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In the latest session, Provident Financial Services Inc (NYSE: PFS) closed at $17.70 down -1.94% from its previous closing price of $18.05. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 0.62 million shares were traded. PFS stock price reached its highest trading level at $17.855 during the session, while it also had its lowest trading level at $17.385.
Ratios:
For a deeper understanding of Provident Financial Services Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on August 15, 2024, Upgraded its rating to Outperform and sets its target price to $21 from $20 previously.
On April 22, 2024, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $15 to $20.
Piper Sandler Upgraded its Neutral to Overweight on August 22, 2023, while the target price for the stock was maintained at $20.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 21 ’24 when Giannola Vito sold 6,501 shares for $18.00 per share. The transaction valued at 117,018 led to the insider holds 82,155 shares of the business.
Giannola Vito sold 5,499 shares of PFS for $99,467 on Aug 20 ’24. The EVP & CRBO of provident Bank now owns 88,656 shares after completing the transaction at $18.09 per share. On Aug 19 ’24, another insider, Giannola Vito, who serves as the Officer of the company, bought 12,000 shares for $18.15 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PFS now has a Market Capitalization of 2355250688 and an Enterprise Value of 4793486336. As of this moment, Provident’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.70, and their Forward P/E ratio for the next fiscal year is 7.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 11.206.
Stock Price History:
Over the past 52 weeks, PFS has reached a high of $19.59, while it has fallen to a 52-week low of $13.07. The 50-Day Moving Average of the stock is 1.43%, while the 200-Day Moving Average is calculated to be 10.71%.
Shares Statistics:
For the past three months, PFS has traded an average of 988.60K shares per day and 682770 over the past ten days. A total of 123.30M shares are outstanding, with a floating share count of 115.19M. Insiders hold about 6.57% of the company’s shares, while institutions hold 73.54% stake in the company. Shares short for PFS as of 1723680000 were 4540304 with a Short Ratio of 4.59, compared to 1721001600 on 4793576. Therefore, it implies a Short% of Shares Outstanding of 4540304 and a Short% of Float of 4.2.
Dividends & Splits
According to the company, the forward annual dividend rate for PFS is 0.96, from 0.96 in the trailing year. Against a Trailing Annual Dividend Yield of 0.053185597The stock’s 5-year Average Dividend Yield is 5.07.
