NYSE:PFS

Provident Financial Services Stock Forecast, Price & News

Top Beat the Market™ Stocks

$16.42

+0.17 (+1.05 %)

(As of 12/3/2020 12:00 AM ET)

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Today's Range

$16.13

Now: $16.42▼

$16.53

50-Day Range

$12.72

MA: $14.51▼

$16.78

52-Week Range

$9.05

Now: $16.42▼

$25.31

Volume271,808 shs

Average Volume364,238 shs

Market Capitalization$1.29 billion

P/E Ratio12.25

Dividend Yield5.66%

Beta0.98

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.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Provident Financial Services has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Provident Financial Services has a forecasted downside of 8.6% from its current price of $16.42.
Amount of Analyst Coverage
Provident Financial Services has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Provident Financial Services has received 272 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Provident Financial Services has received 335 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Provident Financial Services has received 55.19% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Provident Financial Services is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Provident Financial Services has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Provident Financial Services is 52.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Provident Financial Services will have a dividend payout ratio of 69.17% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Provident Financial Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought $13,620.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Provident Financial Services is held by insiders.
Percentage Held by Institutions
66.59% of the stock of Provident Financial Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Provident Financial Services are expected to grow by 31.68% in the coming year, from $1.01 to $1.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Provident Financial Services is 12.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Provident Financial Services is 12.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.52.
Price to Book Value per Share Ratio
Provident Financial Services has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.62 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Federal savings institutions

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNYSE:PFS

Previous Symbol

CUSIP74386T10

CIK1178970

Webwww.provident.bank

Phone732-590-9200

Employees968

Debt

Debt-to-Equity Ratio0.86

Current Ratio1.07

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio12.25

Forward P/E Ratio16.26

P/E GrowthN/A

Sales & Book Value

Annual Sales$435.26 million

Price / Sales2.96

Cash Flow$2.46 per share

Price / Cash Flow6.68

Book Value$21.42 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$1.74

Net Income$112.63 million

Net Margins20.60%

Return on Equity6.15%

Return on Assets0.86%

Miscellaneous

Outstanding Shares78,572,000

Market Cap$1.29 billion

Next Earnings Date1/29/2021 (Estimated)

OptionableOptionable

$16.42

+0.17 (+1.05 %)

(As of 12/3/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Provident Financial Services (NYSE:PFS) Frequently Asked Questions

How has Provident Financial Services' stock price been impacted by COVID-19?

Provident Financial Services' stock was trading at $16.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PFS stock has increased by 0.9% and is now trading at $16.42.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Provident Financial Services?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Provident Financial Services or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Provident Financial Services?

Wall Street analysts have given Provident Financial Services a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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.

When is Provident Financial Services' next earnings date?

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

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) posted its quarterly earnings results on Friday, October, 30th. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.12. The savings and loans company earned $102.61 million during the quarter, compared to analyst estimates of $97.43 million. Provident Financial Services had a return on equity of 6.15% and a net margin of 20.60%. During the same period last year, the company posted $0.49 EPS.
View Provident Financial Services' earnings history.

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, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Thursday, November 12th.
View Provident Financial Services' dividend history.

What price target have analysts set for PFS?

5 Wall Street analysts have issued 12-month price targets for Provident Financial Services' shares. 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 twelve months. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for Provident Financial Services.

Are investors shorting Provident Financial Services?

Provident Financial Services saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 505,000 shares, a drop of 41.9% from the October 31st total of 869,700 shares. Based on an average daily volume of 349,600 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the shares of the company are short sold.
View Provident Financial Services' Short Interest.

Who are some of Provident Financial Services' key competitors?

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), At Home Group (HOME), EverQuote (EVER) and OceanFirst Financial (OCFC).
View all 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).

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the following people:

Mr. Christopher P. Martin, Chairman & CEO (Age 64, Pay $1.51M)
Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 56, Pay $856.21k)
Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 65, Pay $768.88k)
Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 45, Pay $606.93k)
Mr. Anthony J. Labozzetta, Pres, COO & Director (Age 56)
Mr. Leonard G. Gleason Esq., Sr. VP & Investor Relations Officer
Mr. James A. Christy, Exec. VP & Chief Risk Officer of Provident Bank (Age 53)
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 56)

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.52%), State Street Corp (3.62%), Banc Funds Co. LLC (1.60%), Westwood Holdings Group Inc. (1.60%), JPMorgan Chase & Co. (1.22%) and Charles Schwab Investment Management Inc. (0.95%). Company insiders that own Provident Financial Services stock include Brian Giovinazzi, Carlos Hernandez, Frank L Fekete, 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 major investors are selling Provident Financial Services stock?

PFS stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Dalton Greiner Hartman Maher & Co., Mackay Shields LLC, Squarepoint Ops LLC, Aigen Investment Management LP, Alberta Investment Management Corp, Beacon Investment Advisory Services Inc., and JPMorgan Chase & Co..
View insider buying and selling activity for Provident Financial Services.

Which major investors are buying Provident Financial Services stock?

PFS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Banc Funds Co. LLC, Westwood Holdings Group Inc., State Street Corp, PL Capital Advisors LLC, Principal Financial Group Inc., Charles Schwab Investment Management Inc., and Kistler Tiffany Companies 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Provident Financial Services' stock price today?

One share of PFS stock can currently be purchased for approximately $16.42.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.29 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 968 workers across the globe.

What is Provident Financial Services' official website?

The official website for Provident Financial Services is 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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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