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Provident Financial Services Inc (PFS) – Don’t Be So Quick to Call it Dead

Provident Financial Services Inc (NYSE: PFS) is -25.35% lower on its value in year-to-date trading and has touched a low of $13.16 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 $13.63 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $13.46, the stock is -7.89% and -8.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -1.25% at the moment leaves the stock -13.30% off its SMA200. PFS registered -27.44% loss for a year compared to 6-month loss of -18.42%.

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The stock witnessed a -15.61% gain in the last 1 month and extending the period to 3 months gives it a -5.21%, and is -1.68% down 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 2.12% over the week and 2.62% over the month.

Provident Financial Services Inc (PFS) has around 1142 employees, a market worth around $1.75B and $714.43M in sales. Current P/E ratio is 8.42 and Fwd P/E is 6.13. Profit margin for the company is 16.79%. Distance from 52-week low is 2.28% and -31.40% from its 52-week high. The company has generated returns on investments over the last 12 months (5.08%).

The EPS is expected to grow by 8.07% this year

The shares outstanding are 129.90M, and float is at 121.98M with Short Float at 3.18%.

Provident Financial Services Inc (PFS) Insider Activity

The most recent transaction is an insider purchase by LABOZZETTA ANTHONY J, the company’s President and CEO. SEC filings show that LABOZZETTA ANTHONY J bought 868 shares of the company’s common stock on May 20 ’24 at a price of $15.95 per share for a total of $13840.0. Following the purchase, the insider now owns 4573.0 shares.

Provident Financial Services Inc disclosed in a document filed with the SEC on Feb 05 ’24 that LISTA GEORGE (Pres/CEO Prov Protection Plus) bought a total of 1,094 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $15.85 per share for $17335.0. Following the transaction, the insider now directly holds 7835.0 shares of the PFS stock.

Still, SEC filings show that on Jan 30 ’24, McNerney Robert (Director) disposed off 5,000 shares at an average price of $17.86 for $89312.0. The insider now directly holds 9,475 shares of Provident Financial Services Inc (PFS).

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