Provident Financial Services, I which can be found using ticker (PFS) have now 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 25 and 20 with the average target price sitting at $23.20. Given that the stocks previous close was at $18.33 this would indicate that there is a potential upside of 26.6%. The 50 day moving average now sits at $21.50 while the 200 day moving average is $22.17. The company has a market cap of $1,387m. You can visit the company’s website by visiting: https://www.provident.bank
The potential market cap would be $1,755m based on the market consensus.
Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company’s loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
The company has a dividend yield of 5.24% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 7.83, revenue per share of 6.65 and a 1.27% return on assets.
