The stock of Provident Financial Services Inc. (NYSE:PFS) increased by $0.33 on Friday to finish at $18.19, up 1.85 percent. The last five days have seen an average of 449,320 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$3.17. The average number of shares traded over the last 20 days was 475,490, while the average volume over the last 50 days totaled 490,630.
PFS stock appreciated 5.57% since last month. On 07/12/23, the company’s shares reached a one-month low of $16.74. The stock touched a high of $25.61 on 02/07/23, after rallying from a low of $14.54 in 52 weeks. The price of PFS stock has declined by -14.84% or -$3.17 this year, reaching a new high 17 times. Still, the stock price is down -28.97% from the 52-week high.
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Insider Transactions
PFS stock investors should be aware that Provident Financial Services Inc. (PFS) stock had its last reported insider trading activity 101 days ago on May 05. On May 05, President and CEO LABOZZETTA ANTHONY J acquired 3,200 shares at $15.60 each. This transaction resulted in the insider spending $49,926. On May 05, LISTA GEORGE added 1,500 shares at a price of US$15.66. After the transaction, the insider now owns 6,741 shares. President and CEO LABOZZETTA ANTHONY J had earlier bought 60 shares on May 03 for $15.72 a share. The transaction was completed for $943.
Valuation Metrics
Provident Financial Services Inc. (PFS) has a trailing price-to-earnings (P/E) ratio of 8.22. Beta for the stock is 0.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.44, the price-to-book (PB) ratio of 0.83, and the price-to-cash flow ratio of 7.60.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year. A $0.01 dividend increase was reported on Monday November 1 2021.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.01, and the total debt to equity ratio is 0.01. Provident Financial Services Inc.’s operating margin stood at 72.90% for the same period. Based on annual data, it had gross profit of $417.55 million and revenue of $466.18 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PFS’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 21.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. At the end of Provident Financial Services Inc.’s most recent quarter, its total debt was $2.03 billion. Equity owned by shareholders amounts to $75.61 million.
Technical Picture
Here’s a quick look at Provident Financial Services Inc.’s (PFS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 48.93%, suggesting the stock is Neutral, with a 20.19% historical volatility rate.
The stochastic %K and %D were 20.07% and 24.33% respectively, while the average true range (ATR) was 0.51. Based on the 14-day stochastic reading of 27.04%, the RSI (14) reading is 51.71%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.49.
Analyst Ratings
Provident Financial Services Inc. (NYSE: PFS) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Provident Financial Services Inc. (PFS) an Hold rating. PFS is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is PFS’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $23.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Provident Financial Services Inc. (PFS) is $20.60.
