NYSE:PFSProvident Financial Services Stock Price, Forecast & News

$12.86

-0.18 (-1.38 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$12.77

Now: $12.86▼

$13.43

50-Day Range

$11.32

MA: $13.11▼

$16.09

52-Week Range

$9.05

Now: $12.86▼

$25.86

Volume196,100 shs

Average Volume325,618 shs

Market Capitalization$847.59 million

P/E Ratio8.57

Dividend Yield7.15%

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, and KEOGH 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, and marine 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 trust and estate administration services; and asset management services comprising investment management, asset allocation, trust and estate administration, financial planning, tax compliance and planning, and family office services to individuals, municipalities, non-profits, corporations, and pension funds. 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, 2018, it operated 84 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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Provident Financial Services has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, Provident Financial Services has a potential upside of 102.2% from its current price of $12.86.
Amount of Analyst Coverage
Provident Financial Services has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Provident Financial Services has received 270 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Provident Financial Services has received 325 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Provident Financial Services has received 54.62% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Provident Financial Services and other stocks. Vote “Outperform” if you believe PFS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PFS will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Provident Financial Services is a leading dividend payer. It pays a dividend yield of 7.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Provident Financial Services has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Provident Financial Services is 52.87 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Provident Financial Services will have a dividend payout ratio of 60.53 % next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Provident Financial Services insiders have bought more of their company's stock than they have sold. Specifically, they have bought $52,662.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Provident Financial Services is held by insiders.
Percentage Held by Institutions
65.36% 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.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Provident Financial Services are expected to grow by 27.73% in the coming year, from $1.19 to $1.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Provident Financial Services is 8.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Provident Financial Services is 8.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.56.
Price to Book Value per Share Ratio
Provident Financial Services has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.37 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Federal savings institutions

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNYSE:PFS

Previous Symbol

CUSIP74386T10

CIK1178970

Webwww.provident.bank

Phone732-590-9200

Debt

Debt-to-Equity Ratio0.88

Current Ratio1.07

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio8.57

Forward P/E Ratio10.81

P/E GrowthN/A

Sales & Book Value

Annual Sales$435.26 million

Price / Sales1.95

Cash Flow$1.88 per share

Price / Cash Flow6.83

Book Value$21.42 per share

Price / Book0.60

Profitability

EPS (Most Recent Fiscal Year)$1.74

Net Income$112.63 million

Net Margins22.18%

Return on Equity6.89%

Return on Assets0.97%

Miscellaneous

Employees1,015

Outstanding Shares65,909,000

Market Cap$847.59 million

Next Earnings Date7/24/2020 (Estimated)

OptionableOptionable

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Provident Financial Services (NYSE:PFS) Frequently Asked Questions

How has Provident Financial Services' stock been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 21.0% and is now trading at $12.86. View which stocks have been most impacted by Coronavirus.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 1 hold rating and 1 buy rating 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, July 24th 2020. View our earnings forecast for Provident Financial Services.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) posted its quarterly earnings data on Thursday, April, 30th. The savings and loans company reported $0.23 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.11. The savings and loans company had revenue of $88.17 million for the quarter, compared to the consensus estimate of $87.96 million. Provident Financial Services had a return on equity of 6.89% and a net margin of 22.18%. The company's revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.48 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 announced a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.23 per share on Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Thursday, May 14th. View Provident Financial Services' dividend history.

What price target have analysts set for PFS?

2 brokers have issued 1-year price objectives for Provident Financial Services' shares. Their forecasts range from $26.00 to $26.00. On average, they anticipate Provident Financial Services' stock price to reach $26.00 in the next year. This suggests a possible upside of 102.2% from the stock's current price. View analysts' price targets for Provident Financial Services.

Has Provident Financial Services been receiving favorable news coverage?

Press coverage about PFS stock has trended very negative on Thursday, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Provident Financial Services earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news stories about the savings and loans company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutProvident Financial Services.

Are investors shorting Provident Financial Services?

Provident Financial Services saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,360,000 shares, an increase of 12.4% from the April 30th total of 1,210,000 shares. Based on an average daily trading volume, of 360,700 shares, the short-interest ratio is currently 3.8 days. Currently, 2.3% of the company's shares are short sold. View Provident Financial Services' Current Options Chain.

Who are some of Provident Financial Services' key competitors?

Some companies that are related to Provident Financial Services include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), Radian Group (RDN), MGIC Investment (MTG), Washington Federal (WAFD), Simply Good Foods (SMPL), Capitol Federal Financial (CFFN), EverBank Financial (EVER), WSFS Financial (WSFS), Walker & Dunlop (WD), Northwest Bancshares (NWBI), OceanFirst Financial (OCFC) and Oritani Financial (ORIT). View all 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), Alibaba Group (BABA), Geron (GERN), Immunomedics (IMMU), International Paper (IP), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), AT&T (T), Verizon Communications (VZ) and Dominion Energy (D).

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the following people:

Mr. Christopher P. Martin, Chairman, Pres & CEO (Age 63)
Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 55)
Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 64)
Mr. Donald W. Blum, Exec. VP & Chief Lending Officer of the Provident Bank (Age 63)
Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 44)

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.22%), State Street Corp (3.29%), Invesco Ltd. (1.67%), Bank of New York Mellon Corp (1.48%), Geode Capital Management LLC (1.33%) and Acadian Asset Management LLC (1.03%). Company insiders that own Provident Financial Services stock include Brian Giovinazzi, Carlos Hernandez, Frank L Fekete, James P Dunigan, 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 The Manufacturers Life Insurance Company , Morgan Stanley, Morgan Stanley, BlackRock Inc., Parametric Portfolio Associates LLC, Bank of New York Mellon Corp, UBS Group AG, and Citigroup Inc.. Company insiders that have sold Provident Financial Services company stock in the last year include Brian Giovinazzi, and Carlos Hernandez. 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 JPMorgan Chase & Co., State Street Corp, Acadian Asset Management LLC, Geode Capital Management LLC, Two Sigma Investments LP, Los Angeles Capital Management & Equity Research Inc., Two Sigma Advisers LP, and Cornercap Investment Counsel Inc.. 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 $12.86.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $847.59 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, 07306. 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 6/4/2020 by MarketBeat.com Staff