Provident Financial Services Stock Forecast, Price & News

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.

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.
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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.

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.

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.

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.
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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.

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.

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%.
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Some companies that are related to Provident Financial Services include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), LendingTree (TREE), Walker & Dunlop (WD), The Simply Good Foods (SMPL), WSFS Financial (WSFS), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC), Brookline Bancorp (BRKL) and Berkshire Hills Bancorp (BHLB).
View all of PFS's competitors.

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).

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

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.

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.

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.

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.
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One share of PFS stock can currently be purchased for approximately $20.22.

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.

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

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

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

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]