RBC Capital Sticks to its Buy Rating for Provident Financial Services by Investing.com

RBC Capital analyst Steven Duong maintained a buy rating on Provident Financial Services (NYSE 🙂 on Tuesday, setting a price target of $ 27, or about 8.13% above the current price of the ‘share 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 between 1 TipRanks analysts are for a moderate buy rating of shares of Provident Financial Services, with an average price target of $ 27.
Analysts’ price targets range from a high of $ 27 to a low of $ 27.

In its latest earnings report, released 9/30/2021, the company reported quarterly revenue of $ 114.59 million and net income of $ 0. The company’s market capitalization is $ 1.93 billion.

According to TipRanks.com, Steven Duong, analyst at RBC Capital is currently rated with 5 stars on a 0 to 5 star rating scale, with an average performance of 34.9% and a success rate of 81.48%.

Provident Financial Services, Inc. operates as a holding company for Provident Bank, which provides banking services to individuals and businesses in northern and central New Jersey and eastern Pennsylvania. It attracts deposits from the general public and businesses primarily to areas surrounding its bank offices and uses these funds, along with funds generated from operations and borrowing, to generate commercial real estate loans, residential mortgages, commercial loans. and consumer loans. The company also invests in mortgage-backed securities and other permitted investments. The company was founded on January 15, 2003 and is headquartered in Jersey City, New Jersey.

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