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The closing price of Provident Financial Services Inc (NYSE: PFS) was $17.98 for the day, up 1.87% from the previous closing price of $17.65. In other words, the price has increased by $1.87 from its previous closing price. On the day, 1.01 million shares were traded. PFS stock price reached its highest trading level at $18.14 during the session, while it also had its lowest trading level at $17.33.
Ratios:
Our analysis of PFS’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, DA Davidson on April 22, 2024, Upgraded its rating to Buy and sets its target price to $20 from $15 previously.
On August 22, 2023, Piper Sandler Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $20.
Piper Sandler Downgraded its Overweight to Neutral on August 19, 2022, while the target price for the stock was maintained at $26.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 20 ’24 when LABOZZETTA ANTHONY J bought 868 shares for $15.95 per share. The transaction valued at 13,840 led to the insider holds 4,573 shares of the business.
LISTA GEORGE bought 1,094 shares of PFS for $17,335 on Feb 05 ’24. The Pres/CEO Prov Protection Plus now owns 7,835 shares after completing the transaction at $15.85 per share. On Jan 30 ’24, another insider, McNerney Robert, who serves as the Director of the company, sold 5,000 shares for $17.86 each. As a result, the insider received 89,312 and left with 9,475 shares of the company.
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 2340744192 and an Enterprise Value of 3316076032. As of this moment, Provident’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.25, and their Forward P/E ratio for the next fiscal year is 8.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 7.516.
Stock Price History:
Over the past 52 weeks, PFS has reached a high of $19.62, while it has fallen to a 52-week low of $13.07. The 50-Day Moving Average of the stock is 22.29%, while the 200-Day Moving Average is calculated to be 17.06%.
Shares Statistics:
PFS traded an average of 1.28M shares per day over the past three months and 1283260 shares per day over the past ten days. A total of 129.90M shares are outstanding, with a floating share count of 121.98M. Insiders hold about 6.10% of the company’s shares, while institutions hold 43.01% stake in the company. Shares short for PFS as of 1719532800 were 4842806 with a Short Ratio of 3.77, compared to 1717113600 on 3884406. Therefore, it implies a Short% of Shares Outstanding of 4842806 and a Short% of Float of 4.5.
Dividends & Splits
With its trailing 12-month dividend rate of 0.96, PFS has a forward annual dividend rate of 0.96. Against a Trailing Annual Dividend Yield of 0.054390933The stock’s 5-year Average Dividend Yield is 5.02.
