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

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

4 brokers have issued 1 year price targets for Provident Financial Services' stock. Their PFS share price targets range from $15.00 to $20.00. On average, they expect the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 28.5% 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 $18.03 at the start of the year. Since then, PFS shares have decreased by 24.5% and is now trading at $13.62.
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Provident Financial Services saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,790,000 shares, an increase of 26.4% from the March 15th total of 3,790,000 shares. Based on an average daily trading volume, of 664,000 shares, the days-to-cover ratio is currently 7.2 days. Approximately 7.0% of the shares of the company are short sold.
View Provident Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our PFS earnings forecast.

Provident Financial Services will be holding an earnings conference call on Friday, April 19th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "3610756".

Provident Financial Services, Inc. (NYSE:PFS) posted its quarterly earnings data on Friday, January, 26th. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.04. The savings and loans company had revenue of $114.76 million for the quarter, compared to the consensus estimate of $114.30 million. Provident Financial Services had a net margin of 18.46% and a trailing twelve-month return on equity of 7.88%. Provident Financial Services's revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share.

Provident Financial Services announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Friday, February 9th will be given a dividend of $0.24 per share on Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Thursday, February 8th.
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 6.85%. PFS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 56.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFS will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFS.

ETFs with the largest weight of Provident Financial Services (NYSE:PFS) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco KBW Regional Banking ETF (KBWR) and WBI Power Factor High Dividend ETF (WBIY).First Trust Merger Arbitrage ETF (MARB).

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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.02%). Insiders that own company stock include Anthony J Labozzetta, Christopher P Martin, Edward J Leppert, Frank L Fekete, George Lista, James A Christy, James P Dunigan, John Pugliese, Matthew K Harding, Robert Mcnerney, Valerie O Murray, Vito Giannola and Walter Sierotko.
View institutional ownership trends.

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.
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