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NYSE:PFS

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

$15.29
+0.10 (+0.66%)
(As of 09/28/2023 ET)
Compare
Today's Range
$15.14
$15.41
50-Day Range
$15.03
$19.38
52-Week Range
$14.54
$24.58
Volume
556,023 shs
Average Volume
486,905 shs
Market Capitalization
$1.16 billion
P/E Ratio
6.92
Dividend Yield
6.28%
Price Target
$22.25

Provident Financial Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
45.5% Upside
$22.25 Price Target
Short Interest
Bearish
7.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$100,231 Bought Last Quarter
Proj. Earnings Growth
16.57%
From $1.81 to $2.11 Per Share

Overall MarketRank

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

3.02 out of 5 stars

Finance Sector

75th out of 877 stocks

Federal Savings Institutions Industry

5th out of 40 stocks


PFS stock logo

About Provident Financial Services (NYSE:PFS) Stock

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 Price History

PFS Stock News Headlines

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See More Headlines
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PFS Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/25 Dividend
8/10/2023
Dividend Payable
8/25/2023
Today
9/28/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023

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 Forecast
$22.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+45.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$175.65 million
Pretax Margin
35.27%

Debt

Sales & Book Value

Annual Sales
$553.97 million
Cash Flow
$2.60 per share
Book Value
$21.23 per share

Miscellaneous

Free Float
72,371,000
Market Cap
$1.16 billion
Optionable
Optionable
Beta
0.99

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Key Executives

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













PFS Stock - 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 forecast for 2023?

3 brokers have issued twelve-month target prices for Provident Financial Services' stock. Their PFS share price forecasts range from $20.00 to $25.00. On average, they anticipate the company's share price to reach $22.25 in the next year. This suggests a possible upside of 45.5% 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 beginning of the year. Since then, PFS stock has decreased by 28.4% and is now trading at $15.29.
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, October 27th 2023.
View our PFS earnings forecast
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) released its quarterly earnings results on Thursday, July, 27th. The savings and loans company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The savings and loans company earned $118.49 million during the quarter, compared to analysts' expectations of $124.55 million. Provident Financial Services had a net margin of 25.76% and a trailing twelve-month return on equity of 10.36%.

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, July 27th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.24 per share on Friday, August 25th. This represents a $0.96 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Thursday, August 10th.
Read our dividend analysis for PFS
.

What ETFs hold Provident Financial Services' stock?
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 6.39%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 45.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFS.

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).

What is Provident Financial Services' stock symbol?

Provident Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFS."

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (7.43%), State Street Corp (5.40%), Westwood Holdings Group Inc. (2.38%), Principal Financial Group Inc. (2.28%) and Geode Capital Management LLC (1.93%). 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, Thomas W Berry, 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.

What is Provident Financial Services' stock price today?

One share of PFS stock can currently be purchased for approximately $15.29.

How much money does Provident Financial Services make?

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.16 billion and generates $553.97 million in revenue each year. The savings and loans company earns $175.65 million in net income (profit) each year or $2.21 on an earnings per share basis.

How many employees does Provident Financial Services have?

The company employs 1,153 workers across the globe.

How can I contact Provident Financial Services?

Provident Financial Services' mailing address is 239 Washington Street, JERSEY CITY NJ, 07302. The official website for the company is www.provident.bank. The savings and loans company can be reached via phone at (732) 590-9200, via email at investorrelations@provident.bank, or via fax at 201-915-5480.

This page (NYSE:PFS) was last updated on 9/28/2023 by MarketBeat.com Staff

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