Provident Financial Services Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 35/403 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 22.70.In the medium term, the stock price is expected to remain stable.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Provident Financial Services Inc's Score
Industry at a Glance
Industry Ranking
35 / 403
Overall Ranking
82 / 4563
Industry
Banking Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
5
analysts
Buy
Current Rating
22.700
Target Price
+13.44%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Provident Financial Services Inc Highlights
StrengthsRisks
Provident Financial Services, Inc. is the holding company for Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank operating full-service branch offices throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank invests in mortgage-backed securities and other permissible investments. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. The Bank has approximately 140 branches.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 39.45% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 87.39%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 87.39%.
Overvalued
The company’s latest PB is 0.96, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 94.55M shares, decreasing 3.26% quarter-over-quarter.
Provident Financial Services, Inc. is the holding company for Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank operating full-service branch offices throughout New Jersey, Bucks, Lehigh and Northampton counties in Pennsylvania, as well as Orange, Queens and Nassau Counties in New York. The Bank attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank invests in mortgage-backed securities and other permissible investments. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. The Bank has approximately 140 branches.
Ticker SymbolPFS
CompanyProvident Financial Services Inc
CEOLabozzetta (Anthony J)
Websitehttps://www.provident.bank/
FAQs
What is the current price of Provident Financial Services Inc (PFS)?
The current price of Provident Financial Services Inc (PFS) is 20.345.
What is the symbol of Provident Financial Services Inc?
The ticker symbol of Provident Financial Services Inc is PFS.
What is the 52-week high of Provident Financial Services Inc?
The 52-week high of Provident Financial Services Inc is 21.290.
What is the 52-week low of Provident Financial Services Inc?
The 52-week low of Provident Financial Services Inc is 14.335.
What is the market capitalization of Provident Financial Services Inc?
The market capitalization of Provident Financial Services Inc is 2.66B.
What is the net income of Provident Financial Services Inc?
The net income of Provident Financial Services Inc is 115.53M.
Is Provident Financial Services Inc (PFS) currently rated as Buy, Hold, or Sell?
According to analysts, Provident Financial Services Inc (PFS) has an overall rating of Buy, with a price target of 22.700.
What is the Earnings Per Share (EPS TTM) of Provident Financial Services Inc (PFS)?
The Earnings Per Share (EPS TTM) of Provident Financial Services Inc (PFS) is 1.994.