Provident Financial Services - PFS Stock Forecast, Price & News

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.

3 Wall Street analysts have issued 12-month target prices for Provident Financial Services' shares. Their PFS share price forecasts range from $26.00 to $30.00. On average, they expect the company's share price to reach $28.00 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for PFS or view top-rated stocks among Wall Street analysts.

Provident Financial Services' stock was trading at $24.22 at the start of the year. Since then, PFS shares have decreased by 17.4% and is now trading at $20.01.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our PFS earnings forecast.

Provident Financial Services, Inc. (NYSE:PFS) issued its earnings results on Friday, July, 29th. The savings and loans company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The savings and loans company earned $120.41 million during the quarter, compared to analysts' expectations of $120.12 million. Provident Financial Services had a net margin of 31.96% and a trailing twelve-month return on equity of 9.59%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share.

Provident Financial Services declared a quarterly dividend on Monday, August 1st. Investors of record on Friday, August 12th will be paid a dividend of $0.24 per share on Friday, August 26th. This represents a $0.96 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, August 11th.
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 4.74%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 38.10% 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 retail and institutional investors. Top institutional shareholders include State Street Corp (4.32%), Principal Financial Group Inc. (2.70%), Northern Trust Corp (1.00%), Victory Capital Management Inc. (0.91%), Voya Investment Management LLC (0.39%) and Renaissance Technologies LLC (0.37%). Insiders that own company stock include Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John Pugliese, John R Kamin, Matthew K Harding, 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 $20.01.

Provident Financial Services (NYSE:PFS) has a market capitalization of $1.51 billion and generates $489.15 million in revenue each year. The savings and loans company earns $167.92 million in net income (profit) each year or $2.09 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.