Keefe Bruyette upgraded Provident Financial to Outperform from Market Perform with a price target of $21, up from $20. The analyst expects “several positive catalysts” to drive improving investor sentiment and a higher share price over the remainder of 2024. The firm believes risks of the Lakeland Bancorp acquisition have now been eliminated or at least moderated, which is not priced into the shares.
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Read More on PFS:
- Provident Financial appoints Ramos as VP, CRA Cofficer
- Provident Bank Welcomes Leonardo Ramos As Vice President, CRA Officer
- Provident Financial price target raised to $21 from $18 at RBC Capital
- Provident Financial Announces Quarterly Cash Dividend
- Provident Financial Services Unveils Q2 Earnings Insights
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