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The closing price of Provident Financial Services Inc (NYSE: PFS) was $18.27 for the day, down -0.71% from the previous closing price of $18.40. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 0.71 million shares were traded. PFS stock price reached its highest trading level at $18.53 during the session, while it also had its lowest trading level at $18.25.
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 1.09 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:
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 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 2383961088 and an Enterprise Value of 4867862528. As of this moment, Provident’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.24, and their Forward P/E ratio for the next fiscal year is 8.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 11.38.
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 0.65%, while the 200-Day Moving Average is calculated to be 13.22%.
Shares Statistics:
PFS traded an average of 975.60K shares per day over the past three months and 910330 shares per day over the past ten days. A total of 123.30M shares are outstanding, with a floating share count of 115.21M. Insiders hold about 6.56% of the company’s shares, while institutions hold 73.03% stake in the company. Shares short for PFS as of 1724976000 were 4220647 with a Short Ratio of 4.46, compared to 1722384000 on 5080509. Therefore, it implies a Short% of Shares Outstanding of 4220647 and a Short% of Float of 3.9100002000000003.
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 0.052173913The stock’s 5-year Average Dividend Yield is 5.07.
Earnings Estimates
The current rating of Provident Financial Services Inc (PFS) is the result of assessments by 5.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.54, with high estimates of $0.58 and low estimates of $0.51.
Analysts are recommending an EPS of between $1.85 and $1.3 for the fiscal current year, implying an average EPS of $1.52. EPS for the following year is $2.22, with 5.0 analysts recommending between $2.35 and $2.06.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $192.9M to a low estimate of $184M. As of the current estimate, Provident Financial Services Inc’s year-ago sales were $110.35MFor the next quarter, 4 analysts are estimating revenue of $189.14M. There is a high estimate of $192.5M for the next quarter, whereas the lowest estimate is $184.8M.
A total of 4 analysts have provided revenue estimates for PFS’s current fiscal year. The highest revenue estimate was $620.6M, while the lowest revenue estimate was $604M, resulting in an average revenue estimate of $612.89M. In the same quarter a year ago, actual revenue was $399.45MBased on 4 analysts’ estimates, the company’s revenue will be $779.71M in the next fiscal year. The high estimate is $783M and the low estimate is $777.3M.
