RBC Capital analyst Steven Duong maintained a Buy rating on Provident Financial Services (NYSE:PFS) on Tuesday, setting a price target of $27, which is approximately 8.13% above the present share price of $24.97.
Duong expects Provident Financial Services to post earnings per share (EPS) of $0.49 for the fourth quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Provident Financial Services, with an average price target of $27.
The analysts price targets range from a high of $27 to a low of $27.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $114.59 million and a net profit of $0. The company's market cap is $1.93 billion.
According to TipRanks.com, RBC Capital analyst Steven Duong is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.9% and a 81.48% success rate.
Provident Financial Services, Inc. operates as a holding company for the Provident Bank, which provides banking services to individual and corporate customers in northern and central New Jersey and eastern Pennsylvania. It attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans, and consumer loans. The firm also invests in mortgage backed securities and other permissible investments. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.