Provident Financial Services (PFS) Stock Forecast, Price Target & Predictions


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PFS Stock Forecast


Provident Financial Services stock forecast is as follows: an average price target of $20.00 (represents a 7.82% upside from PFS’s last price of $18.55) 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 7.82% upside from PFS's last price of $18.55.

PFS Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 29, 2024Jon ArfstromRBC Capital$21.00$18.9310.96%13.21%
Jun 14, 2024Mark FitzgibbonPiper Sandler$19.00$13.3242.59%2.43%
Apr 22, 2024Manuel NavasD.A. Davidson$20.00$15.2031.58%7.82%
Apr 09, 2024Jon ArfstromRBC Capital$18.00$14.6522.87%-2.96%
Mar 28, 2024Manuel NavasD.A. Davidson$15.00$14.384.31%-19.14%
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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 13.21% increase from PFS last price ($18.55).

Provident Financial Services Price Target by Period


1M3M12M
# Anlaysts--5
Avg Price Target--$18.60
Last Closing Price$18.55$18.55$18.55
Upside/Downside-100.00%-100.00%0.27%

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 $18.55. 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


DateCompanyPrevious RatingNew RatingRating Change
Aug 15, 2024Keefe, Bruyette & WoodsMarket PerformOutperformUpgrade
Jul 09, 2024RBC CapitalOutperformOutperformHold
Jun 14, 2024Piper SandlerOverweightOverweightHold
Apr 09, 2024RBC CapitalOutperformOutperformHold
Mar 26, 2024Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Aug 22, 2023Piper Sandler-OverweightUpgrade
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$221.87M$216.10M$210.67M$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$238.04M$235.83M$231.20M$225.56M$226.94M$223.22M$217.41M$211.46M$211.81M$215.04M$149.50M$115.20M$114.71M$175.97M$144.44M$132.64M$136.10M$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$234.96M$232.78M$228.21M$222.65M$224.01M$220.33M$214.61M$209.88M$209.79M$214.60M$147.57M$113.71M$113.89M$117.14M$142.57M$130.92M$134.35M$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
# Analysts11111113321125221333444441599168
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 $113.71M, and a high forecast of $115.20M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113321125221333444441599168
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$87.36M$86.55M$84.85M$82.78M$83.28M$81.92M$79.79M$77.78M$77.83M$79.32M$54.87M$42.28M$42.20M$49.87M$53.01M$48.68M$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$87.89M$87.07M$85.36M$83.28M$83.79M$82.42M$80.27M$78.07M$78.20M$79.40M$55.20M$42.53M$42.35M$64.97M$53.33M$48.97M$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$86.75M$85.95M$84.26M$82.21M$82.71M$81.35M$79.24M$77.49M$77.46M$79.24M$54.49M$41.98M$42.05M$43.25M$52.64M$48.34M$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 %------------0.02%0.76%0.84%1.87%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 $42.28M, with a high of $42.53M and a low of $41.98M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113321125221333444441599168
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$62.89M$62.19M$59.78M$57.70M$59.29M$57.01M$53.49M$51.59M$52.45M$48.65M$43.99M$41.26M$43.63M$48.59M$45.61M$60.95M$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$61.83M$61.15M$58.78M$56.74M$58.30M$56.06M$52.59M$48.62M$50.39M$48.44M$43.94M$40.56M$39.47M$18.61M$44.85M$59.93M$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 $40.56M to $41.26M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113321125221333444441599168
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$74.82M$74.13M$72.67M$70.90M$71.33M$70.16M$68.34M$66.62M$66.66M$67.93M$46.99M$36.21M$36.15M$42.71M$45.40M$41.69M$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$75.28M$74.58M$73.11M$71.33M$71.77M$70.59M$68.75M$66.87M$66.98M$68.00M$47.28M$36.43M$36.27M$55.65M$45.68M$41.94M$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$74.30M$73.61M$72.17M$70.41M$70.84M$69.68M$67.87M$66.37M$66.34M$67.86M$46.67M$35.96M$36.02M$37.04M$45.09M$41.40M$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 %-------------0.90%0.85%1.01%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 $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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113321125221333444441599168
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$0.58$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$0.59$0.57$0.55$0.57$0.55$0.51$0.47$0.49$0.47$0.43$0.39$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 $0.39 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CTBICommunity Trust Ban$51.70$60.0016.05%Buy
CNOBConnectOne Bancorp$24.14$27.6714.62%Buy
CFBCrossFirst Bankshares$15.47$17.6013.77%Buy
HFWAHeritage Financial$23.23$26.0011.92%Hold
FIBKFirst Interstate BancSystem$29.86$33.3311.62%Buy
GSBCGreat Southern Bancorp$56.66$62.009.42%Hold
PGCPeapack-Gladstone Financial$32.00$35.009.38%Buy
BYByline Bancorp$26.52$29.009.35%Buy
PFSProvident Financial Services$18.55$20.007.82%Buy
FMBHFirst Mid Bancshares$37.50$38.001.33%Strong Buy

PFS Forecast FAQ


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.

Provident Financial Services (PFS) average price target is $20 with a range of $19 to $21, implying a 7.82% from its last price of $18.55. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PFS stock, the company can go up by 7.82% (from the last price of $18.55 to the average price target of $20), up by 13.21% based on the highest stock price target, and up by 2.43% based on the lowest stock price target.

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.

Provident Financial Services's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $874.2M (high $879.02M, low $868.82M), average EBITDA is $322.78M (high $324.56M, low $320.79M), average net income is $219.06M (high $221.38M, low $215.56M), average SG&A $276.45M (high $277.98M, low $274.75M), and average EPS is $2.13 (high $2.15, low $2.1). PFS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $925M (high $930.63M, low $918.6M), average EBITDA is $341.53M (high $343.61M, low $339.17M), average net income is $240.66M (high $242.56M, low $238.5M), average SG&A $292.52M (high $294.3M, low $290.49M), and average EPS is $2.34 (high $2.36, low $2.32).

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 $186.56M by -31.18%. 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 $41.55M by -34.27%. 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%