Provident Financial Services - PFS Stock Forecast, Price & News

3 Wall Street equities research 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 equities research 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.
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3 equities research analysts have issued 12-month target prices for Provident Financial Services' stock. 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 4.5% from the stock's current price.
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Provident Financial Services' stock was trading at $21.36 at the beginning of the year. Since then, PFS shares have increased by 13.5% and is now trading at $24.25.
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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) released its earnings results on Thursday, October, 28th. The savings and loans company reported $0.49 EPS for the quarter, topping the consensus estimate 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 net margin of 31.71% and a trailing twelve-month return on equity of 11.06%. 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 business earned $0.37 earnings per share.

Provident Financial Services declared a quarterly dividend on Friday, January 27th. Shareholders of record on Friday, February 10th will be given a dividend of $0.24 per share on Friday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, February 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 4.05%. 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 36.09% 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 institutional and retail investors. Top institutional shareholders include Beacon Investment Advisory Services Inc. (0.28%), State of New Jersey Common Pension Fund D (0.14%), New York State Common Retirement Fund (0.13%), CWM LLC (0.08%), State of Alaska Department of Revenue (0.07%) and Yousif Capital Management LLC (0.06%). 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, Thomas W Berry, Ursuline F Foley, Valerie O Murray, Vito Giannola and Walter Sierotko.
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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 $24.25.

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.83 billion and generates $553.97 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 1,159 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.