Provident Financial Services Inc (NYSE: PFS) is -23.74% lower on its value in year-to-date trading and has touched a low of $13.22 and a high of $19.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PFS stock was last observed hovering at around $13.62 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $13.75, the stock is -4.13% and -7.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 0.95% at the moment leaves the stock -14.29% off its SMA200. PFS registered -22.88% loss for a year compared to 6-month loss of -7.16%.
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The stock witnessed a -5.17% gain in the last 1 month and extending the period to 3 months gives it a -17.32%, and is 1.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.34% over the month.
Provident Financial Services Inc (PFS) has around 1142 employees, a market worth around $1.04B and $695.64M in sales. Current P/E ratio is 8.02 and Fwd P/E is 6.47. Profit margin for the company is 18.46%. Distance from 52-week low is 4.01% and -29.92% from its 52-week high. The company has generated returns on investments over the last 12 months (4.96%).
The EPS is expected to grow by 1.05% this year
The shares outstanding are 75.54M, and float is at 68.70M with Short Float at 6.97%.
Provident Financial Services Inc (PFS) Insider Activity
The most recent transaction is an insider purchase by LISTA GEORGE, the company’s Pres/CEO Prov Protection Plus. SEC filings show that LISTA GEORGE bought 1,094 shares of the company’s common stock on Feb 05 ’24 at a price of $15.85 per share for a total of $17335.0. Following the purchase, the insider now owns 7835.0 shares.
Provident Financial Services Inc disclosed in a document filed with the SEC on Jan 30 ’24 that McNerney Robert (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jan 30 ’24 and was made at $17.86 per share for $89312.0. Following the transaction, the insider now directly holds 9475.0 shares of the PFS stock.
Still, SEC filings show that on Nov 10 ’23, Dunigan James P (Director) acquired 200 shares at an average price of $14.25 for $2850.0. The insider now directly holds 37,335 shares of Provident Financial Services Inc (PFS).
