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NYSE:PFS

Provident Financial Services Stock Forecast, Price & News

$13.77
-0.06 (-0.43 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$13.53
Now: $13.77
$14.21
50-Day Range
$11.79
MA: $12.89
$13.83
52-Week Range
$9.05
Now: $13.77
$25.49
Volume220,346 shs
Average Volume249,632 shs
Market Capitalization$907.03 million
P/E Ratio10.28
Dividend Yield7.21%
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.
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Provident Financial Services logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 out of 5 stars

Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP74386T10
Phone732-590-9200
Employees1,015

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$435.26 million
Cash Flow$2.06 per share
Book Value$21.42 per share

Profitability

Net Income$112.63 million

Miscellaneous

Market Cap$907.03 million
Next Earnings Date10/30/2020 (Confirmed)
OptionableOptionable
$13.77
-0.06 (-0.43 %)
(As of 10/23/2020 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 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 (WHO). Since then, PFS shares have decreased by 15.4% and is now trading at $13.77.
View which stocks have been most impacted by COVID-19
.

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

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Provident Financial Services
.

When is Provident Financial Services' next earnings date?

Provident Financial Services is scheduled to release its next quarterly earnings announcement on Friday, October 30th 2020.
View our earnings forecast for Provident Financial Services
.

How can I listen to Provident Financial Services' earnings call?

Provident Financial Services will be holding an earnings conference call on Friday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) announced its earnings results on Thursday, July, 30th. The savings and loans company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. The savings and loans company had revenue of $84.19 million for the quarter, compared to the consensus estimate of $86.27 million. Provident Financial Services had a return on equity of 6.15% and a net margin of 20.60%. The firm's revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share.
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 Friday, July 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.23 per share on Friday, August 28th. This represents a $0.92 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Thursday, August 13th.
View Provident Financial Services' dividend history
.

What price target have analysts set for PFS?

4 equities research analysts have issued 1-year price objectives for Provident Financial Services' shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate Provident Financial Services' stock price to reach $15.00 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts' price targets for Provident Financial Services
.

Are investors shorting Provident Financial Services?

Provident Financial Services saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 998,000 shares, a decrease of 14.0% from the September 15th total of 1,160,000 shares. Based on an average trading volume of 387,700 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.7% of the company's stock are short sold.
View Provident Financial Services' Short Interest
.

Who are some of Provident Financial Services' key 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)

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 Dalton Greiner Hartman Maher & Co. (0.63%), Assenagon Asset Management S.A. (0.17%), State of Alaska Department of Revenue (0.10%), CWM LLC (0.09%), Louisiana State Employees Retirement System (0.05%) and Beese Fulmer Investment Management Inc. (0.02%). 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, Ursuline F Foley and Walter Sierotko.
View institutional ownership trends for Provident Financial Services
.

Which institutional investors are selling Provident Financial Services stock?

PFS stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., CWM LLC, and Assenagon Asset Management S.A..
View insider buying and selling activity for Provident Financial Services
.

Which institutional investors are buying Provident Financial Services stock?

PFS stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Beese Fulmer Investment Management Inc., and State of Alaska Department of Revenue. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan, Matthew K Harding, 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 $13.77.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $907.03 million 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 1,015 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 10/24/2020 by MarketBeat.com Staff

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