Provident Financial Services - PFS Stock Forecast, Price & News

3 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 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PFS shares. 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 PFS analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price objectives for Provident Financial Services' shares. Their PFS share price forecasts range from $22.00 to $30.00. On average, they anticipate the company's stock price to reach $25.33 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for PFS or view top-rated stocks among Wall Street analysts.

Provident Financial Services' stock was trading at $21.36 at the beginning of the year. Since then, PFS stock has decreased by 6.2% and is now trading at $20.04.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our PFS earnings forecast.

Provident Financial Services, Inc. (NYSE:PFS) issued its quarterly earnings data on Thursday, October, 28th. The savings and loans company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The savings and loans company had revenue of $99.59 million for the quarter, compared to the consensus estimate of $113.23 million. Provident Financial Services had a trailing twelve-month return on equity of 11.06% and a net margin of 31.71%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share.

Provident Financial Services announced a quarterly dividend on Friday, January 27th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.24 per share on Friday, February 24th. This represents a $0.96 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for PFS.

ETFs with the largest weight of Provident Financial Services (NYSE:PFS) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco KBW Regional Banking ETF (KBWR), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), iShares S&P Small-Cap 600 Value ETF (IJS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

Provident Financial Services (NYSE:PFS) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.81%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 35.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFS.

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 number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.61%), American Century Companies Inc. (2.59%), Principal Financial Group Inc. (2.54%), Geode Capital Management LLC (1.83%), Charles Schwab Investment Management Inc. (1.04%) and Norges Bank (0.99%). Insiders that own company stock include Christopher P Martin, Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John Pugliese, John R Kamin, Matthew K Harding, Robert Mcnerney, Thomas W Berry, Ursuline F Foley, Valerie O Murray, Vito Giannola and Walter Sierotko.
View institutional ownership trends.

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.

One share of PFS stock can currently be purchased for approximately $20.04.

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.51 billion and generates $505.34 million in revenue each year. The savings and loans company earns $175.65 million in net income (profit) each year or $2.35 on an earnings per share basis.

The company employs 1,153 workers across the globe.

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.