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Provident Financial Services Stock Price, News & Analysis (NYSE:PFS)

$16.32
+0.24 (+1.49%)
(As of 11:33 AM ET)
Compare
Today's Range
$16.11
$16.40
50-Day Range
$13.70
$16.31
52-Week Range
$13.43
$24.58
Volume
136,976 shs
Average Volume
494,157 shs
Market Capitalization
$1.23 billion
P/E Ratio
8.12
Dividend Yield
5.88%
Price Target
$21.00

Provident Financial Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
28.7% Upside
$21.00 Price Target
Short Interest
Healthy
6.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of Provident Financial Services in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$146,100 Sold Last Quarter
Proj. Earnings Growth
16.07%
From $1.68 to $1.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.27 out of 5 stars

Finance Sector

4th out of 707 stocks

Federal Savings Institutions Industry

2nd out of 32 stocks


PFS stock logo

About Provident Financial Services Stock (NYSE:PFS)

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

PFS Stock Price History

PFS Stock News Headlines

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Company Calendar

Last Earnings
10/26/2023
Ex-Dividend for 11/24 Dividend
11/09/2023
Dividend Payable
11/24/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/26/2024

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
74386T10
Employees
1,153
Year Founded
1839

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$25.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+28.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$175.65 million
Pretax Margin
30.43%

Debt

Sales & Book Value

Annual Sales
$496.85 million
Cash Flow
$2.57 per share
Book Value
$21.23 per share

Miscellaneous

Free Float
72,371,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.04

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Key Executives

  • Mr. Christopher P. Martin (Age 67)
    Executive Chairman
    Comp: $595.91k
  • Mr. Anthony J. Labozzetta (Age 59)
    President, CEO & Director
    Comp: $1.4M
  • Mr. Thomas M. Lyons CPA (Age 59)
    Senior EVP & CFO
    Comp: $995.84k
  • Ms. Valerie O. Murray CFP (Age 48)
    Executive VP & Chief Wealth Management Officer of Provident Bank
    Comp: $586.97k
  • Mr. Adriano M. Duarte CPA (Age 51)
    Executive VP, Chief Accounting Officer & Investor Relations Officer
  • Mr. Bennett Allen MacDougall (Age 53)
    Executive VP, General Counsel & Corporate Secretary
  • Ms. Sheila Leary
    Senior VP & BSA/AML Compliance Director of Provident Bank
  • Mr. George Lista (Age 63)
    CEO & President Provident Protection Plus, Inc.
  • Mr. Brian Giovinazzi (Age 69)
    Executive VP & Chief Credit Officer of the Provident Bank
    Comp: $856.29k
  • Mr. Walter Sierotko (Age 59)
    Executive VP & Chief Lending Officer of Provident Bank
    Comp: $782.24k














PFS Stock Analysis - Frequently Asked Questions

Should I buy or sell Provident Financial Services stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PFS shares.
View PFS analyst ratings
or view top-rated stocks.

What is Provident Financial Services' stock price target for 2024?

3 equities research analysts have issued 12 month price objectives for Provident Financial Services' stock. Their PFS share price targets range from $18.00 to $25.00. On average, they predict the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
View analysts price targets for PFS
or view top-rated stocks among Wall Street analysts.

How have PFS shares performed in 2023?

Provident Financial Services' stock was trading at $21.36 at the start of the year. Since then, PFS stock has decreased by 23.6% and is now trading at $16.32.
View the best growth stocks for 2023 here
.

When is Provident Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 26th 2024.
View our PFS earnings forecast
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) released its earnings results on Thursday, October, 26th. The savings and loans company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The savings and loans company earned $177.52 million during the quarter, compared to analysts' expectations of $115.75 million. Provident Financial Services had a trailing twelve-month return on equity of 9.33% and a net margin of 22.48%. During the same quarter in the prior year, the company earned $0.58 earnings per share.

How often does Provident Financial Services pay dividends? What is the dividend yield for Provident Financial Services?

Provident Financial Services declared a quarterly dividend on Thursday, October 26th. Investors of record on Friday, November 10th will be given a dividend of $0.24 per share on Friday, November 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for PFS
.

Is Provident Financial Services a good dividend stock?

Provident Financial Services (NYSE:PFS) pays an annual dividend of $0.96 per share and currently has a dividend yield of 5.91%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 49.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFS.

What ETFs hold Provident Financial Services' stock?
What other stocks do shareholders of Provident Financial Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Provident Financial Services investors own include Bristol-Myers Squibb (BMY), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), United Parcel Service (UPS), Verizon Communications (VZ), Geron (GERN), Immunomedics (IMMU) and Bank of America (BAC).

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (2.99%), Principal Financial Group Inc. (2.20%), Bank of New York Mellon Corp (1.30%), Charles Schwab Investment Management Inc. (1.18%), Northern Trust Corp (1.00%) and Victory Capital Management Inc. (0.82%). Insiders that own company stock include Anthony J Labozzetta, Christopher P Martin, Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John Pugliese, Matthew K Harding, Robert Mcnerney, Valerie O Murray, Vito Giannola and Walter Sierotko.
View institutional ownership trends
.

How do I buy shares of Provident Financial Services?

Shares of PFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PFS) was last updated on 12/7/2023 by MarketBeat.com Staff

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