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 Wall Street analysts have issued 12-month price targets for Provident Financial Services' shares. Their PFS share price targets range from $18.00 to $25.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 26.3% 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 2023. Since then, PFS stock has decreased by 22.1% and is now trading at $16.63. 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 quarterly earnings results on Thursday, October, 26th. The savings and loans company reported $0.38 earnings per share (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 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 quarter in the previous year, the firm posted $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. Shareholders 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 5.77%. 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 5.84%. 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 many different retail and institutional investors. Top institutional investors 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 .

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

$16.63

+0.19 (+1.16%)

(As of 12/8/2023 ET)

Compare

Today's Range: $16.37
▼
$16.74
50-Day Range: $13.70
▼
$16.63
52-Week Range: $13.43
▼
$24.58

Volume: 442,327 shs
Average Volume: 403,074 shs
Market Capitalization: $1.26 billion

P/E Ratio: 8.27
Dividend Yield: 5.77%
Price Target: $21.00

Provident Financial Services MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 26.3% 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: N/A
Insider Trading: Selling Shares
$146,100 Sold Last Quarter
Proj. Earnings Growth: 7.14%
From $1.82 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.

3.01 out of 5 stars

Finance Sector

23rd out of 826 stocks

Federal Savings Institutions Industry

4th out of 34 stocks

3.3

Analyst's Opinion

Consensus Rating
Provident 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/Downside
According to analysts' consensus price target of $21.00, Provident Financial Services has a forecasted upside of 26.3% from its current price of $16.63.
Amount of Analyst Coverage
Provident Financial Services has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.22% of the float of Provident Financial Services has been sold short.
Short Interest Ratio / Days to Cover
Provident Financial Services has a short interest ratio ("days to cover") of 8.9.
Change versus previous month
Short interest in Provident Financial Services has recently decreased by 6.74%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Provident Financial Services is a leading dividend payer. It pays a dividend yield of 5.84%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Provident Financial Services does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Provident Financial Services is 47.76%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PFS.

1.2

News and Social Media Coverage

News Sentiment
Provident Financial Services has a news sentiment score of 0.09. 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 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Provident Financial Services this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added Provident Financial Services to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 4.29% of the stock of Provident Financial Services is held by insiders.
Percentage Held by Institutions
72.31% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Provident Financial Services are expected to grow by 7.14% in the coming year, from $1.82 to $1.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Provident Financial Services is 8.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Provident Financial Services is 8.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 35.67.
Price to Book Value per Share Ratio
Provident Financial Services has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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.

PFS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PFS Stock News Headlines

December 3, 2023 | proactiveinvestors.com.au

Galileo Mining has drilling underway targeting nickel and palladium at Callisto, North Callisto and Jimberlana South

December 1, 2023 | finance.yahoo.com

Favourable Signals For Provident Financial Services: Numerous Insiders Acquired Stock

December 9, 2023 | Autonomix (Ad)

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December 1, 2023 | msn.com

Beyond the Facade: Distinguishing Professional Financial Planners from Social Media Charlatans

November 27, 2023 | markets.businessinsider.com

PacWest Banc: The Catalyst for Consistent Growth and Investor Rewards

November 14, 2023 | tmcnet.com

InsurTech Leader FastTrack & Primerica Canada Strengthen Commitment to Customer Excellence with Renewal Agreement

November 4, 2023 | finance.yahoo.com

Provident Financial Services, Inc. (NYSE:PFS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

October 31, 2023 | finance.yahoo.com

Provident Bank Welcomes Chao Huang as Assistant General Counsel, Investor Relations Specialist

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

October 30, 2023 | finance.yahoo.com

Provident Financial Services (NYSE:PFS) Is Due To Pay A Dividend Of $0.24

October 28, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Provident Financial Services (PFS)

October 27, 2023 | finance.yahoo.com

Provident Financial Services Inc (PFS) Reports Q3 2023 Earnings and Declares Quarterly Cash Dividend

October 26, 2023 | seekingalpha.com

Provident Financial: Impressive Dividend Yield With Promising Lakeland Merger

October 25, 2023 | marketwatch.com

Provident Financial Holdings Names Donavon Ternes as New CEO

October 25, 2023 | msn.com

Provident Financial CEO Craig Blunden to step down from the role

October 25, 2023 | markets.businessinsider.com

Imperial Mining Provides Crater Lake Project Update

October 24, 2023 | proactiveinvestors.com.au

Recce Pharma welcomes approval for faster RECCE327 infusion rate

October 24, 2023 | proactiveinvestors.com.au

The morning catch up: ASX to open higher ahead of September inflation figures at 11:30am

October 24, 2023 | benzinga.com

PACCAR Achieves Record Quarterly Earnings

August 25, 2023 | bizjournals.com

2023 Best Places to Work Awards: Pinnacle Financial Partners

August 15, 2023 | marketwatch.com

Primerica Life Insurance Review (2023)

August 9, 2023 | finance.yahoo.com

Some Banks Struggle to Report Uninsured Deposits Correctly

August 5, 2023 | finance.yahoo.com

There's A Lot To Like About Provident Financial Services' (NYSE:PFS) Upcoming US$0.24 Dividend

July 30, 2023 | finance.yahoo.com

Provident Financial Services, Inc. (NYSE:PFS) Analysts Just Trimmed Their Revenue Forecasts By 15%

July 30, 2023 | finance.yahoo.com

Provident Financial Services, Inc. (NYSE:PFS) Q2 2023 Earnings Call Transcript

July 29, 2023 | finance.yahoo.com

Q2 2023 Provident Financial Services Inc Earnings Call

July 28, 2023 | finance.yahoo.com

Provident Financial Services, Inc. Announces Second Quarter Earnings and Declares Quarterly Cash Dividend

See More 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: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Federal savings institutions
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NYSE:PFS
CUSIP: 74386T10
CIK: 1178970
Web: www.provident.bank
Phone: (732) 590-9200
Fax: 201-915-5480
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: +26.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.01
Trailing P/E Ratio: 8.27
Forward P/E Ratio: 9.14
P/E Growth: N/A
Net Income: $175.65 million
Net Margins: 22.48%
Pretax Margin: 30.43%
Return on Equity: 9.33%
Return on Assets: 1.09%

Debt

Debt-to-Equity Ratio: 1.28
Current Ratio: 1.07
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $553.97 million
Price / Sales: 2.27
Cash Flow: $2.59 per share
Price / Cash Flow: 6.43
Book Value: $21.23 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 75,610,000
Free Float: 72,371,000
Market Cap: $1.26 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 Wall Street analysts have issued 12-month price targets for Provident Financial Services' shares. Their PFS share price targets range from $18.00 to $25.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 26.3% 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 2023. Since then, PFS stock has decreased by 22.1% and is now trading at $16.63.
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 quarterly earnings results on Thursday, October, 26th. The savings and loans company reported $0.38 earnings per share (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 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 quarter in the previous year, the firm posted $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. Shareholders 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 5.77%. 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 5.84%. 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 many different retail and institutional investors. Top institutional investors 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 12/9/2023 by MarketBeat.com Staff

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