NYSE:PFS Provident Financial Services (PFS) Stock Forecast, Price & News $15.29 +0.10 (+0.66%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$15.14▼$15.4150-Day Range$15.03▼$19.3852-Week Range$14.54▼$24.58Volume556,023 shsAverage Volume486,905 shsMarket Capitalization$1.16 billionP/E Ratio6.92Dividend Yield6.28%Price Target$22.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Provident Financial Services MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside45.5% Upside$22.25 Price TargetShort InterestBearish7.44% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$100,231 Bought Last QuarterProj. Earnings Growth16.57%From $1.81 to $2.11 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.3.02 out of 5 starsFinance Sector75th out of 877 stocksFederal Savings Institutions Industry5th out of 40 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 $22.25, Provident Financial Services has a forecasted upside of 45.5% from its current price of $15.29.Amount of Analyst CoverageProvident Financial Services has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.44% 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 12.3, which indicates bearish sentiment.Change versus previous monthShort interest in Provident Financial Services has recently decreased by 4.82%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipProvident Financial Services is a leading dividend payer. It pays a dividend yield of 6.39%, 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 43.44%. 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 45.50% 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 2.0 News and Social Media Coverage News SentimentProvident Financial Services has a news sentiment score of 0.64. 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 news sentiment score is similar to the average news sentiment of Finance companies.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 bought 463.41% more of their company's stock than they have sold. Specifically, they have bought $100,231.00 in company stock and sold $17,790.00 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 16.57% in the coming year, from $1.81 to $2.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Provident Financial Services is 6.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Provident Financial Services is 6.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 75.51.Price to Book Value per Share RatioProvident Financial Services has a P/B Ratio of 0.72. 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 (NYSE:PFS) StockProvident 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFS Stock News HeadlinesSeptember 18, 2023 | americanbankingnews.comInsider Buying: Provident Financial Services, Inc. (NYSE:PFS) EVP Buys $98,658.00 in StockAugust 25, 2023 | bizjournals.com2023 Best Places to Work Awards: Pinnacle Financial PartnersSeptember 28, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 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 TranscriptSeptember 28, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsJuly 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 OrganizationsJuly 11, 2023 | msn.comDon’t Be Fooled by Fake Financial Influencers: 8 Ways to Spot the Real DealJune 30, 2023 | msn.comPFS mis-management: SEBI show cause highlights the unfolding drama in the companyJune 6, 2023 | finance.yahoo.comProvident Branch Wins Silver ASID Award in Design ExcellenceJune 5, 2023 | msn.comFacing ‘substantial financial challenges,’ St. Dominic to layoff 5.5% of workforceJune 2, 2023 | finance.yahoo.comProvident Financial Services, Inc. (NYSE:PFS) is a favorite amongst institutional investors who own 76%May 17, 2023 | markets.businessinsider.comTimeline Unveils Enhanced Risk Profiling Tool for Financial Advisors, Driving Unprecedented Growth and User SatisfactionMay 1, 2023 | msn.comRBC Capital Maintains Provident Financial Services (PFS) Outperform RecommendationMay 1, 2023 | finance.yahoo.comProvident Financial Services (NYSE:PFS) Has Announced A Dividend Of $0.24April 28, 2023 | msn.comProvident Financial Services (PFS) Declares $0.24 DividendApril 26, 2023 | finance.yahoo.comProvident Bank’s ProvidentWomen Hosts Helping Entrepreneurs Rise (H.E.R.) Conference, Strengthening Commitment to Empower Women in BusinessApril 25, 2023 | uk.news.yahoo.comPACCAR Achieves Excellent Financial PerformanceApril 3, 2023 | finance.yahoo.comProvident Bank Donates Former Jersey City Branch to New City KidsMarch 30, 2023 | finance.yahoo.comHere's Why Provident Financial Services (NYSE:PFS) Has Caught The Eye Of InvestorsSee 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 PFS Company Calendar Last Earnings7/27/2023Ex-Dividend for 8/25 Dividend8/10/2023Dividend Payable8/25/2023Today9/28/2023Next Earnings (Estimated)10/27/2023Fiscal Year End12/31/2023Get 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 Forecast$22.25 High Stock Price Forecast$25.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+45.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.21 Trailing P/E Ratio6.92 Forward P/E Ratio8.45 P/E GrowthN/ANet Income$175.65 million Net Margins25.76% Pretax Margin35.27% Return on Equity10.36% Return on Assets1.21% Debt Debt-to-Equity Ratio1.16 Current Ratio1.04 Quick Ratio1.04 Sales & Book Value Annual Sales$553.97 million Price / Sales2.09 Cash Flow$2.60 per share Price / Cash Flow5.88 Book Value$21.23 per share Price / Book0.72Miscellaneous Outstanding Shares75,610,000Free Float72,371,000Market Cap$1.16 billion OptionableOptionable Beta0.99 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Christopher P. Martin (Age 67)Exec. Chairman Comp: $595.91kMr. Anthony J. Labozzetta (Age 59)Pres, CEO & Director Comp: $1.4MMr. Thomas M. Lyons CPA (Age 59)Sr. EVP & CFO Comp: $995.84kMs. Valerie O. Murray CFP (Age 48)Exec. VP & Chief Wealth Management Officer of Provident Bank Comp: $586.97kMr. 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 LearySr. VP & BSA/AML Compliance Director of Provident BankMr. 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 More ExecutivesKey CompetitorsBrookline BancorpNASDAQ:BRKLCapitol Federal FinancialNASDAQ:CFFNKearny FinancialNASDAQ:KRNYNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKTFS FinancialNASDAQ:TFSLView All CompetitorsInsiders & InstitutionsBarclays PLCBought 59,754 shares on 9/21/2023Ownership: 0.174%Walter SierotkoBought 6,300 shares on 9/13/2023Total: $98,658.00 ($15.66/share)James P DuniganBought 100 shares on 9/12/2023Total: $1,573.00 ($15.73/share)California State Teachers Retirement SystemSold 4,921 shares on 8/21/2023Ownership: 0.113%Teachers Retirement System of The State of KentuckyBought 1,317 shares on 8/21/2023Ownership: 0.031%View All Insider TransactionsView All Institutional Transactions 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? 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). 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 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. 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