Piper Sandler assumed coverage of Provident Financial (PFS) with an Overweight rating and $25 price target The firm’s bullish thesis is based on continued profitability and net interest margin expansion at the pace of 4-5 bps a quarter, strong expense management and an attractive entry point given a current 8.2-times 2026 and a dividend yield of about 4.5%.
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Read More on PFS:
- Provident Financial initiated with a Neutral at DA Davidson
- Provident Bank appoints Joseph Tammaro as EVP, head, middle market lending
- Provident Financial price target raised to $25 from $23 at Keefe Bruyette
- Provident Financial Services Earnings Call Signals Confident Growth
- Provident Financial Services Declares Quarterly Cash Dividend