Provident Financial Services

PFS · NYSE

$22.53+$0.42 (+1.90%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $22.11

PFS analyst rating

BuyConsensus of 5 analysts over the last 12 months. 60% rate it a buy.

Strong buy1
Buy2
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $28.05 (+24.5% upside)

Low: $26.26
Now: $22.53
High: $31.50

Upgrades and downgrades

The latest rating actions, newest first

PFS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 3, 2026	Maintains	Outperform	$26.00 → $28.00	68%
Piper Sandler	Jul 31, 2026	Maintains	Overweight	$26.00 → $29.00	46%
Raymond James	Jul 1, 2026	Maintains	Strong Buy	$25.00 → $27.00	59%
Stephens & Co.	Jun 8, 2026	Initiates	Equal-Weight	$24.00	54%
DA Davidson	May 1, 2026	Maintains	Neutral	$23.00	53%
Keefe, Bruyette & Woods	May 1, 2026	Maintains	Outperform	$25.00 → $26.00	68%
DA Davidson	Feb 25, 2026	Initiates	Neutral	$25.00	53%
Keefe, Bruyette & Woods	Jan 29, 2026	Maintains	Outperform	$23.00 → $25.00	68%

The case for and against

Updated Aug 16, 2026

Bull case

Provident Finl Servs is a stable company with a strong presence in the densely populated areas of northern and central New Jersey, Eastern Pennsylvania, and New York, and a weighted average median household income well above the national average. While core net interest margin has increased, it is expected to remain flat in 2026 despite management's outlook for expansion due to potential reliance on brokered deposits and borrowing for loan growth. The company's emphasis on fee income and minimal exposure to office properties bode well for future revenue streams, but stagnant EPS growth and valuation at a modest premium to historical levels suggest a lack of significant upward potential in the near future.

Bear case

Provident Finl Servs is a bank holding company primarily focused on traditional banking services, wealth management, and insurance agency income in the northeastern US. Despite a modest EPS beat in Q1 of 2026, the company reported an increase in non-performing assets due to four senior housing properties entering bankruptcy. The company is currently trading at a reasonable valuation and the outlook for EPS and net interest margin growth in 2026 is flat, suggesting limited opportunities for higher returns.

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