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

$24.85
-0.12 (-0.48 %)
(As of 11/18/2019 02:50 PM ET)
Today's Range
$24.75
Now: $24.85
$24.89
50-Day Range
$23.89
MA: $24.76
$25.48
52-Week Range
$22.74
Now: $24.85
$27.94
Volume2,962 shs
Average Volume146,319 shs
Market Capitalization$1.64 billion
P/E Ratio13.65
Dividend Yield3.70%
Beta0.56
Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA, and KEOGH products. Read More…

Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP74386T10
Phone732-590-9200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$418.51 million
Cash Flow$1.59 per share
Book Value$21.18 per share

Profitability

Net Income$118.39 million

Miscellaneous

Employees1,044
Market Cap$1.64 billion
Next Earnings Date2/7/2020 (Estimated)
OptionableOptionable

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Provident Financial Services (NYSE:PFS) Frequently Asked Questions

What is Provident Financial Services' stock symbol?

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

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

Provident Financial Services declared a dividend on Friday, October 25th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share on Friday, November 29th. The ex-dividend date is Thursday, November 14th. This is a boost from Provident Financial Services's previous dividend of $0.16. View Provident Financial Services' Dividend History.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) posted its quarterly earnings data on Friday, October, 25th. The savings and loans company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.45 by $0.04. The savings and loans company had revenue of $91.58 million for the quarter, compared to analyst estimates of $90.17 million. Provident Financial Services had a net margin of 28.04% and a return on equity of 8.87%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. View Provident Financial Services' Earnings History.

When is Provident Financial Services' next earnings date?

Provident Financial Services is scheduled to release their next quarterly earnings announcement on Friday, February 7th 2020. View Earnings Estimates for Provident Financial Services.

What price target have analysts set for PFS?

3 brokers have issued 1-year price objectives for Provident Financial Services' stock. Their forecasts range from $26.00 to $26.00. On average, they anticipate Provident Financial Services' share price to reach $26.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Price Targets for Provident Financial Services.

What is the consensus analysts' recommendation for Provident Financial Services?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Provident Financial Services.

What are Wall Street analysts saying about Provident Financial Services stock?

Here are some recent quotes from research analysts about Provident Financial Services stock:
  • 1. According to Zacks Investment Research, "Provident Financial Services, Inc. is the holding company of The Provident Bank, a community- and customer-oriented banking company. The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of individuals, families and businesses in northern and central New Jersey. The bank offers a broad array of deposit, loan, trust and investment products. In keeping with its Customer-Centric Strategy. " (8/1/2019)
  • 2. Boenning Scattergood analysts commented, "We remain Neutral on shares of PFS following 1Q19 results. We expect future loan growth in the low-single-digit range, slower than some peers, due to a combination of competitive markets, elevated borrower paydown activity, and strict underwriting criteria. Another issue facing Provident today is the upcoming crossing of the $10 billion regulatory threshold. While recent FinReg reform could soften the impact relative to prior expectations, the Durbin Amendment is still likely to have a negative impact on interchange revenue, though is likely a 2020 event. Shares of Provident currently trade above peers at 14.2x our 2019 EPS estimate (11.7x peer average) and 1.9x TBV (1.5x peer average). Thus, as we weigh the strengths and challenges facing the company today, we view the stock as fairly valued." (4/26/2019)

Has Provident Financial Services been receiving favorable news coverage?

Media stories about PFS stock have been trending very negative on Monday, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Provident Financial Services earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the savings and loans company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Provident Financial Services.

Who are some of Provident Financial Services' key competitors?

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), Alibaba Group (BABA), Geron (GERN), Immunomedics (IMMU), Valeant Pharmaceuticals Intl (VRX), United Parcel Service (UPS), NovaBay Pharmaceuticals (NBY), Provident Financial (PFG), Clearside Biomedical (CLSD) and Ekso Bionics (EKSO).

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the folowing people:
  • Mr. Christopher P. Martin, Chairman, Pres & CEO (Age 63)
  • Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 55)
  • Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 64)
  • Mr. Donald W. Blum, Exec. VP & Chief Lending Officer of the Provident Bank (Age 63)
  • Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 44)

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.94%), Systematic Financial Management LP (0.78%), Rhumbline Advisers (0.30%), California Public Employees Retirement System (0.26%), State of New Jersey Common Pension Fund D (0.24%) and First Trust Advisors LP (0.13%). Company insiders that own Provident Financial Services stock include Brian Giovinazzi, Carlos Hernandez, Donald W Blum, Edward Odonnell, Frank L Fekete, James P Dunigan, Matthew K Harding and Ursuline F Foley. View Institutional Ownership Trends for Provident Financial Services.

Which institutional investors are selling Provident Financial Services stock?

PFS stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Municipal Employees Retirement System of Michigan, Commonwealth Equity Services LLC, Comerica Bank, Louisiana State Employees Retirement System and Texas Permanent School Fund. Company insiders that have sold Provident Financial Services company stock in the last year include Brian Giovinazzi, Carlos Hernandez and Frank L Fekete. View Insider Buying and Selling for Provident Financial Services.

Which institutional investors are buying Provident Financial Services stock?

PFS stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, State of Alaska Department of Revenue, California Public Employees Retirement System, First Trust Advisors LP, 6 Meridian, 6 Meridian, Rhumbline Advisers and Russell Investments Group Ltd.. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan, Matthew K Harding and Ursuline F Foley. View Insider Buying and Selling for Provident Financial Services.

How do I buy shares of Provident Financial Services?

Shares of PFS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Provident Financial Services' stock price today?

One share of PFS stock can currently be purchased for approximately $24.82.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.64 billion and generates $418.51 million in revenue each year. The savings and loans company earns $118.39 million in net income (profit) each year or $1.82 on an earnings per share basis. Provident Financial Services employs 1,044 workers across the globe.View Additional Information About Provident Financial Services.

What is Provident Financial Services' official website?

The official website for Provident Financial Services is http://www.provident.bank/.

How can I contact Provident Financial Services?

Provident Financial Services' mailing address is 239 Washington Street, JERSEY CITY NJ, 07302. The savings and loans company can be reached via phone at 732-590-9200 or via email at [email protected]


MarketBeat Community Rating for Provident Financial Services (NYSE PFS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  258 (Vote Outperform)
Underperform Votes:  306 (Vote Underperform)
Total Votes:  564
MarketBeat's community ratings are surveys of what our community members think about Provident Financial Services and other stocks. Vote "Outperform" if you believe PFS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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