Provident Financial Services (PFS) Stock Price, News & Analysis

Company Overview

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. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, retail and industrial properties, and office buildings; 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, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning. Further, it 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. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Key Stats

• Today's Range: $20.91 to $21.55
• 50-Day Range: $17.64 to $21.86
• 52-Week Range: $13.07 to $22.23
• Volume: 637,637 shs
• Average Volume: 622,118 shs
• Market Capitalization: $2.79 billion
• P/E Ratio: 20.58
• Dividend Yield: 4.49%
• Price Target: $23.00
• Consensus Rating: Buy

Provident Financial Services Stock Analysis - MarketRank™

Provident Financial Services scored higher than 77% of companies evaluated by MarketBeat, and ranked 327th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Provident Financial Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Provident Financial Services has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.76%

Earnings Growth

Earnings for Provident Financial Services are expected to grow by 15.76% in the coming year, from $1.84 to $2.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Provident Financial Services is 20.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.62.

Price to Earnings Ratio vs. Sector

The P/E ratio of Provident Financial Services is 20.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.07.

Price to Book Value per Share Ratio

Provident Financial Services has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.18% of the outstanding shares of Provident Financial Services have been sold short.

Short Interest Ratio / Days to Cover

Provident Financial Services has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Provident Financial Services has recently decreased by 17.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Provident Financial Services is a leading dividend payer. It pays a dividend yield of 4.49%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Provident Financial Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Provident Financial Services is 92.31%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Provident Financial Services will have a dividend payout ratio of 45.07% next year. This indicates that Provident Financial Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.18% of the outstanding shares of Provident Financial Services have been sold short.

Short Interest Ratio / Days to Cover

Provident Financial Services has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in Provident Financial Services has recently decreased by 17.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.99

News Sentiment

Provident Financial Services has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Provident Financial Services this week, compared to 3 articles on an average week.

Search Interest

Only 2 people have searched for PFS on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

2 people have added Provident Financial Services to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Provident Financial Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $99,477.00 in company stock.

Percentage Held by Insiders

Only 4.29% of the stock of Provident Financial Services is held by insiders.

Percentage Held by Institutions

71.97% 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.

PFS Stock Analysis - Frequently Asked Questions

How have PFS shares performed this year?

Provident Financial Services' stock was trading at $18.03 on January 1st, 2024. Since then, PFS stock has increased by 18.7% and is now trading at $21.40.
View the best growth stocks for 2024 here.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) posted its earnings results on Tuesday, October, 29th. The savings and loans company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.11. The savings and loans company earned $349.38 million during the quarter, compared to the consensus estimate of $211.25 million. Provident Financial Services had a trailing twelve-month return on equity of 5.21% and a net margin of 9.55%.

Who are Provident Financial Services' major shareholders?

Provident Financial Services' top institutional shareholders include State Street Corp (5.89%), Geode Capital Management LLC (2.26%), Systematic Financial Management LP (1.45%) and Wellington Management Group LLP (1.42%). Insiders that own company stock include Christopher P Martin, Vito Giannola, Frank L Fekete, Matthew K Harding, Valerie O Murray, James P Dunigan, James A Christy, Walter Sierotko, Robert Mcnerney, George Lista, Anthony J Labozzetta and John Pugliese.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Provident Financial Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Provident Financial Services investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), Voyager Therapeutics (VYGR) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 10/29/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/16/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:PFS
• CUSIP: 74386T10
• CIK: 1178970
• Web: www.provident.bank
• Phone: (732) 590-9200
• Fax: 201-915-5480
• Employees: 1,142
• Year Founded: 1839

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $27.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +7.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.04
• Trailing P/E Ratio: 20.58
• Forward P/E Ratio: 11.63
• P/E Growth: N/A
• Net Income: $128.40 million
• Net Margins: 9.55%
• Pretax Margin: 12.83%
• Return on Equity: 5.21%
• Return on Assets: 0.58%

Debt

• Debt-to-Equity Ratio: 1.02
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $603.57 million
• Price / Sales: 4.63
• Cash Flow: $1.88 per share
• Price / Cash Flow: 11.40
• Book Value: $20.09 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 130,488,000
• Free Float: 124,890,000
• Market Cap: $2.79 billion
• Optionable: Optionable
• Beta: 1.03