $218.36M), average SG&A $282.95M (high $289.43M, low $276.08M), and average EPS is $2.19 (high $2.26, low $2.12).
Did the PFS's actual financial results beat the analysts' financial forecasts?
Based on Provident Financial Services's last annual report (Dec 2023), the company's revenue was $695.65M, beating the average analysts forecast of $524.77M by 32.56%. Apple's EBITDA was $2.95M, missing the average prediction of $193.76M by -98.48%. The company's net income was $128.4M, missing the average estimation of $186.76M by -31.25%. Apple's SG&A was $0, missing the average forecast of $165.95M by -100.00%. Lastly, the company's EPS was $1.71, missing the average prediction of $1.81 by -5.73%. In terms of the last quarterly report (Dec 2023), Provident Financial Services's revenue was $183.14M, beating the average analysts' forecast of $114.3M by 60.23%. The company's EBITDA was $721K, missing the average prediction of $42.2M by -98.29%. Provident Financial Services's net income was $27.31M, missing the average estimation of $41.59M by -34.34%. The company's SG&A was $0, missing the average forecast of $36.15M by -100.00%. Lastly, the company's EPS was $0.36, missing the average prediction of $0.404 by -10.89%