Provident Financial Services Inc (NYSE: PFS) is -1.48% lower on its value in year-to-date trading and has touched a low of $13.07 and a high of $22.24 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 $18.48 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $18.59, the stock is -3.76% and -7.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing 0.60% at the moment leaves the stock 7.33% off its SMA200. PFS registered 6.23% gain for a year compared to 6-month gain of 23.19%. The firm has a 50-day simple moving average (SMA 50) of $20.1092 and a 200-day simple moving average (SMA200) of $17.31975.
The stock witnessed a -10.45% loss in the last 1 month and extending the period to 3 months gives it a 4.32%, and is -1.48% 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 3.20% over the week and 2.93% over the month.
Provident Financial Services Inc (PFS) has around 1142 employees, a market worth around $2.43B and $987.11M in sales. Current P/E ratio is 17.95 and Fwd P/E is 8.71. Profit margin for the company is 9.55%. Distance from 52-week low is 42.23% and -16.41% from its 52-week high. The company has generated returns on investments over the last 12 months (2.51%).
The EPS is expected to grow by 8.97% this year
342.0 institutions hold shares in Provident Financial Services Inc (PFS), with institutional investors hold 71.14% of the company’s shares. The shares outstanding are 130.45M, and float is at 115.96M with Short Float at 2.58%. Institutions hold 69.14% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.16 million shares valued at $246.25 million. The investor’s holdings represent 22.8013 of the PFS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.46 million shares valued at $207.53 million to account for 19.2165 of the shares outstanding. The other top investors are MKP CAPITAL MANAGEMENT, L.L.C. which holds 10.1 million shares representing 13.4201 and valued at over $144.94 million, while DIMENSIONAL FUND ADVISORS LP holds 10.3469 of the shares totaling 7.79 million with a market value of $111.74 million.
Provident Financial Services Inc (PFS) Insider Activity
The most recent transaction is an insider sale by Christy James A., the company’s EVP, CRO of Provident Bank. SEC filings show that Christy James A. sold 3,500 shares of the company’s common stock on Dec 11 ’24 at a price of $20.88 per share for a total of $73080.0. Following the sale, the insider now owns 34254.0 shares.
Still, SEC filings show that on Nov 20 ’24, LEPPERT EDWARD J (Director) disposed off 69,921 shares at an average price of $20.63 for $1.44 million. The insider now directly holds 78,245 shares of Provident Financial Services Inc (PFS).
