Published on 28 May 2024 on Zacks via Yahoo Finance
Provident Financial Services PFS is well-positioned for growth driven by the acquisition of Lakeland Bancorp, Inc. Decent loan demand, solid balance sheet and high interest rates will also continue to support the company’s financials.Analysts are optimistic regarding its earnings growth potential. Over the past two months, the Zacks Consensus Estimate for Provident Financial’s earnings has remained unchanged for 2024 and revised 5.8% upward for 2025. The company currently carries a Zacks Rank #2 (Buy).Over the past year, shares of Provident Financial have lost 8.2% against no change for the industry it belongs to.
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