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NYSE:PFS

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

$14.60
-0.23 (-1.55%)
(As of 04:25 PM ET)
Today's Range
$14.56
$15.02
50-Day Range
$14.78
$18.56
52-Week Range
$13.43
$23.41
Volume
552,224 shs
Average Volume
593,026 shs
Market Capitalization
$1.10 billion
P/E Ratio
8.54
Dividend Yield
6.58%
Price Target
$21.00

Provident Financial Services MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
42.2% Upside
$21.00 Price Target
Short Interest
Bearish
5.81% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Provident Financial Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$89,300 Sold Last Quarter
Proj. Earnings Growth
26.19%
From $1.68 to $2.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Finance Sector

94th out of 864 stocks

Federal Savings Institutions Industry

3rd out of 35 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

Provident Financial Services Inc
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Provident Financial Services Inc Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
PacWest Banc: The Catalyst for Consistent Growth and Investor Rewards
Imperial Mining Provides Crater Lake Project Update
Recce Pharma welcomes approval for faster RECCE327 infusion rate
PACCAR Achieves Record Quarterly Earnings
See More Headlines
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Company Calendar

Last Earnings
1/26/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
3/04/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
CUSIP
74386T10
Employees
1,142
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
+41.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$128.40 million
Pretax Margin
25.27%

Debt

Sales & Book Value

Annual Sales
$695.65 million
Cash Flow
$1.87 per share
Book Value
$22.36 per share

Miscellaneous

Free Float
72,359,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.07

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Key Executives

  • Mr. Christopher P. Martin (Age 68)
    Executive Chairman
    Comp: $595.91k
  • Mr. Anthony J. Labozzetta (Age 60)
    President, CEO & Director
    Comp: $1.4M
  • Mr. Thomas M. Lyons CPA (Age 60)
    Senior EVP & CFO
    Comp: $995.84k
  • Ms. Valerie O. Murray CFP (Age 49)
    Executive VP & Chief Wealth Management Officer of Provident Bank
    Comp: $586.97k
  • Mr. Adriano M. Duarte CPA (Age 52)
    Executive VP, Chief Accounting Officer & Investor Relations Officer
  • Mr. Bennett Allen MacDougall (Age 54)
    Executive VP, General Counsel & Corporate Secretary
  • Ms. Sheila Leary
    Senior VP & BSA/AML Compliance Director of Provident Bank
  • Mr. George Lista (Age 64)
    CEO & President Provident Protection Plus, Inc.
  • Mr. Brian Giovinazzi (Age 70)
    Executive VP & Chief Credit Officer of the Provident Bank
    Comp: $856.29k
  • Mr. Walter Sierotko (Age 60)
    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 equities research analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. 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 equities research analysts have issued 1 year 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 42.2% 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 2024?

Provident Financial Services' stock was trading at $18.03 at the beginning of 2024. Since then, PFS shares have decreased by 18.1% and is now trading at $14.77.
View the best growth stocks for 2024 here
.

When is Provident Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our PFS earnings forecast
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) announced its quarterly earnings data on Friday, January, 26th. The savings and loans company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.04. The savings and loans company earned $114.76 million during the quarter, compared to analysts' expectations of $114.30 million. Provident Financial Services had a trailing twelve-month return on equity of 7.88% and a net margin of 18.46%. Provident Financial Services's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share.

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

Provident Financial Services announced a quarterly dividend on Thursday, January 25th. Investors of record on Friday, February 9th will be paid a dividend of $0.24 per share on Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, February 8th.
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 6.47%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 56.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 45.28% 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.42%), Dimensional Fund Advisors LP (7.16%), Westwood Holdings Group Inc. (2.49%), Charles Schwab Investment Management Inc. (1.24%), Northern Trust Corp (1.00%) and Nuveen Asset Management LLC (0.87%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PFS) was last updated on 3/4/2024 by MarketBeat.com Staff