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 $21.00 (represents a 10.18% upside from PFS’s last price of $19.06) 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 $21.00 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 $21.00. This represents a potential 10.18% upside from PFS's last price of $19.06.
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% | 10.18% |
| Jun 14, 2024 | Mark Fitzgibbon | Piper Sandler | $19.00 | $13.32 | 42.59% | -0.31% |
| Apr 22, 2024 | Manuel Navas | D.A. Davidson | $20.00 | $15.20 | 31.58% | 4.93% |
| Apr 09, 2024 | Jon Arfstrom | RBC Capital | $18.00 | $14.65 | 22.87% | -5.56% |
| Mar 28, 2024 | Manuel Navas | D.A. Davidson | $15.00 | $14.38 | 4.31% | -21.30% |
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 10.18% increase from PFS last price ($19.06).
Provident Financial Services Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 5 |
| Avg Price Target | - | - | $18.60 |
| Last Closing Price | $19.06 | $19.06 | $19.06 |
| Upside/Downside | -100.00% | -100.00% | -2.41% |
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 $19.06. 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 | $237.50M | $235.30M | $230.75M | $225.50M | $225.68M | $222.16M | $216.59M | $211.01M | $210.60M | $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 | $238.46M | $236.25M | $231.68M | $226.41M | $226.59M | $223.05M | $217.46M | $211.80M | $211.61M | $215.04M | $149.20M | $114.96M | $114.71M | $175.97M | $144.14M | $132.36M | $135.83M | $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 | $236.25M | $234.06M | $229.53M | $224.31M | $224.49M | $220.99M | $215.44M | $210.22M | $209.60M | $214.60M | $147.82M | $113.90M | $113.89M | $117.14M | $142.81M | $131.14M | $134.57M | $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 | 3 | 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 $113.90M, and a high forecast of $114.96M. 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 | 3 | 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 | $160.63M | $159.14M | $156.07M | $152.52M | $152.64M | $150.26M | $146.49M | $142.72M | $142.44M | $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 | $161.28M | $159.79M | $156.70M | $153.13M | $153.25M | $150.86M | $147.08M | $143.25M | $143.12M | $145.44M | $100.91M | $77.75M | $77.58M | $119.02M | $97.49M | $89.52M | $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 | $159.78M | $158.30M | $155.24M | $151.71M | $151.83M | $149.46M | $145.71M | $142.18M | $141.76M | $145.15M | $99.97M | $77.03M | $77.03M | $79.22M | $96.59M | $88.69M | $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 $77.03M. 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 | 3 | 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 | $78.86M | $78.09M | $75.02M | $72.44M | $74.12M | $71.51M | $67.58M | $64.17M | $65.02M | $61.36M | $55.58M | $51.74M | $52.52M | $49.66M | $57.20M | $76.44M | $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 | $79.27M | $78.50M | $75.41M | $72.82M | $74.51M | $71.88M | $67.93M | $65.43M | $66.32M | $61.49M | $55.61M | $52.01M | $55.15M | $61.42M | $57.50M | $76.84M | $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 | $78.32M | $77.55M | $74.50M | $71.94M | $73.61M | $71.01M | $67.12M | $61.65M | $63.72M | $61.23M | $55.54M | $51.39M | $49.90M | $23.52M | $56.81M | $75.92M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.52% | 0.57% | 0.56% | 0.53% | 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 $51.74M, with a range of $51.39M to $52.01M. PFS's average Quarter net income forecast represents a 89.45% 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 | 3 | 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 | $86.00M | $85.20M | $83.56M | $81.66M | $81.72M | $80.45M | $78.43M | $76.41M | $76.26M | $77.79M | $53.81M | $41.46M | $41.39M | $48.91M | $51.99M | $47.74M | $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 | $86.35M | $85.55M | $83.89M | $81.98M | $82.05M | $80.77M | $78.74M | $76.70M | $76.62M | $77.87M | $54.03M | $41.63M | $41.54M | $63.72M | $52.20M | $47.93M | $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 | $85.55M | $84.75M | $83.12M | $81.22M | $81.29M | $80.02M | $78.01M | $76.12M | $75.90M | $77.71M | $53.53M | $41.24M | $41.24M | $42.42M | $51.71M | $47.49M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.75% | 0.88% | 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 $41.39M, based on 2 Wall Street analysts, with a range of $41.24M to $41.54M. The forecast indicates a 7.61% rise 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 | 3 | 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 | $0.52 | $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 |
|---|---|---|---|---|---|
| CFB | CrossFirst Bankshares | $16.63 | $20.00 | 20.26% | Buy |
| CTBI | Community Trust Ban | $57.57 | $60.00 | 4.22% | Buy |
| PFS | Provident Financial Services | $20.19 | $21.00 | 4.01% | Buy |
| HFWA | Heritage Financial | $25.67 | $26.00 | 1.29% | Hold |
| PGC | Peapack-Gladstone Financial | $34.75 | $35.00 | 0.72% | Buy |
| FIBK | First Interstate BancSystem | $33.62 | $33.33 | -0.86% | Buy |
| CNOB | ConnectOne Bancorp | $25.58 | $25.00 | -2.27% | Buy |
| GSBC | Great Southern Bancorp | $64.79 | $62.00 | -4.31% | Hold |
| FMBH | First Mid Bancshares | $40.10 | $38.00 | -5.24% | Buy |
| BY | Byline Bancorp | $30.75 | $29.00 | -5.69% | Buy |