Provident Financial Services ( (PFS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Provident Financial Services’ stock has been on the rise due to Raymond James initiating coverage with a Strong Buy rating and a $21 price target, citing the bank’s solid balance sheet and improved market position after acquiring Lakeland. Meanwhile, Keefe Bruyette adjusted their price target down from $23 to $22, reflecting a more cautious stance amid broader market conditions.
More about Provident Financial Services
YTD Price Performance: -8.05%
Average Trading Volume: 701,966
Technical Sentiment Signal: Sell
Current Market Cap: $2.21B
For further insights into PFS stock on TipRanks’ Stock Analysis page.
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