NYSE:PFS Provident Financial Services - PFS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Provident Financial Services, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $19.46 -0.88 (-4.33%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$19.43▼$20.3650-Day Range$19.46▼$24.4752-Week Range$18.89▼$25.61Volume694,345 shsAverage Volume513,319 shsMarket Capitalization$1.47 billionP/E Ratio8.28Dividend Yield4.93%Price Target$25.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Provident Financial Services MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside30.2% Upside$25.33 Price TargetShort InterestBearish5.00% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 3 Articles This WeekInsider TradingSelling Shares$1.27 M Sold Last QuarterProj. Earnings Growth11.43%From $2.45 to $2.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.60 out of 5 starsFinance Sector383rd out of 876 stocksFederal Savings Institutions Industry16th out of 40 stocks 3.2 Analyst's Opinion Consensus RatingProvident Financial Services has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $25.33, Provident Financial Services has a forecasted upside of 30.2% from its current price of $19.46.Amount of Analyst CoverageProvident Financial Services has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.00% of the float of Provident Financial Services has been sold short.Short Interest Ratio / Days to CoverProvident Financial Services has a short interest ratio ("days to cover") of 9.2.Change versus previous monthShort interest in Provident Financial Services has recently increased by 3.61%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipProvident Financial Services is a leading dividend payer. It pays a dividend yield of 4.81%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthProvident Financial Services does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Provident Financial Services is 40.85%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Provident Financial Services will have a dividend payout ratio of 35.16% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFS. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 3 news articles for Provident Financial Services this week, compared to 1 article on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Provident Financial Services insiders have sold 2,372.47% more of their company's stock than they have bought. Specifically, they have bought $51,410.00 in company stock and sold $1,271,096.00 in company stock.Percentage Held by InsidersOnly 4.26% of the stock of Provident Financial Services is held by insiders.Percentage Held by Institutions65.22% 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Provident Financial Services are expected to grow by 11.43% in the coming year, from $2.45 to $2.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Provident Financial Services is 8.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Provident Financial Services is 8.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 145.51.Price to Book Value per Share RatioProvident Financial Services has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Provident Financial Services (NYSE:PFS) StockProvident Financial Services, Inc. is a holding company, which engages in the provision of banking services to individual and corporate customers in Northern and Central New Jersey and Eastern Pennsylvania. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.Read More Receive PFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Provident Financial Services and its competitors with MarketBeat's FREE daily newsletter. Email Address PFS Stock News HeadlinesMarch 22, 2023 | marketwatch.comFuel Quality Testing Market Top Players by 2031March 16, 2023 | americanbankingnews.comProvident Financial Services (NYSE:PFS) Receives New Coverage from Analysts at StockNews.comMarch 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 16, 2023 | americanbankingnews.comProvident Financial Services (NYSE:PFS) Research Coverage Started at StockNews.comMarch 15, 2023 | finanznachrichten.dePFSweb, Inc.: PFSweb Reports Strong Fourth Quarter and Full Year 2022 ResultsMarch 14, 2023 | msn.comHNB exclusive banking partner for Kedella Living in StyleMarch 12, 2023 | americanbankingnews.comInsider Buying: Provident Financial Services, Inc. (NYSE:PFS) CEO Purchases 1,500 Shares of StockMarch 6, 2023 | thestreet.comProvident Financial Services Stock To Go Ex-dividend Tomorrow (PFS)March 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 3, 2023 | finance.yahoo.comProvident Financial Services' (NYSE:PFS) investors will be pleased with their decent 36% return over the last three yearsFebruary 6, 2023 | nasdaq.comProvident Financial Services Reaches Analyst Target PriceFebruary 1, 2023 | finance.yahoo.comProvident Financial Services, Inc. and Lakeland Bancorp, Inc. Announce the Receipt of Shareholder Approvals in Connection with Proposed MergerJanuary 27, 2023 | finance.yahoo.comProvident Financial Services, Inc. Announces Record Fourth Quarter and Full Year Earnings, Declaration of Quarterly Cash Dividend and Annual Meeting DateJanuary 17, 2023 | finance.yahoo.comStocks fluctuate at open, financials laggingJanuary 17, 2023 | finance.yahoo.comProvident Welcomes Scott Hurlbert as Digital Channels DirectorJanuary 3, 2023 | finance.yahoo.comProvident Financial Services, Inc. Schedules Fourth Quarter and Year-End Earnings Conference CallJanuary 3, 2023 | finance.yahoo.comNational Survey Finds 67% of Small-to-Medium-Sized Business Owners and Executives Believe a Recession is Likely in 2023December 19, 2022 | finance.yahoo.comInstitutional investors may adopt severe steps after Provident Financial Services, Inc.'s (NYSE:PFS) latest 6.1% drop adds to a year lossesDecember 15, 2022 | markets.businessinsider.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PFS, LBAI, OFIX, IMRADecember 12, 2022 | apnews.comPrime Capital Investment Advisors Partners with Professional Financial ServicesDecember 9, 2022 | msn.comPublic Provident Fund: PPF investment limit change suggested ICAI – Here’s whyNovember 23, 2022 | marketwatch.comGroup Prepaid Legal Service Market Size in 2023 | Share, Key Leaders Analysis, Growth, Future Trends, Emerging Technology | Forecast to 2028November 23, 2022 | 247wallst.comVoss Capital Discloses Major Position in PFSW / PFSweb After Q3 ResultsNovember 17, 2022 | finance.yahoo.comProvident Receives DEI Trailblazer Award from African American Chamber of Commerce and New Jersey Chamber of CommerceNovember 10, 2022 | nasdaq.comProvident Financial Services Breaks Above 200-Day Moving Average - Bullish for PFSNovember 8, 2022 | finance.yahoo.comProvident Financial Services Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS In LineNovember 5, 2022 | finance.yahoo.comProvident Financial Services (NYSE:PFS) Could Be A Buy For Its Upcoming DividendSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Provident Financial Services and its competitors with MarketBeat's FREE daily newsletter. Email Address PFS Company Calendar Last Earnings10/28/2021Ex-Dividend for 2/24 Dividend2/09/2023Dividend Payable2/24/2023Today3/22/2023Next Earnings (Estimated)5/05/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Federal savings institutions Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:PFS CUSIP74386T10 CIK1178970 Webwww.provident.bank Phone(732) 590-9200Fax201-915-5480Employees1,153Year Founded1839Price Target and Rating Average Stock Price Forecast$25.33 High Stock Price Forecast$30.00 Low Stock Price Forecast$22.00 Forecasted Upside/Downside+26.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.35 Trailing P/E Ratio8.53 Forward P/E Ratio8.18 P/E GrowthN/ANet Income$175.65 million Net Margins31.71% Pretax Margin43.34% Return on Equity11.06% Return on Assets1.28% Debt Debt-to-Equity Ratio0.87 Current Ratio0.98 Quick Ratio0.98 Sales & Book Value Annual Sales$505.34 million Price / Sales2.99 Cash Flow$2.55 per share Price / Cash Flow7.86 Book Value$21.23 per share Price / Book0.94Miscellaneous Outstanding Shares75,325,000Free Float72,116,000Market Cap$1.51 billion OptionableOptionable Beta0.98 Social Links Key ExecutivesAnthony J. LabozzettaPresident, Chief Executive Officer & DirectorThomas M. LyonsChief Financial Officer & Senior Executive VPJohn F. KuntzSecretary, Senior Executive VP & General CounselFrank S. MuzioChief Accounting Officer & Executive VPRavi VakacherlaExecutive VP, Chief Digital & Innovation OfficerKey CompetitorsOceanFirst FinancialNASDAQ:OCFCCapitol Federal FinancialNASDAQ:CFFNBrookline BancorpNASDAQ:BRKLNorthfield Bancorp, Inc. (Staten Island, NY)NASDAQ:NFBKKearny FinancialNASDAQ:KRNYView All CompetitorsInsiders & InstitutionsMatthew K HardingBought 1,000 shares on 3/13/2023Total: $20,480.00 ($20.48/share)Victory Capital Management Inc.Sold 113,699 shares on 3/10/2023Ownership: 0.886%George ListaBought 1,500 shares on 3/10/2023Total: $30,930.00 ($20.62/share)Voya Investment Management LLCSold 102,448 shares on 2/28/2023Ownership: 0.147%Point72 Middle East FZEBought 2,009 shares on 2/16/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions PFS Stock - Frequently Asked Questions Should I buy or sell Provident Financial Services stock right now? 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. What is Provident Financial Services' stock price forecast for 2023? 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. How have PFS shares performed in 2023? 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. When is Provident Financial Services' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. View our PFS earnings forecast. How were Provident Financial Services' earnings last quarter? 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. How often does Provident Financial Services pay dividends? What is the dividend yield for Provident Financial Services? 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. What ETFs hold Provident Financial Services' stock? 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). Is Provident Financial Services a good dividend stock? 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. 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). 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 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. How do I buy shares of Provident Financial Services? 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. What is Provident Financial Services' stock price today? One share of PFS stock can currently be purchased for approximately $20.04. How much money does Provident Financial Services make? 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. How many employees does Provident Financial Services have? The company employs 1,153 workers across the globe. How can I contact Provident Financial Services? 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. This page (NYSE:PFS) was last updated on 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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