S&P 500   3,870.29
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S&P 500   3,870.29
DOW   31,391.52
QQQ   318.40
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S&P 500   3,870.29
DOW   31,391.52
QQQ   318.40
pixel
pixel
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S&P 500   3,870.29
DOW   31,391.52
QQQ   318.40
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NYSE:PFS

Provident Financial Services Stock Forecast, Price & News

$20.22
-0.36 (-1.75 %)
(As of 03/2/2021 12:00 AM ET)
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Today's Range
$20.14
Now: $20.22
$20.73
50-Day Range
$18.02
MA: $19.40
$20.69
52-Week Range
$9.05
Now: $20.22
$21.11
Volume392,030 shs
Average Volume356,876 shs
Market Capitalization$1.59 billion
P/E Ratio16.57
Dividend Yield4.47%
Beta1.04
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 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 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, 2019, it operated 83 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
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Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP74386T10
Phone732-590-9200
Employees1,015
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$435.26 million
Cash Flow$2.01 per share
Book Value$21.42 per share

Profitability

Net Income$112.63 million

Miscellaneous

Market Cap$1.59 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.14 out of 5 stars

Finance Sector

145th out of 1,940 stocks

Federal Savings Institutions Industry

7th out of 111 stocks

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
$20.22
-0.36 (-1.75 %)
(As of 03/2/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Provident Financial Services (NYSE:PFS) Frequently Asked Questions

Is Provident Financial Services a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Provident Financial Services stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFS, but not buy additional shares or sell existing shares.
View analyst ratings for Provident Financial Services
or view top-rated stocks.

What stocks does MarketBeat like better than Provident Financial Services?

Wall Street analysts have given Provident Financial Services a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Provident Financial Services wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Provident Financial Services?

Provident Financial Services saw a decline in short interest in the month of February. As of February 12th, there was short interest totaling 898,000 shares, a decline of 21.9% from the January 28th total of 1,150,000 shares. Based on an average daily trading volume, of 352,200 shares, the short-interest ratio is presently 2.5 days. Approximately 1.5% of the shares of the stock are sold short.
View Provident Financial Services' Short Interest
.

When is Provident Financial Services' next earnings date?

Provident Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Provident Financial Services
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) announced its quarterly earnings results on Friday, January, 29th. The savings and loans company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.17. The savings and loans company had revenue of $109.19 million for the quarter, compared to analysts' expectations of $108.42 million. Provident Financial Services had a trailing twelve-month return on equity of 5.64% and a net margin of 19.45%. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS.
View Provident Financial Services' earnings history
.

How has Provident Financial Services' stock been impacted by Coronavirus (COVID-19)?

Provident Financial Services' stock was trading at $16.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PFS stock has increased by 24.2% and is now trading at $20.22.
View which stocks have been most impacted by COVID-19
.

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 Saturday, January 30th. Shareholders of record on Friday, February 12th will be given a dividend of $0.23 per share on Friday, February 26th. This represents a $0.92 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, February 11th.
View Provident Financial Services' dividend history
.

Is Provident Financial Services a good dividend stock?

Provident Financial Services pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.47%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Provident Financial Services does not yet have a strock track record of dividend growth. The dividend payout ratio of Provident Financial Services is 52.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Provident Financial Services will have a dividend payout ratio of 68.66% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend.
View Provident Financial Services' dividend history.

What price target have analysts set for PFS?

5 equities research analysts have issued 1-year target prices for Provident Financial Services' stock. Their forecasts range from $15.00 to $15.00. On average, they expect Provident Financial Services' share price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 25.8%.
View analysts' price targets for Provident Financial Services
or view top-rated stocks among Wall Street analysts.

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the following people:
  • Mr. Christopher P. Martin, Chairman & CEO (Age 65, Pay $1.51M)
  • Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 57, Pay $856.21k)
  • Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 66, Pay $768.88k)
  • Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 46, Pay $606.93k)
  • Mr. Anthony J. Labozzetta, Pres, COO & Director (Age 57)
  • Mr. Leonard G. Gleason Esq., Sr. VP & Investor Relations Officer
  • Mr. James A. Christy, Exec. VP & Chief Risk Officer of Provident Bank (Age 54)
  • Mr. Larry Favre, Sr. VP & Deputy Lending Officer of the Provident Bank
  • Mr. Joseph A. Spatola, Sr. VP & Chief Compliance Officer of Provident Bank
  • Ms. Josephine Moran, Exec. VP, Chief Corp. Services & Consumer Lending Officer (Age 57)

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), 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.22%), Dimensional Fund Advisors LP (7.07%), Principal Financial Group Inc. (1.84%), Principal Financial Group Inc. (1.84%), Bank of New York Mellon Corp (1.39%) and Banc Funds Co. LLC (1.27%). Company insiders that own Provident Financial Services stock include Brian Giovinazzi, Carlos Hernandez, Frank L Fekete, James A Christy, James P Dunigan, John R Kamin, Matthew K Harding, Thomas W Berry, Ursuline F Foley and Walter Sierotko.
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 Northern Trust Corp, Jacobs Asset Management LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Dalton Greiner Hartman Maher & Co., Wells Fargo & Company MN, JPMorgan Chase & Co., and Banc Funds Co. LLC. Company insiders that have sold Provident Financial Services company stock in the last year include James A Christy, and John R Kamin.
View insider buying and selling activity for Provident Financial Services
or view top insider-selling stocks.

Which institutional investors are buying Provident Financial Services stock?

PFS stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Principal Financial Group Inc., Principal Financial Group Inc., BlackRock Inc., Morgan Stanley, Glenmede Trust Co. NA, Mendon Capital Advisors Corp, and SG Americas Securities LLC. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan, Matthew K Harding, Thomas W Berry, Ursuline F Foley, and Walter Sierotko.
View insider buying and selling activity for Provident Financial Services
or or view top insider-buying stocks.

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 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 $20.22.

How much money does Provident Financial Services make?

Provident Financial Services has a market capitalization of $1.59 billion and generates $435.26 million in revenue each year. The savings and loans company earns $112.63 million in net income (profit) each year or $1.74 on an earnings per share basis.

How many employees does Provident Financial Services have?

Provident Financial Services employs 1,015 workers across the globe.

What is Provident Financial Services' official website?

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

Where are Provident Financial Services' headquarters?

Provident Financial Services is headquartered at 239 Washington Street, JERSEY CITY NJ, 07302.

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]


This page was last updated on 3/3/2021 by MarketBeat.com Staff

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