Raymond James Reiterates Buy Rating on Provident Financial Services
Raymond James maintains its buy rating for Provident Financial Services, setting a price target of $27, a 14.21% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on Provident Financial Services (NYSE:PFS) with a price target of $27.
- Raymond James's $27 price target implies 14.21% upside from Provident Financial Services, Inc.'s ($PFS) current $23.64 share price.
- Provident Financial Services has a market cap of approximately $3.08 billion, a P/E ratio of 10.1, and a 52-week high of $23.98.
- Insiders and institutional investors have shown varied activity, with Raymond James analysts maintaining a positive outlook.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Raymond James has reiterated its buy rating on Provident Financial Services, Inc. (NYSE:PFS), maintaining a price target of $27. This update from analyst Steve Moss was released on July 1, 2026. Shares of Provident Financial Services traded near $23.64 on Wednesday.
Raymond James vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Provident Financial Services, Inc. Stock Up 0.6%
Shares of NYSE:PFS traded around $23.64 on Wednesday. Provident Financial Services, Inc. has a market capitalization of about $3.08 billion. The company has a P/E ratio of 10.1 and a forward P/E of 9.4, indicating its valuation based on future earnings expectations. The stock's beta is 0.789, reflecting lower volatility compared to the market. Over the past year, the stock has ranged from a low of $17.40 to a high of $23.98. The 50-day and 200-day moving averages are $22.55 and $20.92, respectively.
$PFS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent financial results, Provident Financial Services reported revenue of $886 million, showing a growth rate of 9.2%. The company achieved a net margin of 34.6% and a return on equity of 11.1%. Earnings per share stood at $2.35. The next earnings report is expected on July 23, 2026.
Dividend
Provident Financial Services offers an annual dividend rate of $0.96, with a yield of 4.06%. The company's dividend payout ratio is 40.85%, suggesting a balanced approach to rewarding shareholders while retaining earnings for growth.
Insider Buying and Selling at Provident Financial Services, Inc.
Recent insider activity at Provident Financial Services includes sales by George Lista, President and CEO of Prov Protection Plus, who sold 3,528 shares on June 12, 2026, at an average price of $23.41. On May 26, 2026, several insiders, including Matthew Harding and John Pugliese, purchased 4,012 shares each.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its buy rating for Provident Financial Services with a price target of $27. Other analyst actions include Stephens & Co. initiating a hold rating with a $24 target on June 8, 2026, and DA Davidson maintaining a hold rating with a $23 target on May 1, 2026. The consensus recommendation for Provident Financial Services is a buy, with an average target price of $25.25 from six analysts.
About Provident Financial Services
Provident Financial Services, Inc., headquartered in Jersey City, New Jersey, operates as the bank holding company for Provident Bank. It offers a range of banking products and services, including savings and checking accounts, loans, and wealth management services. The company serves individuals, families, and businesses across the United States. Led by CEO Anthony J. Labozzetta, Provident Financial employs approximately 1,817 people.
Bottom Line
Raymond James' reiteration of its buy rating for Provident Financial Services underscores continued confidence in the company's prospects. Investors often track such analyst ratings as they can influence market perception. However, it's important to remember that analyst opinions are one of many factors to consider in investment decisions.
Get Provident Financial Services, Inc. alerts
New 13F filings, insider trades, and analyst moves on $PFS, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.