A share price of Provident Financial Services Inc [PFS] is currently trading at $17.21, up 0.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The PFS shares have gain 3.49% over the last week, with a monthly amount drifted -2.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Provident Financial Services Inc [NYSE: PFS] stock has seen the most recent analyst activity on April 22, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $20 from $15. Previously, Piper Sandler upgraded its rating to Overweight on August 22, 2023, and kept the price target unchanged to $20. On August 19, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $26 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $26 on March 05, 2021. Boenning & Scattergood upgraded its rating to a Outperform. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on October 11, 2019, and assigned it a price target of $26. In a note dated December 20, 2018, Sandler O’Neill upgraded an Buy rating on this stock.
Provident Financial Services Inc experienced fluctuations in its stock price throughout the past year between $13.07 and $19.16. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Provident Financial Services Inc [NYSE: PFS] shares were valued at $17.21 at the most recent close of the market. An investor can expect a potential return of 16.21% based on the average PFS price forecast.
Analyzing the PFS fundamentals
Trailing Twelve Months sales for Provident Financial Services Inc [NYSE:PFS] were 815.22M which represents 59.54% growth. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.98 points at the first support level, and at 16.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.34, and for the 2nd resistance point, it is at 17.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Provident Financial Services Inc [NYSE:PFS] is 0.03. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 16.24.
Transactions by insiders
Recent insider trading involved LABOZZETTA ANTHONY J, President and CEO, that happened on May 20 ’24 when 868.0 shares were purchased. Pres/CEO Prov Protection Plus, LISTA GEORGE completed a deal on Feb 05 ’24 to buy 1094.0 shares. Meanwhile, Director McNerney Robert sold 5000.0 shares on Jan 30 ’24.
