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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
NYSE:PFS

Provident Financial Services - PFS Stock Forecast, Price & News

$24.90
+0.36 (+1.47%)
(As of 08/12/2022 09:15 PM ET)
Add
Compare
Today's Range
$24.55
$24.90
50-Day Range
$21.60
$24.90
52-Week Range
$21.26
$26.20
Volume
179,100 shs
Average Volume
333,069 shs
Market Capitalization
$1.88 billion
P/E Ratio
11.91
Dividend Yield
3.86%
Price Target
$30.00

Provident Financial Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.5% Upside
$30.00 Price Target
Short Interest
Healthy
2.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.27mentions of Provident Financial Services in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$66,450 Sold Last Quarter
Proj. Earnings Growth
11.01%
From $2.27 to $2.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Finance Sector

158th out of 926 stocks

Federal Savings Institutions Industry

10th out of 44 stocks

PFS stock logo

About Provident Financial Services (NYSE:PFS) Stock

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. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its 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. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company 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 of December 31, 2021, it operated 96 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Provident Financial Services Trading Up 1.5 %

Shares of Provident Financial Services stock opened at $24.90 on Friday. Provident Financial Services has a 12-month low of $21.26 and a 12-month high of $26.20. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.88 billion, a PE ratio of 11.91 and a beta of 0.89. The company has a 50-day moving average of $22.93 and a two-hundred day moving average of $23.01.

Provident Financial Services (NYSE:PFS - Get Rating) last announced its quarterly earnings results on Friday, July 29th. The savings and loans company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. Provident Financial Services had a net margin of 31.96% and a return on equity of 9.59%. The company had revenue of $120.41 million for the quarter, compared to analyst estimates of $120.12 million. During the same quarter last year, the business earned $0.58 EPS. Provident Financial Services's revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Provident Financial Services will post 2.27 EPS for the current fiscal year.

Provident Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 11th. Provident Financial Services's dividend payout ratio is currently 45.93%.

Analyst Upgrades and Downgrades

PFS has been the topic of several research analyst reports. Royal Bank of Canada lifted their price objective on Provident Financial Services from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, August 1st. DA Davidson reissued a "neutral" rating on shares of Provident Financial Services in a research report on Wednesday, July 27th.

Insiders Place Their Bets

In other Provident Financial Services news, CEO George Lista sold 3,000 shares of the business's stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $22.15, for a total transaction of $66,450.00. Following the completion of the transaction, the chief executive officer now directly owns 103,873 shares of the company's stock, valued at approximately $2,300,786.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Valerie O. Murray acquired 1,400 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average cost of $21.62 per share, with a total value of $30,268.00. Following the completion of the transaction, the executive vice president now owns 39,683 shares of the company's stock, valued at approximately $857,946.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Lista sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $22.15, for a total transaction of $66,450.00. Following the completion of the sale, the chief executive officer now directly owns 103,873 shares of the company's stock, valued at $2,300,786.95. The disclosure for this sale can be found here. 4.26% of the stock is owned by company insiders.

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PFS Stock News Headlines

Provident Financial Services, Inc. (PFS)
Best Income Stocks to Buy for June 9th
Provident Financial Services Tops Q1 EPS by 12c
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PFS Company Calendar

Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
7/29/2022
Ex-Dividend for 8/26 Dividend
8/11/2022
Today
8/15/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
74386T10
Employees
1,159
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+20.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
2 Analysts

Profitability

Net Income
$167.92 million
Pretax Margin
43.56%

Debt

Sales & Book Value

Annual Sales
$489.15 million
Cash Flow
$2.45 per share
Book Value
$21.01 per share

Miscellaneous

Free Float
72,229,000
Market Cap
$1.88 billion
Optionable
Optionable
Beta
0.89

Key Executives

  • Mr. Christopher P. Martin (Age 66)
    Exec. Chairman
    Comp: $1.83M
  • Mr. Anthony J. Labozzetta (Age 58)
    Pres, CEO & Director
    Comp: $1.33M
  • Mr. Thomas M. Lyons CPA (Age 58)
    Sr. EVP & CFO
    Comp: $998.69k
  • Mr. John F. Kuntz Esq. (Age 67)
    Sr. EVP, Gen. Counsel & Corp. Sec.
    Comp: $986.11k
  • Ms. Valerie O. Murray CFP (Age 47)
    Exec. VP & Chief Wealth Management Officer of Provident Bank
    Comp: $811.46k
  • Adriano M. Duarte
    Sr. VP & Investor Relations Officer
  • Mr. Robert G. Capozzoli (Age 51)
    Sr. VP & Chief Marketing Officer
  • Mr. Brian Giovinazzi (Age 68)
    Exec. VP & Chief Credit Officer of the Provident Bank
  • Mr. Frank S. Muzio CPA (Age 69)
    Exec. VP & Chief Accounting Officer of Provident Bank
  • Mr. James A. Christy (Age 55)
    Exec. VP & Chief Risk Officer of Provident Bank













PFS Stock - Frequently Asked Questions

Should I buy or sell Provident Financial Services stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PFS shares.
View PFS analyst ratings
or view top-rated stocks.

What is Provident Financial Services' stock price forecast for 2022?

2 brokerages have issued 1-year price targets for Provident Financial Services' stock. Their PFS share price forecasts range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 20.5% 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 2022?

Provident Financial Services' stock was trading at $24.22 at the beginning of the year. Since then, PFS shares have increased by 2.8% and is now trading at $24.90.
View the best growth stocks for 2022 here
.

When is Provident Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our PFS earnings forecast
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) issued its quarterly earnings results on Friday, July, 29th. The savings and loans company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The savings and loans company had revenue of $120.41 million for the quarter, compared to analyst estimates of $120.12 million. Provident Financial Services had a net margin of 31.96% and a trailing twelve-month return on equity of 9.59%. The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS.

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 Monday, August 1st. Stockholders of record on Friday, August 12th will be paid a dividend of $0.24 per share on Friday, August 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 11th.
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 3.86%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 38.10% 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 variety of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (2.70%), Northern Trust Corp (1.00%), Victory Capital Management Inc. (0.91%), Renaissance Technologies LLC (0.37%), Rhumbline Advisers (0.30%) and Beacon Investment Advisory Services Inc. (0.29%). Insiders that own company stock include Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John Pugliese, John R Kamin, Matthew K Harding, Thomas W Berry, Ursuline F Foley, 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 $24.90.

How much money does Provident Financial Services make?

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.88 billion and generates $489.15 million in revenue each year. The savings and loans company earns $167.92 million in net income (profit) each year or $2.09 on an earnings per share basis.

How many employees does Provident Financial Services have?

The company employs 1,159 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 8/15/2022 by MarketBeat.com Staff

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