Provident Financial Services Stock Price, News & Analysis (NYSE:PFS) $15.01 -0.06 (-0.40%) (As of 11/28/2023 ET) Add Compare Share Share Today's Range$14.85▼$15.1050-Day Range$13.70▼$15.8052-Week Range$13.43▼$24.58Volume385,366 shsAverage Volume412,335 shsMarket Capitalization$1.13 billionP/E Ratio7.47Dividend Yield6.40%Price Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Provident Financial Services MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside39.9% Upside$21.00 Price TargetShort InterestHealthy6.22% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$146,100 Sold Last QuarterProj. Earnings Growth16.07%From $1.68 to $1.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.20 out of 5 starsFinance Sector24th out of 860 stocksFederal Savings Institutions Industry2nd out of 38 stocks 3.3 Analyst's Opinion Consensus RatingProvident Financial Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.00, Provident Financial Services has a forecasted upside of 39.9% from its current price of $15.01.Amount of Analyst CoverageProvident Financial Services has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.22% of the float of Provident Financial Services has been sold short.Short Interest Ratio / Days to CoverProvident Financial Services has a short interest ratio ("days to cover") of 8.9.Change versus previous monthShort interest in Provident Financial Services has recently decreased by 6.74%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipProvident Financial Services is a leading dividend payer. It pays a dividend yield of 6.32%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthProvident Financial Services does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Provident Financial Services is 47.76%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Provident Financial Services will have a dividend payout ratio of 49.23% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFS. Previous Next 1.7 News and Social Media Coverage News SentimentProvident Financial Services has a news sentiment score of 0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Provident Financial Services this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for PFS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows4 people have added Provident Financial Services to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Provident Financial Services insiders have sold 45.76% more of their company's stock than they have bought. Specifically, they have bought $100,231.00 in company stock and sold $146,100.00 in company stock.Percentage Held by InsidersOnly 4.29% of the stock of Provident Financial Services is held by insiders.Percentage Held by Institutions72.31% of the stock of Provident Financial Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Provident Financial Services are expected to grow by 16.07% in the coming year, from $1.68 to $1.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Provident Financial Services is 7.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Provident Financial Services is 7.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.00.Price to Book Value per Share RatioProvident Financial Services has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More PFS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFS Stock News HeadlinesNovember 27, 2023 | markets.businessinsider.comPacWest Banc: The Catalyst for Consistent Growth and Investor RewardsNovember 14, 2023 | tmcnet.comInsurTech Leader FastTrack & Primerica Canada Strengthen Commitment to Customer Excellence with Renewal AgreementNovember 29, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 4, 2023 | finance.yahoo.comProvident Financial Services, Inc. (NYSE:PFS) Looks Like A Good Stock, And It's Going Ex-Dividend SoonOctober 31, 2023 | finance.yahoo.comProvident Bank Welcomes Chao Huang as Assistant General Counsel, Investor Relations SpecialistOctober 30, 2023 | finance.yahoo.comProvident Financial Services (NYSE:PFS) Is Due To Pay A Dividend Of $0.24October 28, 2023 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Provident Financial Services (PFS)October 27, 2023 | finance.yahoo.comProvident Financial Services Inc (PFS) Reports Q3 2023 Earnings and Declares Quarterly Cash DividendNovember 29, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 26, 2023 | seekingalpha.comProvident Financial: Impressive Dividend Yield With Promising Lakeland MergerOctober 25, 2023 | marketwatch.comProvident Financial Holdings Names Donavon Ternes as New CEOOctober 25, 2023 | msn.comProvident Financial CEO Craig Blunden to step down from the roleOctober 25, 2023 | markets.businessinsider.comImperial Mining Provides Crater Lake Project UpdateOctober 24, 2023 | proactiveinvestors.com.auRecce Pharma welcomes approval for faster RECCE327 infusion rateOctober 24, 2023 | proactiveinvestors.com.auThe morning catch up: ASX to open higher ahead of September inflation figures at 11:30amOctober 24, 2023 | benzinga.comPACCAR Achieves Record Quarterly EarningsAugust 25, 2023 | bizjournals.com2023 Best Places to Work Awards: Pinnacle Financial PartnersAugust 15, 2023 | marketwatch.comPrimerica Life Insurance Review (2023)August 9, 2023 | finance.yahoo.comSome Banks Struggle to Report Uninsured Deposits CorrectlyAugust 5, 2023 | finance.yahoo.comThere's A Lot To Like About Provident Financial Services' (NYSE:PFS) Upcoming US$0.24 DividendJuly 30, 2023 | finance.yahoo.comProvident Financial Services, Inc. (NYSE:PFS) Analysts Just Trimmed Their Revenue Forecasts By 15%July 30, 2023 | finance.yahoo.comProvident Financial Services, Inc. (NYSE:PFS) Q2 2023 Earnings Call TranscriptJuly 29, 2023 | finance.yahoo.comQ2 2023 Provident Financial Services Inc Earnings CallJuly 28, 2023 | finance.yahoo.comProvident Financial Services, Inc. Announces Second Quarter Earnings and Declares Quarterly Cash DividendJuly 26, 2023 | markets.businessinsider.comHere's what Wall Street expects from Provident Financial Services's earningsJuly 25, 2023 | finance.yahoo.comProvident Bank Welcomes Diane Gigliotti as SVP, Controller and Mary Brown as SVP, Chief Compliance OfficerJuly 17, 2023 | finance.yahoo.comProvident Bank Announces $950,000 in NRTC Funding Awards to Ten New Jersey Non-Profit OrganizationsSee More Headlines Receive PFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Provident Financial Services and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/26/2023Ex-Dividend for 11/24 Dividend11/09/2023Dividend Payable11/24/2023Today11/28/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/26/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Federal savings institutions Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:PFS CUSIP74386T10 CIK1178970 Webwww.provident.bank Phone(732) 590-9200Fax201-915-5480Employees1,153Year Founded1839Price Target and Rating Average Stock Price Target$21.00 High Stock Price Target$25.00 Low Stock Price Target$18.00 Potential Upside/Downside+39.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.01 Trailing P/E Ratio7.47 Forward P/E Ratio8.93 P/E GrowthN/ANet Income$175.65 million Net Margins22.48% Pretax Margin30.43% Return on Equity9.33% Return on Assets1.09% Debt Debt-to-Equity Ratio1.28 Current Ratio1.07 Quick Ratio1.07 Sales & Book Value Annual Sales$553.97 million Price / Sales2.05 Cash Flow$2.52 per share Price / Cash Flow5.95 Book Value$21.23 per share Price / Book0.71Miscellaneous Outstanding Shares75,610,000Free Float72,371,000Market Cap$1.13 billion OptionableOptionable Beta1.03 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Christopher P. Martin (Age 67)Executive Chairman Comp: $595.91kMr. Anthony J. Labozzetta (Age 59)President, CEO & Director Comp: $1.4MMr. Thomas M. Lyons CPA (Age 59)Senior EVP & CFO Comp: $995.84kMs. Valerie O. Murray CFP (Age 48)Executive VP & Chief Wealth Management Officer of Provident Bank Comp: $586.97kMr. 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 LearySenior VP & BSA/AML Compliance Director of Provident BankMr. 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: $856.29kMr. Walter Sierotko (Age 59)Executive VP & Chief Lending Officer of Provident Bank Comp: $782.24kMore ExecutivesKey CompetitorsBrookline BancorpNASDAQ:BRKLCapitol Federal FinancialNASDAQ:CFFNKearny FinancialNASDAQ:KRNYNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKTFS FinancialNASDAQ:TFSLView All CompetitorsInsiders & InstitutionsDeutsche Bank AGBought 2,171 shares on 11/24/2023Ownership: 0.049%Public Sector Pension Investment BoardSold 40,605 shares on 11/22/2023Ownership: 0.123%Comerica BankBought 39,473 shares on 11/21/2023Ownership: 0.052%Creative PlanningBought 90,891 shares on 11/16/2023Ownership: 0.120%Royal Bank of CanadaBought 4,413 shares on 11/15/2023Ownership: 0.054%View All Insider TransactionsView All Institutional Transactions PFS Stock Analysis - Frequently Asked Questions Should I buy or sell Provident Financial Services stock right now? 3 Wall Street equities research 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 equities research 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 brokerages have issued 12 month target prices for Provident Financial Services' shares. 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 year. This suggests a possible upside of 39.9% 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 on January 1st, 2023. Since then, PFS stock has decreased by 29.7% and is now trading at $15.01. 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) announced its earnings results on Thursday, October, 26th. The savings and loans company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The savings and loans company had revenue of $177.52 million for the quarter, compared to analyst estimates of $115.75 million. Provident Financial Services had a net margin of 22.48% and a trailing twelve-month return on equity of 9.33%. During the same period in the previous year, the business 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. Stockholders 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 yield of 6.40%. The ex-dividend date of this dividend 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 6.32%. 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? ETFs with the largest weight of Provident Financial Services (NYSE:PFS) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Low Volatility ETF (XSLV) and WBI Power Factor High Dividend ETF (WBIY).First Trust Merger Arbitrage ETF (MARB). 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 a number of retail and institutional investors. Top institutional investors include 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%), Victory Capital Management Inc. (0.82%) and Fuller & Thaler Asset Management Inc. (0.56%). 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 11/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Provident Financial Services, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.