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 equities research analysts have issued 1 year target prices 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 11.9% 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 $24.22 at the beginning of the year. Since then, PFS stock has decreased by 6.5% and is now trading at $22.64.
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Provident Financial Services saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,940,000 shares, an increase of 40.0% from the September 30th total of 2,100,000 shares. Based on an average daily volume of 413,800 shares, the days-to-cover ratio is currently 7.1 days. Approximately 4.3% of the shares of the company are sold short.
View Provident Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our PFS earnings forecast.

Provident Financial Services, Inc. (NYSE:PFS) released its quarterly earnings results on Thursday, October, 28th. The savings and loans company reported $0.49 EPS for the quarter, beating 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 analyst estimates of $113.23 million. Provident Financial Services had a trailing twelve-month return on equity of 10.16% and a net margin of 31.47%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS.

Provident Financial Services announced a quarterly dividend on Friday, October 28th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.24 per share on Friday, November 25th. This represents a $0.96 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, November 9th.
Read our dividend analysis for PFS.

Provident Financial Services (NYSE:PFS) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.25%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 36.78% 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.65%), Vanguard Group Inc. (10.92%), Dimensional Fund Advisors LP (7.40%), State Street Corp (4.40%), Bank of New York Mellon Corp (1.28%) and Victory Capital Management Inc. (1.04%). 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.

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.
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One share of PFS stock can currently be purchased for approximately $22.64.

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.70 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 $2.18 on an earnings per share basis.

The company employs 1,159 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.