NYSE:PFS - Provident Financial Services Stock Price, Price Target & More

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$27.86 +0.20 (+0.72 %)
(As of 07/22/2018 10:32 AM ET)
Previous Close$27.86
Today's Range$27.60 - $28.04
52-Week Range$23.26 - $29.12
Volume178,731 shs
Average Volume135,845 shs
Market Capitalization$1.87 billion
P/E Ratio17.63
Dividend Yield2.87%
Beta0.98
Provident Financial Services logoProvident 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
SymbolNYSE:PFS
CUSIP74386T10
Phone732-590-9200

Debt

Debt-to-Equity Ratio1.24
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio17.63
Forward P/E Ratio16.78
P/E Growth1.96

Sales & Book Value

Annual Sales$379.54 million
Price / Sales4.92
Cash Flow$1.7413 per share
Price / Cash16.00
Book Value$19.52 per share
Price / Book1.43

Profitability

EPS (Most Recent Fiscal Year)$1.52
Net Income$93.94 million
Net Margins25.30%
Return on Equity7.89%
Return on Assets1.06%

Miscellaneous

Employees1,054
Outstanding Shares67,010,000
Market Cap$1,866.95

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, April 30th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.20 per share on Thursday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, May 14th. View Provident Financial Services' Dividend History.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) issued its quarterly earnings data on Friday, April, 27th. The savings and loans company reported $0.43 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.43. The savings and loans company had revenue of $86.58 million for the quarter, compared to analyst estimates of $86.38 million. Provident Financial Services had a return on equity of 7.89% and a net margin of 25.30%. Provident Financial Services's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 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, July, 27th 2018. View Earnings Estimates for Provident Financial Services.

What price target have analysts set for PFS?

6 brokers have issued 1 year price targets for Provident Financial Services' shares. Their forecasts range from $25.00 to $30.00. On average, they anticipate Provident Financial Services' stock price to reach $28.10 in the next year. This suggests a possible upside of 0.9% from the stock's current price. View Analyst Ratings for Provident Financial Services.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

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. " (6/28/2018)
  • 2. Boenning Scattergood analysts commented, "We view Provident Financial Services, Inc. as a well-run institution with strong credit metrics, balance sheet growth in commercial categories that should generate positive economic returns on capital, diversified fee income that has become a larger contributor to revenue, and strong expense controls. However, we believe the current share price accurately reflects the company’s fundamental position. The stock trades in-line with peers based on 2018 P/E (17.0x vs. 17.4x), but at a discount based on price-to-tangible book (2.1x vs. 2.4x). The current tangible book discount is not enough for us to suggest investors get constructive in the stock considering the peer-like P/E ratio. As such, we maintain our Neutral rating on PFS shares." (10/27/2017)

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)

Has Provident Financial Services been receiving favorable news coverage?

Media headlines about PFS stock have trended somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Provident Financial Services earned a news impact score of 0.07 on Accern's scale. They also assigned press coverage about the savings and loans company an impact score of 47.13 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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 Dalton Greiner Hartman Maher & Co. (1.26%), Hennessy Advisors Inc. (0.15%), Trust Co. of Vermont (0.04%) and Municipal Employees Retirement System of Michigan (0.03%). Company insiders that own Provident Financial Services stock include Carlos Hernandez, Christopher P Martin, Donald W Blum, Edward Odonnell, Frank L Fekete, Jack Novielli, James A Christy, James D Nesci, James P Dunigan, John F Kuntz, Laura L Brooks 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 Hennessy Advisors Inc., Municipal Employees Retirement System of Michigan and Trust Co. of Vermont. Company insiders that have sold Provident Financial Services company stock in the last year include Carlos Hernandez, Donald W Blum, Edward Odonnell, Frank L Fekete and Laura L Brooks. 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 Dalton Greiner Hartman Maher & Co.. 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 $27.86.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.87 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.

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:  204 (Vote Outperform)
Underperform Votes:  245 (Vote Underperform)
Total Votes:  449
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 7/22/2018 by MarketBeat.com Staff

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