During the last session, Provident Financial Services Inc (NYSE:PFS)’s traded shares were 0.79 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $18.54, reflecting an intraday loss of -1.33% or -$0.25. The 52-week high for the PFS share is $22.24, that puts it down -19.96 from that peak though still a striking 22.65% gain since the share price plummeted to a 52-week low of $14.34. The company’s market capitalization is $2.42B, and the average intraday trading volume over the past 10 days was 0.68 million shares, and the average trade volume was 655.57K shares over the past three months.
Provident Financial Services Inc (PFS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. PFS has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
Provident Financial Services Inc (NYSE:PFS) trade information
Provident Financial Services Inc (PFS) registered a -1.33% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.33% in intraday trading to $18.54, hitting a weekly high. The stock’s 5-day price performance is -1.70%, and it has moved by 8.55% in 30 days. Based on these gigs, the overall price performance for the year is -1.75%. The short interest in Provident Financial Services Inc (NYSE:PFS) is 3.3 million shares and it means that shorts have 6.1 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 7.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $19 and $21 respectively. As a result, PFS is trading at a discount of -13.27% off the target high and -2.48% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.56%. While earnings are projected to return 12.52% in 2025.
PFS Dividends
Provident Financial Services Inc is due to release its next quarterly earnings on 2025-Apr-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Provident Financial Services Inc is 0.96, with the dividend yield indicating at 5.18 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.11%.
Provident Financial Services Inc (NYSE:PFS)’s Major holders
Provident Financial Services Inc insiders own 2.98% of total outstanding shares while institutional holders control 70.01%, with the float percentage being 72.16%. BLACKROCK INC. is the largest shareholder of the company, while 347.0 institutions own stock in it. As of 2024-06-30, the company held over 17.16 million shares (or 16.6673% of all shares), a total value of $246.25 million in shares.
The next largest institutional holding, with 14.46 million shares, is of VANGUARD GROUP INC’s that is approximately 14.0469% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $207.53 million.
Also, the Mutual Funds coming in first place with the largest holdings of Provident Financial Services Inc (PFS) shares are iShares Trust-iShares Core S&P Small-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on May 31, 2025 indicates that iShares Trust-iShares Core S&P Small-Cap ETF owns about 6.94 shares. This amounts to just over 5.32 percent of the company’s overall shares, with a $128.63 million market value. The same data shows that the other fund manager holds slightly less at 3.89, or about 2.98% of the stock, which is worth about $72.19 million.
