PFS - Provident Financial Services Inc Stock Price, Fair Value and News

15.48USD-0.04 (-0.26%)Delayed as of 24 Apr 2024, 02:58 pm ET

Market Summary

USD15.48-0.04

Delayedas of 24 Apr 2024, 02:58 pm

-0.26%

PFS Stock Price

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PFS RSI Chart

PFS Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

9.14

Price/Sales (Trailing)

1.91

EV/EBITDA

1.69

Price/Free Cashflow

7.07

PFS Price/Sales (Trailing)

PFS Profitability

EBT Margin

28.54%

Return on Equity

7.59%

Return on Assets

0.9%

Free Cashflow Yield

14.14%

PFS Fundamentals

PFS Revenue

Revenue (TTM)

615.8M

Rev. Growth (Yr)

19.68%

Rev. Growth (Qtr)

3.78%

PFS Earnings

Earnings (TTM)

128.4M

Earnings Growth (Yr)

-44.3%

Earnings Growth (Qtr)

-4.33%

Breaking Down PFS Revenue

52 Week Range

14.5419.62

(Low)(High)

Last 7 days

13.9%

Last 30 days

4.8%

Last 90 days

-11.5%

Trailing 12 Months

-13.3%

How does PFS drawdown profile look like?

PFS Financial Health

PFS Investor Care

Dividend Yield

6.19%

Dividend/Share (TTM)

0.96

Shares Dilution (1Y)

0.37%

Diluted EPS (TTM)

1.71

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	508.7M	552.4M	588.8M	615.8M
2022	402.8M	408.5M	430.7M	466.2M
2021	375.7M	394.7M	400.8M	402.3M
2020	367.2M	353.1M	353.5M	363.3M
2019	365.9M	373.2M	375.0M	371.5M
2018	332.3M	340.1M	349.5M	359.8M
2017	306.3M	311.9M	317.7M	323.8M
2016	293.5M	296.1M	299.2M	302.3M
2015	287.1M	291.9M	291.2M	291.8M
2014	254.0M	259.0M	269.6M	279.4M
2013	258.7M	255.1M	253.3M	252.8M
2012	273.1M	269.3M	264.9M	262.3M
2011	283.6M	281.4M	278.7M	275.7M
2010	291.5M	291.2M	290.1M	286.5M
2009	0	300.4M	296.5M	292.6M
2008	0	0	0	304.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Provident Financial Services Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 04, 2024	giovinazzi brian	acquired	-	-	4,932	evp, cco of provident bank
Mar 04, 2024	christy james a.	acquired	-	-	3,915	evp, cro of provident bank
Mar 04, 2024	lyons thomas m	acquired	-	-	5,820	sevp and cfo
Mar 04, 2024	powell carolyn	acquired	-	-	3,715	evp & chro of provident bank
Mar 04, 2024	labozzetta anthony j	acquired	-	-	16,267	president and ceo
Mar 04, 2024	duarte adriano m.	acquired	-	-	2,158	evp & cao of provident bank
Mar 04, 2024	vakacherla ravi	acquired	-	-	4,710	cdio of provident bank
Mar 04, 2024	sierotko walter	acquired	-	-	4,110	evp/clo of provident bank
Mar 04, 2024	macdougall bennett	acquired	-	-	4,021	evp, general counsel, sec
Mar 04, 2024	lista george	acquired	-	-	2,260	pres/ceo prov protection plus

Which funds bought or sold PFS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-7.75	-59,824	175,233	-%
Apr 22, 2024	Byrne Asset Management LLC	unchanged	-	-6,177	22,613	0.02%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-3.32	84,363	686,636	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.98	-167,000	670,000	0.01%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	reduced	-16.00	-138,000	289,000	0.04%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-114,488	380,526	0.01%
Apr 19, 2024	Tradewinds Capital Management, LLC	new	-	4,371	4,371	-%
Apr 18, 2024	Oak Thistle LLC	sold off	-100	-202,152	-	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-191	801	-%
Apr 18, 2024	SJS Investment Consulting Inc.	added	50.00	7.00	44.00	-%

Are Funds Buying or Selling PFS?

Are funds buying PFS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PFS

No. of Funds

Unveiling Provident Financial Services Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.42%	8,632,382	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.2%	5,414,690	SC 13G/A
Jan 24, 2024	state street corp	5.63%	4,256,967	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	11,043,116	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.6%	5,730,105	SC 13G/A
Feb 09, 2023	vanguard group inc	11.68%	8,790,250	SC 13G/A
Jan 23, 2023	blackrock inc.	14.5%	10,913,075	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.8%	5,299,667	SC 13G/A
Jan 28, 2022	blackrock inc.	14.6%	11,280,885	SC 13G/A
Jul 12, 2021	vanguard group inc	10.04%	7,826,843	SC 13G/A

Recent SEC filings of Provident Financial Services Inc

View All Filings

Date Filed	Form Type	Document
Apr 19, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Mar 29, 2024	8-K	Current Report
Mar 25, 2024	8-K	Current Report
Mar 15, 2024	ARS	ARS
Mar 15, 2024	DEF 14A	DEF 14A
Mar 15, 2024	DEFA14A	DEFA14A
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading

Peers (Alternatives to Provident Financial Services Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	553.3B	171.1B	-2.31%	36.49%	11.17	3.23	60.72%	31.52%
BAC	302.1B	130.3B	3.56%	28.93%	11.39	2.32	79.51%	-3.68%
WFC	218.1B	85.7B	6.72%	47.09%	11.39	2.55	41.49%	39.96%
C	119.7B	133.3B	3.01%	27.78%	12.98	0.9	79.09%	-
CFG	16.0B	10.2B	-0.51%	22.27%	9.98	1.57	44.53%	-22.43%
KEY	13.8B	7.9B	-2.00%	32.35%	14.22	1.74	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.92%	23.45%	7.92	1.67	56.25%	-23.46%
ZION	6.2B	3.9B	2.71%	47.68%	9.1	1.57	45.91%	-25.03%
ABCB	3.3B	1.3B	1.85%	41.72%	12.28	2.58	43.24%	-22.35%
ASB	3.2B	2.0B	3.40%	20.85%	17.57	1.64	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.1M	164.9M	-1.69%	36.50%	35.41	2.51	42.66%	-70.76%
AROW	383.2M	162.6M	-4.81%	4.19%	12.74	2.36	25.39%	-38.37%
ACNB	291.3M	96.6M	-3.52%	8.70%	9.19	3.01	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.56%	-9.83%	-13.48	0.74	24.06%	-144.92%

Provident Financial Services Inc News

Latest updates

Provident Financial Services Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	3.8%	164	158	150	144	137	122	106	101	102	100	101	101	100	93.00	82.00	88.00	90.00	93.00	96.00	92.00	94.00
EBITDA Margin	-11.4%	0.95*	1.08*	1.21*	1.34*	1.44*	1.48*	1.49*	1.50*	1.51*	1.50*	1.47*	1.37*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.5%	96.00	96.00	99.00	108	114	109	99.00	95.00	94.00	91.00	91.00	90.00	89.00	82.00	70.00	72.00	73.00	74.00	77.00	75.00	77.00
Income Taxes	40.8%	12.00	9.00	12.00	14.00	18.00	17.00	14.00	15.00	15.00	13.00	15.00	16.00	12.00	9.00	4.00	5.00	8.00	10.00	9.00	8.00	6.00
Earnings Before Taxes	6.4%	40.00	37.00	44.00	55.00	67.00	60.00	54.00	59.00	52.00	50.00	60.00	65.00	53.00	36.00	18.00	20.00	34.00	41.00	33.00	39.00	42.00
EBT Margin	-17.3%	0.29*	0.35*	0.41*	0.46*	0.52*	0.52*	0.53*	0.55*	0.56*	0.57*	0.54*	0.46*	-	-	-	-	-	-	-	-	-
Net Income	-4.3%	27.00	29.00	32.00	41.00	49.00	43.00	39.00	44.00	37.00	37.00	45.00	49.00	41.00	27.00	14.00	15.00	26.00	31.00	24.00	31.00	36.00
Net Income Margin	-18.2%	0.21*	0.25*	0.30*	0.34*	0.38*	0.38*	0.39*	0.41*	0.42*	0.43*	0.41*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	15.4%	45.00	39.00	25.00	57.00	41.00	54.00	53.00	42.00	29.00	31.00	48.00	35.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.9%	14,211	14,087	14,030	13,779	13,783	13,604	13,716	13,617	13,781	13,392	13,217	13,130	12,920	12,871	10,514	10,085	9,809	9,918	9,938	9,803	9,726
Cash Equivalents	-4.8%	180	189	209	234	186	183	277	428	685	458	652	645	418	510	454	371	146	261	208	198	105
Net PPE	-0.6%	71.00	71.00	71.00	72.00	80.00	81.00	82.00	83.00	81.00	78.00	77.00	75.00	76.00	73.00	55.00	54.00	55.00	55.00	56.00	57.00	58.00
Liabilities	0.5%	12,520	12,464	12,387	12,139	12,186	12,053	12,131	11,996	12,084	11,713	11,539	11,483	11,300	11,270	9,103	8,672	8,395	8,521	8,547	8,429	8,367
Shareholder's Equity	4.2%	1,691	1,623	1,642	1,640	1,598	1,551	1,585	1,621	1,697	1,679	1,678	1,647	1,620	1,602	1,410	1,413	1,414	1,398	1,391	1,374	1,359
Retained Earnings	1.0%	975	965	954	941	918	886	861	840	815	795	775	749	718	694	686	686	695	683	666	657	651
Additional Paid-In Capital	0.1%	989	988	986	984	981	978	976	973	970	967	965	964	962	961	1,010	1,009	1,007	1,028	1,026	1,024	1,022
Shares Outstanding	0.0%	76.00	76.00	76.00	75.00	75.00	75.00	74.00	76.00	76.00	77.00	77.00	77.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,120	-	-	-	1,670	-	-	-	1,710	-	-	-	1,060	-	-	-	1,500	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	11.1%	46.00	42.00	27.00	58.00	42.00	56.00	51.00	51.00	34.00	34.00	52.00	36.00	59.00	-19.03	30.00	33.00	28.00	37.00	41.00	31.00	23.00
Cashflow From Investing	-42.1%	-132	-92.99	-263	20.00	-170	-0.64	-283	-192	-191	-375	-58.40	-90.60	-54.17	-79.31	-343	-26.99	23.00	97.00	-99.54	23.00	-27.17
Cashflow From Financing	142.4%	77.00	32.00	212	-30.23	130	-148	78.00	-138	365	137	29.00	209	18.00	155	397	177	-125	-80.10	69.00	1.00	-2.25
Dividend Payments	-3.2%	18.00	18.00	18.00	19.00	17.00	18.00	18.00	19.00	17.00	18.00	18.00	18.00	17.00	18.00	15.00	15.00	13.00	15.00	15.00	29.00	12.00
Buy Backs	-	-	-	-	-	0.00	0.00	18.00	29.00	7.00	14.00	-	0.00	14.00	1.00	1.00	5.00	-	16.00	4.00	0.00	13.00

PFS Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Real estate secured loans	$ 408,942	$ 304,321	$ 252,336
Commercial loans	128,854	98,961	99,163
Consumer loans	18,439	14,368	13,574
Available for sale debt securities and Federal Home Loan Bank stock	46,790	36,619	23,798
Held to maturity debt securities	9,362	9,894	10,743
Deposits, federal funds sold and other short-term investments	3,433	2,018	2,725
Total interest and dividend income	615,820	466,181	402,339
Interest expense:
Deposits	159,459	38,704	26,513
Borrowed funds	55,856	9,310	8,614
Subordinated debentures	1,051	615	1,189
Total interest expense	216,366	48,629	36,316
Net interest income	399,454	417,552	366,023
Provision charge (benefit) for credit losses	27,904	8,388	(24,339)
Net interest income after provision for credit losses	371,550	409,164	390,362
Non-interest income:
Fees	24,396	28,128	29,967
Wealth management income	27,669	27,870	30,756
Insurance agency income	13,934	11,440	10,216
Bank-owned life insurance	6,482	5,988	7,930
Net gain on securities transactions	30	181	255
Other income	7,318	14,182	7,685
Total non-interest income	79,829	87,789	86,809
Non-interest expense:
Compensation and employee benefits	148,497	147,203	143,366
Net occupancy expense	32,271	34,566	32,932
Data processing expense	22,993	21,729	19,755
FDIC Insurance	8,578	5,195	6,260
Advertising and promotion expense	4,822	5,191	3,951
Provision charge (benefit) for credit losses on off-balance sheet credit exposures	264	(3,384)	1,515
Amortization of intangibles	2,952	3,292	3,664
Merger-related expenses	7,826	4,128	0
Other operating expenses	47,397	38,927	38,610
Total non-interest expense	275,600	256,847	250,053
Income before income tax expense	175,779	240,106	227,118
Income tax expense	47,381	64,458	59,197
Net income	$ 128,398	$ 175,648	$ 167,921
Basic earnings per share (in dollars per share)	$ 1.72	$ 2.35	$ 2.20
Average basic shares outstanding (in shares)	74,844,489	74,700,623	76,471,933
Diluted earnings per share (in dollars per share)	$ 1.71	$ 2.35	$ 2.19
Average diluted shares outstanding (in shares)	74,873,256	74,782,370	76,560,840

About Provident Financial Services Inc

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.

CEO	Mr. Anthony J. Labozzetta
WEBSITE	provident.bank
INDUSTRY	Banks Diversified
EMPLOYEES	1124

Provident Financial Services Inc Frequently Asked Questions

What is the ticker symbol for Provident Financial Services Inc? What does PFS stand for in stocks?

PFS is the stock ticker symbol of Provident Financial Services Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Provident Financial Services Inc (PFS)?

As of Tue Apr 23 2024, market cap of Provident Financial Services Inc is 1.17 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PFS stock?

You can check PFS's fair value in chart for subscribers.

What is the fair value of PFS stock?

You can check PFS's fair value in chart for subscribers. The fair value of Provident Financial Services Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Provident Financial Services Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PFS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Provident Financial Services Inc a good stock to buy?

The fair value guage provides a quick view whether PFS is over valued or under valued. Whether Provident Financial Services Inc is cheap or expensive depends on the assumptions which impact Provident Financial Services Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PFS.

What is Provident Financial Services Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, PFS's PE ratio (Price to Earnings) is 9.14 and Price to Sales (PS) ratio is 1.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PFS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Provident Financial Services Inc's stock?

In the past 10 years, Provident Financial Services Inc has provided 0.026 (multiply by 100 for percentage) rate of return.