Provident Financial Services Gains Overweight Rating from Piper Sandler

Analysts initiate coverage on the savings and loans company with a $25 price target.

Mar. 16, 2026 at 2:38pm

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Analysts at Piper Sandler have initiated coverage on shares of Provident Financial Services (NYSE:PFS), assigning an "overweight" rating and a $25.00 price target for the company. This price target suggests a potential upside of 21.24% from the company's current trading price.

Why it matters

Provident Financial Services is a regional commercial bank headquartered in New Jersey, offering a range of personal and business banking solutions. The overweight rating and price target from Piper Sandler indicate the analysts' belief that the company's stock is undervalued and has room for growth.

The details

In their research report, Piper Sandler analysts cited Provident Financial Services' strong market position, diversified product offerings, and growth potential as reasons for the overweight rating. The $25.00 price target represents a potential upside of over 21% from the company's current trading price.

  • Piper Sandler initiated coverage on Provident Financial Services on Monday, March 16, 2026.

The players

Provident Financial Services

A regional commercial bank headquartered in Jersey City, New Jersey, offering a range of personal and business banking solutions.

Piper Sandler

A financial services firm that provides investment banking, asset management, and other financial services.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The overweight rating and price target from Piper Sandler suggest that the analysts see significant upside potential in Provident Financial Services' stock, indicating their belief in the company's strong market position and growth prospects.