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

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$24.24 +0.33 (+1.38 %)
(As of 12/12/2018 04:00 PM ET)
Previous Close$23.91
Today's Range$23.88 - $24.49
52-Week Range$22.22 - $29.12
Volume154,400 shs
Average Volume164,828 shs
Market Capitalization$1.99 billion
P/E Ratio15.95
Dividend Yield3.53%
Beta0.63
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. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA and KEOGH accounts. 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, and marine 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 trust and estate administrative services; and asset management services comprising investment management, asset allocation, trust and fiduciary, financial and tax planning, family office, estate settlement, and custody services to individuals, municipalities, non-profits, corporations, and pension funds. 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, as well as offers investment advisory services. As of December 31, 2017, the company operated 84 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNYSE:PFS
Previous Symbol
CUSIP74386T10
Phone732-590-9200

Debt

Debt-to-Equity Ratio1.17
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio15.95
Forward P/E Ratio13.85
P/E Growth1.7

Sales & Book Value

Annual Sales$379.54 million
Price / Sales5.31
Cash Flow$1.7668 per share
Price / Cash Flow13.72
Book Value$19.52 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$1.52
Net Income$93.94 million
Net Margins25.16%
Return on Equity8.09%
Return on Assets1.09%

Miscellaneous

Employees1,054
Outstanding Shares83,210,000
Market Cap$1.99 billion
OptionableOptionable

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 quarterly dividend on Monday, October 29th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.21 per share on Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, November 14th. View Provident Financial Services' Dividend History.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) issued its earnings results on Friday, October, 26th. The savings and loans company reported $0.54 EPS for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.08. The savings and loans company earned $91.70 million during the quarter, compared to analyst estimates of $89.09 million. Provident Financial Services had a return on equity of 8.09% and a net margin of 25.16%. During the same period in the previous year, the firm earned $0.41 earnings per share. 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, January 25th 2019. View Earnings Estimates for Provident Financial Services.

What price target have analysts set for PFS?

3 analysts have issued 1 year price targets for Provident Financial Services' stock. Their predictions range from $25.50 to $29.00. On average, they expect Provident Financial Services' stock price to reach $27.25 in the next year. This suggests a possible upside of 12.4% 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 3 hold ratings 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. " (11/1/2018)
  • 2. Boenning Scattergood analysts commented, "We remain Neutral on shares of PFS following 3Q18 results. We expect future loan growth in the low-to-mid-single-digit range, slower than some peers, due to a combination of competitive markets, elevated borrower paydown activity, and strict underwriting criteria. The other big 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, Durbin is still likely to reduce revenue by approximately $3 million. Shares of Provident currently trade above peers at 13.3x our 2019 EPS estimate (11.5x peer average) and 1.8x TBV (1.6x peer average). Thus, as we weigh the strengths and challenges facing the company today, we view the stock as fairly valued." (10/26/2018)

Has Provident Financial Services been receiving favorable news coverage?

News coverage about PFS stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Provident Financial Services earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news headlines about the savings and loans company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are some of Provident Financial Services' key competitors?

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the folowing people:
  • Mr. Christopher P. Martin, Chairman, Pres & CEO (Age 62)
  • Mr. Thomas M. Lyons CPA, Exec. VP & CFO (Age 54)
  • Mr. John F. Kuntz Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
  • Mr. Donald W. Blum, Exec. VP & Chief Lending Officer of the Provident Bank (Age 62)
  • Mr. Michael A. Raimonde, Exec. VP & Director of Retail Banking of the Provident Bank (Age 66)

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.26%), Vanguard Group Inc. (7.43%), Dimensional Fund Advisors LP (8.41%), Renaissance Technologies LLC (1.98%), Beacon Investment Advisory Services Inc. (1.73%) and Bank of New York Mellon Corp (1.49%). Company insiders that own Provident Financial Services stock include Carlos Hernandez, Donald W Blum, Edward Odonnell, Frank L Fekete, James D Nesci, James P Dunigan, Laura L Brooks, Matthew K Harding and Michael A Raimonde. 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 Teachers Advisors LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Hennessy Advisors Inc., Prudential Financial Inc., Systematic Financial Management LP, TIAA CREF Investment Management LLC and Credit Suisse AG. Company insiders that have sold Provident Financial Services company stock in the last year include Carlos Hernandez and Edward Odonnell. 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 BlackRock Inc., Vanguard Group Inc., Dalton Greiner Hartman Maher & Co., Bridgeway Capital Management Inc., Renaissance Technologies LLC, Assenagon Asset Management S.A., First Trust Advisors LP and Dimensional Fund Advisors LP. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan and Matthew K Harding. 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, Scottrade, Fidelity and Charles Schwab.

What is Provident Financial Services' stock price today?

One share of PFS stock can currently be purchased for approximately $24.24.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.99 billion and generates $379.54 million in revenue each year. The savings and loans company earns $93.94 million in net income (profit) each year or $1.52 on an earnings per share basis. Provident Financial Services employs 1,054 workers across the globe.

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:  236 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  508
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 12/12/2018 by MarketBeat.com Staff

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