DA Davidson Raises PFS Price Target to $24, Maintains Buy Rating

DA Davidson maintains a Buy rating on Provident Finl Servs (PFS) and raises its price target to $24.00 USD, a 9.09% increase from the previous target of $22.00 USD. The analyst firm remains bullish on the company's performance in the financial services sector. The average one-year price target for PFS is $21.64, with an upside of 12.49% from the current price of $19.24.

DA Davidson has revised its price target for Provident Financial Services (PFS) to $24.00 USD, representing a 9.09% increase from the previous target of $22.00 USD. The analyst firm maintains a Buy rating on the stock, reflecting confidence in the company's performance in the financial services sector. This move comes on the heels of strong second-quarter performance, which saw Provident Financial Services exceed analysts' expectations.

The average one-year price target for PFS, as per 7 analysts, stands at $21.64, implying an upside of 12.49% from the current price of $19.24. This average target price is slightly higher than DA Davidson's revised target, suggesting a consensus among analysts for a positive outlook on Provident Financial Services.

The latest earnings report from Provident Financial Services highlighted a widening net interest margin and robust loan growth, which are key drivers behind the upward revision in the price target. The company reported a record revenue of $214.17 million and net interest income of $187 million for the second quarter of 2025. These figures surpass the anticipated $213.59 million in revenue and $186.5 million in net interest income, respectively [3].

DA Davidson's bullish stance on Provident Financial Services is supported by the company's ability to counterbalance rising operational costs with improved net interest income and fee income. The positive expansion in the company's financials has contributed to the upward momentum of its shares.

The consensus brokerage recommendation for Provident Financial Services is currently 2.0, indicating an "Outperform" status. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell. GuruFocus estimates the GF Value for Provident Financial Services to be $17.15, suggesting a downside of 9.93% from the current price of $19.04 [1].

In summary, DA Davidson's revised price target for Provident Financial Services reflects the analyst firm's confidence in the company's strong financial performance and growth prospects. The upward revision is supported by robust earnings and revenue growth, as well as a positive outlook from the broader analyst community.

References:
[1] https://www.gurufocus.com/news/3008489/provident-financial-pfs-target-price-increased-by-da-davidson
[2] https://www.marketwatch.com/investing/stock/pfs
[3] https://za.investing.com/news/transcripts/earnings-call-transcript-provident-financial-services-beats-q2-2025-forecasts-93CH-3803844