At the time of writing, Provident Financial Services Inc [PFS] stock is trading at $21.79, up 14.44%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PFS shares have gain 14.50% over the last week, with a monthly amount glided 22.28%, and 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 August 15, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $21 from $20. Previously, DA Davidson upgraded its rating to Buy on April 22, 2024, and elevated its price target to $20. On August 22, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $20 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $26 on August 19, 2022. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $26 on March 05, 2021. Boenning & Scattergood upgraded its rating to Outperform for this stock on March 13, 2020. In a note dated October 11, 2019, RBC Capital Mkts initiated an Sector Perform rating and provided a target price of $26 on this stock.
For the past year, the stock price of Provident Financial Services Inc fluctuated between $13.07 and $19.97. 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 $21.79 at the most recent close of the market. An investor can expect a potential drop of -8.21% based on the average PFS price forecast.
Analyzing the PFS fundamentals
According to Provident Financial Services Inc [NYSE:PFS], the company’s sales were 987.27M for trailing twelve months, which represents an 97.03% jump. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 0.81%, Pretax Profit Margin comes in at 0.14%, 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 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 20.97 points at the first support level, and at 20.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.31, and for the 2nd resistance point, it is at 22.82.
Ratios To Look Out For
It is important to note that Provident Financial Services Inc [NYSE:PFS] has a current ratio of 0.03. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 21.04.
Transactions by insiders
Recent insider trading involved Giannola Vito, EVP & CRBO of provident Bank, that happened on Aug 21 ’24 when 6501.0 shares were sold. EVP & CRBO of provident Bank, Giannola Vito completed a deal on Aug 20 ’24 to sell 5499.0 shares. Meanwhile, Officer Giannola Vito bought 12000.0 shares on Aug 19 ’24.
