Analysts fell to the sidelines weighing in on Provident Financial Services (PFS) and WisdomTree Investments (WETF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Provident Financial Services (PFS)
Boenning & Scattergood analyst Erik Zwick reiterated a Hold rating on Provident Financial Services today. The company’s shares opened today at $26.77.
Zwick observed:
“We remain Neutral on shares of PFS following 1Q19 results. We expect future loan growth in the low-single-digit range, slower than some peers, due to a combination of competitive markets, elevated borrower paydown activity, and strict underwriting criteria. Another issue facing Provident today is the upcoming crossing of the $10 billion regulatory threshold. While recent FinReg reform could soften the impact relative to prior expectations, the Durbin Amendment is still likely to have a negative impact on interchange revenue, though is likely a 2020 event. Shares of Provident currently trade above peers at 14.2x our 2019 EPS estimate (11.7x peer average) and 1.9x TBV (1.5x peer average). Thus, as we weigh the strengths and challenges facing the company today, we view the stock as fairly valued.”
According to TipRanks.com, Zwick is a 1-star analyst with an average return of -0.7% and a 48.1% success rate. Zwick covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Bankwell Financial Group, and Community Bank System.
The word on The Street in general, suggests a Hold analyst consensus rating for Provident Financial Services.
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WisdomTree Investments (WETF)
Northland Securities analyst Michael Grondahl maintained a Hold rating on WisdomTree Investments today and set a price target of $9. The company’s shares opened today at $8.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 26.3% and a 70.2% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Hold analyst consensus rating for WisdomTree Investments with a $7.25 average price target.
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