Market Watch: Provident Financial Services Inc (PFS)’s Noteworthy Drop, Closing at 15.86

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As of close of business last night, Provident Financial Services Inc’s stock clocked out at $15.86, down -0.81% from its previous closing price of $15.99. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 0.59 million shares were traded. PFS stock price reached its highest trading level at $16.06 during the session, while it also had its lowest trading level at $15.7.

Ratios:

To gain a deeper understanding of PFS’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 05 ’24 when LISTA GEORGE bought 1,094 shares for $15.85 per share. The transaction valued at 17,335 led to the insider holds 7,835 shares of the business.

McNerney Robert sold 5,000 shares of PFS for $89,312 on Jan 30 ’24. The Director now owns 9,475 shares after completing the transaction at $17.86 per share. On Nov 10 ’23, another insider, Dunigan James P, who serves as the Director of the company, bought 200 shares for $14.25 each. As a result, the insider paid 2,850 and bolstered with 37,335 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 1205109376 and an Enterprise Value of 3155597056. As of this moment, Provident’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.92, and their Forward P/E ratio for the next fiscal year is 7.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 7.152.

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 $13.21. The 50-Day Moving Average of the stock is 7.46%, while the 200-Day Moving Average is calculated to be -0.03%.

Shares Statistics:

It appears that PFS traded 759.40K shares on average per day over the past three months and 590730 shares per day over the past ten days. A total of 75.54M shares are outstanding, with a floating share count of 69.17M. Insiders hold about 8.97% of the company’s shares, while institutions hold 72.98% stake in the company. Shares short for PFS as of 1714435200 were 4721685 with a Short Ratio of 6.22, compared to 1711584000 on 4786224. Therefore, it implies a Short% of Shares Outstanding of 4721685 and a Short% of Float of 8.8199995.

Dividends & Splits

With its trailing 12-month dividend rate of 0.96, PFS has a forward annual dividend rate of 1.20. Against a Trailing Annual Dividend Yield of 0.060037524The stock’s 5-year Average Dividend Yield is 4.92.

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