Update shared on 26 Nov 2025
Narrative Update: Analyst Price Target Adjustment for Provident Financial Services
Analysts have maintained their price target for Provident Financial Services at $22.63, indicating continued confidence in the company's valuation, which is supported by largely unchanged financial forecasts.
What's in the News
- Between July 1, 2025 and September 30, 2025, Provident Financial Services completed the repurchase of 1,335 shares for $0.02 million as part of its ongoing buyback program. The company has now repurchased a total of 3,065,903 shares, representing 3.94% of outstanding shares, for $69.23 million under the buyback announced on January 29, 2021 (Key Developments).
- Provident Financial Services reported net loan charge-offs of $5.4 million for the third quarter ended September 30, 2025. This is an improvement from $6.8 million in the same quarter of the previous year (Key Developments).
Valuation Changes
- Fair Value remained unchanged at $22.63 per share.
- Discount Rate increased slightly from 7.82% to 7.86%.
- Revenue Growth stayed stable at approximately 7.68%.
- Net Profit Margin was consistent at about 35.11%.
- Future P/E ratio increased modestly from 10.13x to 10.14x.
Disclaimer
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