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 -3.43% downside from PFS’s last price of $20.71) 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 -3.43% downside from PFS's last price of $20.71.
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% | 1.40% |
| Jun 14, 2024 | Mark Fitzgibbon | Piper Sandler | $19.00 | $13.32 | 42.59% | -8.26% |
| Apr 22, 2024 | Manuel Navas | D.A. Davidson | $20.00 | $15.20 | 31.58% | -3.43% |
| Apr 09, 2024 | Jon Arfstrom | RBC Capital | $18.00 | $14.65 | 22.87% | -13.09% |
| Mar 28, 2024 | Manuel Navas | D.A. Davidson | $15.00 | $14.38 | 4.31% | -27.57% |
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 1.40% increase from PFS last price ($20.71).
Provident Financial Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 5 |
| Avg Price Target | - | - | $18.60 |
| Last Closing Price | $20.71 | $20.71 | $20.71 |
| Upside/Downside | -100.00% | -100.00% | -10.19% |
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 $20.71. This month's average price target is down NaN% 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $236.60M | $234.40M | $229.80M | $224.20M | $225.57M | $221.88M | $216.11M | $210.65M | $210.80M | $214.82M | $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 |
| High Forecast | $237.53M | $235.32M | $230.70M | $225.08M | $226.45M | $222.75M | $216.96M | $211.44M | $211.81M | $215.04M | $149.18M | $114.95M | $114.71M | $175.97M | $144.13M | $132.35M | $135.81M | $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 |
| Low Forecast | $235.55M | $233.36M | $228.78M | $223.20M | $224.57M | $220.89M | $215.15M | $209.86M | $209.80M | $214.60M | $147.94M | $113.99M | $113.89M | $117.14M | $142.93M | $131.25M | $134.68M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| 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% |
Provident Financial Services's average Quarter revenue forecast for Mar 24 based on 1 analysts is $114.50M, with a low forecast of $113.99M, and a high forecast of $114.95M. 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 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| 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 |
| Avg Forecast | $160.02M | $158.54M | $155.42M | $151.64M | $152.56M | $150.07M | $146.17M | $142.47M | $142.58M | $145.29M | $100.51M | $77.44M | $77.31M | $91.35M | $97.10M | $89.17M | $67.35M | $46.61M | $44.28M | $42.36M | $42.52M | $41.81M | $41.04M | $50.87M | $40.03M | $36.01M | $32.16M | $53.01M | $32.91M | $33.30M |
| High Forecast | $160.65M | $159.16M | $156.03M | $152.23M | $153.16M | $150.66M | $146.74M | $143.01M | $143.26M | $145.44M | $100.90M | $77.75M | $77.58M | $119.02M | $97.48M | $89.51M | $80.82M | $46.61M | $44.28M | $42.36M | $42.52M | $41.81M | $41.04M | $61.04M | $40.03M | $36.01M | $32.16M | $63.61M | $32.91M | $33.30M |
| Low Forecast | $159.31M | $157.83M | $154.73M | $150.96M | $151.89M | $149.40M | $145.52M | $141.94M | $141.90M | $145.15M | $100.06M | $77.10M | $77.03M | $79.22M | $96.67M | $88.77M | $53.88M | $46.61M | $44.28M | $42.36M | $42.52M | $41.81M | $41.04M | $40.70M | $40.03M | $36.01M | $32.16M | $42.41M | $32.91M | $33.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.01% | 0.42% | 0.46% | 1.02% | 1.35% | 1.68% | 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 analysts predict PFS's average Quarter EBITDA for Mar 24 to be $77.44M, with a high of $77.75M and a low of $77.10M. This is 10640.90% upper than Provident Financial Services's previous annual EBITDA (Dec 23) of $721.00K.
Provident Financial Services Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| 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 |
| Avg Forecast | $62.39M | $61.71M | $59.31M | $57.25M | $58.83M | $56.56M | $53.07M | $50.60M | $51.42M | $48.54M | $43.97M | $40.93M | $41.55M | $39.29M | $45.25M | $60.47M | $38.36M | $59.30M | $53.54M | $47.53M | $47.88M | $47.88M | $46.50M | $30.35M | $37.06M | $25.53M | $15.19M | $19.32M | $44.89M | $46.67M |
| High Forecast | $62.71M | $62.02M | $59.61M | $57.54M | $59.13M | $56.85M | $53.34M | $51.59M | $52.45M | $48.65M | $43.99M | $41.14M | $43.63M | $48.59M | $45.48M | $60.78M | $46.03M | $59.30M | $53.54M | $47.53M | $47.88M | $47.88M | $46.50M | $36.42M | $37.06M | $25.53M | $15.19M | $23.19M | $44.89M | $46.67M |
| Low Forecast | $62.03M | $61.35M | $58.97M | $56.92M | $58.49M | $56.24M | $52.76M | $48.62M | $50.39M | $48.44M | $43.94M | $40.70M | $39.47M | $18.61M | $44.99M | $60.12M | $30.69M | $59.30M | $53.54M | $47.53M | $47.88M | $47.88M | $46.50M | $24.28M | $37.06M | $25.53M | $15.19M | $15.46M | $44.89M | $46.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 0.73% | 0.71% | 0.67% | 1.28% | 0.73% | 0.73% | 0.92% | 0.78% | 0.78% | 0.96% | 1.60% | 1.09% | 1.06% | 0.94% | 0.77% | 0.58% | 0.67% |
Provident Financial Services's average Quarter net income forecast for Mar 24 is $40.93M, with a range of $40.70M to $41.14M. PFS's average Quarter net income forecast represents a 49.87% increase compared to the company's last Quarter net income of $27.31M (Dec 23).
Provident Financial Services SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| 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 |
| Avg Forecast | $64.31M | $63.72M | $62.47M | $60.94M | $61.32M | $60.31M | $58.75M | $57.26M | $57.30M | $58.39M | $40.39M | $31.12M | $31.07M | $36.71M | $39.02M | $35.84M | $44.69M | $39.92M | $37.92M | $36.28M | $36.42M | $35.81M | $35.15M | $26.47M | $34.29M | $30.84M | $27.55M | $47.87M | $28.19M | $28.52M |
| High Forecast | $64.57M | $63.97M | $62.71M | $61.18M | $61.56M | $60.55M | $58.98M | $57.47M | $57.58M | $58.45M | $40.55M | $31.25M | $31.18M | $47.83M | $39.18M | $35.98M | $53.63M | $39.92M | $37.92M | $36.28M | $36.42M | $35.81M | $35.15M | $31.76M | $34.29M | $30.84M | $27.55M | $57.45M | $28.19M | $28.52M |
| Low Forecast | $64.03M | $63.43M | $62.19M | $60.67M | $61.04M | $60.04M | $58.48M | $57.05M | $57.03M | $58.33M | $40.21M | $30.99M | $30.96M | $31.84M | $38.85M | $35.68M | $35.75M | $39.92M | $37.92M | $36.28M | $36.42M | $35.81M | $35.15M | $21.18M | $34.29M | $30.84M | $27.55M | $38.30M | $28.19M | $28.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.99% | 1.17% | 0.84% | 1.02% | 1.06% | 1.09% | 1.19% | 1.25% | 1.22% | 1.60% | 1.28% | 1.38% | 1.29% | 0.77% | 1.27% | 1.21% |
Provident Financial Services's average Quarter SG&A projection for Dec 23 is $31.07M, based on 2 Wall Street analysts, with a range of $30.96M to $31.18M. The forecast indicates a -19.22% fall compared to PFS last annual SG&A of $38.46M (Sep 23).
Provident Financial Services EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 15 | 9 | 9 | 16 | 8 |
| 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 |
| Avg Forecast | $0.61 | $0.60 | $0.58 | $0.56 | $0.57 | $0.55 | $0.52 | $0.49 | $0.50 | $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 |
| High Forecast | $0.61 | $0.60 | $0.58 | $0.56 | $0.57 | $0.55 | $0.52 | $0.50 | $0.51 | $0.47 | $0.43 | $0.40 | $0.42 | $0.47 | $0.44 | $0.59 | $0.64 | $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 |
| Low Forecast | $0.60 | $0.60 | $0.57 | $0.55 | $0.57 | $0.55 | $0.51 | $0.47 | $0.49 | $0.47 | $0.43 | $0.40 | $0.38 | $0.18 | $0.44 | $0.58 | $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 |
| 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% |
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 $0.40 and a high estimate of $0.40. 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 |
|---|---|---|---|---|---|
| CNOB | ConnectOne Bancorp | $26.58 | $27.67 | 4.10% | Buy |
| CTBI | Community Trust Ban | $57.68 | $60.00 | 4.02% | Buy |
| CFB | CrossFirst Bankshares | $17.23 | $17.60 | 2.15% | Buy |
| HFWA | Heritage Financial | $25.49 | $26.00 | 2.00% | Hold |
| GSBC | Great Southern Bancorp | $61.79 | $62.00 | 0.34% | Hold |
| FIBK | First Interstate BancSystem | $33.39 | $33.33 | -0.18% | Buy |
| PFS | Provident Financial Services | $20.71 | $20.00 | -3.43% | Buy |
| PGC | Peapack-Gladstone Financial | $36.76 | $35.00 | -4.79% | Buy |
| BY | Byline Bancorp | $30.93 | $29.00 | -6.24% | Buy |
| FMBH | First Mid Bancshares | $41.37 | $38.00 | -8.15% | Buy |