NYSE:PFS

Provident Financial Services Stock Forecast, Price & News

$23.85
-1.10 (-4.41 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$23.75
$25.03
50-Day Range
$22.48
$25.61
52-Week Range
$11.76
$25.70
Volume363,668 shs
Average Volume331,281 shs
Market Capitalization$1.86 billion
P/E Ratio13.63
Dividend Yield3.69%
Beta1.06
30 days | 90 days | 365 days | Advanced Chart
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Provident Financial Services logo

About Provident Financial Services

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and 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 unsecured lines of credit, 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, 2020, it operated 99 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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MarketRank

Overall MarketRank

1.64 out of 5 stars

Finance Sector

554th out of 1,974 stocks

Federal Savings Institutions Industry

22nd out of 110 stocks

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Provident Financial Services (NYSE:PFS) Frequently Asked Questions

Is Provident Financial Services a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Provident Financial Services stock.
View analyst ratings for Provident Financial Services
or view top-rated stocks.

What stocks does MarketBeat like better than Provident Financial Services?

Wall Street analysts have given Provident Financial Services a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Provident Financial Services wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Provident Financial Services' next earnings date?

Provident Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Provident Financial Services
.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) issued its quarterly earnings results on Thursday, April, 29th. The savings and loans company reported $0.63 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.20. The savings and loans company earned $100.53 million during the quarter, compared to analyst estimates of $111.37 million. Provident Financial Services had a net margin of 28.84% and a trailing twelve-month return on equity of 8.32%. The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS.
View Provident Financial Services' earnings history
.

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. Since then, PFS stock has increased by 46.5% and is now trading at $23.85.
View which stocks have been most impacted by COVID-19
.

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 Monday, May 3rd. Stockholders of record on Friday, May 14th will be paid a dividend of $0.23 per share on Friday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, May 13th.
View Provident Financial Services' dividend history
.

Is Provident Financial Services a good dividend stock?

Provident Financial Services pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.69%. Provident Financial Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Provident Financial Services is 66.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Provident Financial Services will have a dividend payout ratio of 51.98% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend.
View Provident Financial Services' dividend history.

What price target have analysts set for PFS?

5 brokers have issued 12 month price targets for Provident Financial Services' shares. Their forecasts range from $15.00 to $26.00. On average, they anticipate Provident Financial Services' share price to reach $20.50 in the next twelve months. This suggests that the stock has a possible downside of 14.0%.
View analysts' price targets for Provident Financial Services
or view top-rated stocks among Wall Street analysts.

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the following people:
  • Mr. Christopher P. Martin, Chairman & CEO (Age 65, Pay $1.75M)
  • Mr. Anthony J. Labozzetta, Pres, COO & Director (Age 57, Pay $948.59k)
  • Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 57, Pay $949.08k)
  • Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 66, Pay $932.47k)
  • Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 46, Pay $744.17k)
  • Mr. Walter Sierotko, Exec. VP & Chief Lending Officer (Age 57, Pay $782.24k)
  • Mr. Leonard G. Gleason Esq., Sr. VP & Investor Relations Officer
  • Mr. James A. Christy, Exec. VP & Chief Risk Officer of Provident Bank (Age 54)
  • Mr. Larry Favre, Sr. VP & Deputy Lending Officer of the Provident Bank
  • Mr. Joseph A. Spatola, Sr. VP & Chief Compliance Officer of Provident Bank

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).

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.66%), Dimensional Fund Advisors LP (7.00%), Principal Financial Group Inc. (1.95%), Principal Financial Group Inc. (1.95%), Westwood Holdings Group Inc. (1.59%) and Geode Capital Management LLC (1.48%). Company insiders that own Provident Financial Services stock include Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John R Kamin, Matthew K Harding, Thomas W Berry, Ursuline F Foley and Walter Sierotko.
View institutional ownership trends for Provident Financial Services
.

Which major investors are selling Provident Financial Services stock?

PFS stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Goldman Sachs Group Inc., Dalton Greiner Hartman Maher & Co., Renaissance Technologies LLC, Morgan Stanley, Arrowstreet Capital Limited Partnership, Dimensional Fund Advisors LP, and Victory Capital Management Inc.. Company insiders that have sold Provident Financial Services company stock in the last year include Edward J Leppert, Frank L Fekete, George Lista, James A Christy, John R Kamin, and Walter Sierotko.
View insider buying and selling activity for Provident Financial Services
or view top insider-selling stocks.

Which major investors are buying Provident Financial Services stock?

PFS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Brandywine Global Investment Management LLC, Westwood Holdings Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Geode Capital Management LLC, Millennium Management LLC, Citadel Advisors LLC, and Principal Financial Group Inc.. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan, Matthew K Harding, Thomas W Berry, Ursuline F Foley, and Walter Sierotko.
View insider buying and selling activity for Provident Financial Services
or or view top insider-buying stocks.

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 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 $23.85.

How much money does Provident Financial Services make?

Provident Financial Services has a market capitalization of $1.86 billion and generates $435.74 million in revenue each year. The savings and loans company earns $96.95 million in net income (profit) each year or $1.39 on an earnings per share basis.

How many employees does Provident Financial Services have?

Provident Financial Services employs 1,155 workers across the globe.

What is Provident Financial Services' official website?

The official website for Provident Financial Services is www.provident.bank.

Where are Provident Financial Services' headquarters?

Provident Financial Services is headquartered at 239 Washington Street, JERSEY CITY NJ, 07302.

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 6/18/2021 by MarketBeat.com Staff
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