The maintenance of an Outperform rating by RBC Capital suggests a positive outlook on Provident Financial Services, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target from $21 to $19 could reflect adjustments in valuation models, possibly due to revised earnings forecasts or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.