Provident Financial Services Inc (NYSE: PFS) is -6.73% 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 $17.19 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $17.60, the stock is 3.09% and -2.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 2.39% at the moment leaves the stock -3.77% off its SMA200. PFS registered 21.30% gain for a year compared to 6-month loss of -5.17%. The firm has a 50-day simple moving average (SMA 50) of $17.9812 and a 200-day simple moving average (SMA200) of $18.2892.
The stock witnessed a -0.90% gain in the last 1 month and extending the period to 3 months gives it a -6.58%, and is 1.50% 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 2.63% over the week and 2.39% over the month.
Provident Financial Services Inc (PFS) has around 1801 employees, a market worth around $2.30B and $1.14B in sales. Current P/E ratio is 16.85 and Fwd P/E is 7.68. Profit margin for the company is 10.14%. Distance from 52-week low is 34.66% and -20.86% from its 52-week high. The company has generated returns on investments over the last 12 months (3.13%).
The EPS is expected to grow by 12.10% this year
353.0 institutions hold shares in Provident Financial Services Inc (PFS), with institutional investors hold 72.10% of the company’s shares. The shares outstanding are 130.49M, and float is at 115.86M with Short Float at 2.70%. Institutions hold 69.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.46 million shares valued at $207.53 million. The investor’s holdings represent 19.2165 of the PFS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.16 million shares valued at $246.25 million to account for 16.6673 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.79 million shares representing 10.3469 and valued at over $111.74 million, while MKP CAPITAL MANAGEMENT, L.L.C. holds 9.8099 of the shares totaling 10.1 million with a market value of $144.94 million.
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 1,000 shares of the company’s common stock on Mar 13 ’25 at a price of $16.73 per share for a total of $16729.0. Following the purchase, the insider now owns 9956.0 shares.
Provident Financial Services Inc disclosed in a document filed with the SEC on Dec 11 ’24 that Christy James A. (EVP, CRO of Provident Bank) sold a total of 3,500 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $20.88 per share for $73080.0. Following the transaction, the insider now directly holds 34254.0 shares of the PFS stock.
Still, SEC filings show that on Dec 11 ’24, Christy James A. (Officer) Proposed Sale 3,500 shares at an average price of $20.75 for $72625.0. The insider now directly holds shares of Provident Financial Services Inc (PFS).
