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

16.19USD+0.08 (+0.50%)Market Closed

Market Summary

USD16.19+0.08

Market Closed

0.50%

PFS Stock Price

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PFS RSI Chart

PFS Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

10.26

Price/Sales (Trailing)

1.93

EV/EBITDA

1.91

Price/Free Cashflow

8.24

PFS Price/Sales (Trailing)

PFS Profitability

EBT Margin

25.74%

Return on Equity

7.08%

Return on Assets

0.85%

Free Cashflow Yield

12.14%

PFS Fundamentals

PFS Revenue

Revenue (TTM)

636.1M

Rev. Growth (Yr)

14.14%

Rev. Growth (Qtr)

-0.19%

PFS Earnings

Earnings (TTM)

119.9M

Earnings Growth (Yr)

-20.86%

Earnings Growth (Qtr)

17.46%

Breaking Down PFS Revenue

Last 7 days

2.1%

Last 30 days

18.9%

Last 90 days

3.7%

Trailing 12 Months

0.3%

How does PFS drawdown profile look like?

PFS Financial Health

PFS Investor Care

Dividend Yield

5.93%

Dividend/Share (TTM)

0.96

Shares Dilution (1Y)

0.56%

Diluted EPS (TTM)

1.6

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
2024	636.1M	0	0	0
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

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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
May 16, 2024	EJF Capital LLC	added	21.55	-29,793	1,644,850	1.14%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-76.05	-1,193,890	286,534	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-33.64	-101,131	116,924	-%
May 16, 2024	COMERICA BANK	reduced	-9.04	-169,523	470,218	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	92.25	630,759	1,770,260	-%
May 15, 2024	Voya Investment Management LLC	added	20.6	-71,425	2,735,120	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-4.08	-1,535,290	5,291,010	0.11%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	sold off	-100	-1,975,000	-	-%
May 15, 2024	PDT Partners, LLC	reduced	-12.07	-389,917	957,249	0.09%
May 15, 2024	SYSTEMATIC FINANCIAL MANAGEMENT LP	reduced	-0.1	-2,609,630	10,930,500	0.30%

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
May 16, 2024	8-K	Current Report
May 16, 2024	S-8 POS	Employee Benefits Plan
May 13, 2024	8-K	Current Report
May 10, 2024	424B5	Prospectus Filed
May 10, 2024	8-K	Current Report
May 09, 2024	FWP	Prospectus Filed
May 09, 2024	FWP	Prospectus Filed
May 09, 2024	8-K	Current Report
May 09, 2024	424B5	Prospectus Filed
May 09, 2024	305B2	305B2

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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.2%	164	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
EBITDA Margin	-7.6%	0.88*	0.95*	1.08*	1.21*	1.34*	1.44*	1.48*	1.49*	1.50*	1.51*	1.50*	1.47*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.2%	94.00	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
Income Taxes	-12.6%	11.00	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
Earnings Before Taxes	8.1%	43.00	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
EBT Margin	-9.8%	0.26*	0.29*	0.35*	0.41*	0.46*	0.52*	0.52*	0.53*	0.55*	0.56*	0.57*	0.54*	-	-	-	-	-	-	-	-	-
Net Income	17.5%	32.00	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
Net Income Margin	-9.6%	0.19*	0.21*	0.25*	0.30*	0.34*	0.38*	0.38*	0.39*	0.41*	0.42*	0.43*	0.41*	-	-	-	-	-	-	-	-	-
Free Cashflow	-8.6%	41.00	45.00	39.00	25.00	57.00	41.00	54.00	53.00	42.00	29.00	31.00	48.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.6%	14,131	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
Cash Equivalents	-12.2%	158	180	189	209	234	186	183	277	428	685	458	652	645	418	510	454	371	146	261	208	198
Net PPE	-2.1%	69.00	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
Liabilities	-0.7%	12,436	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
Shareholder's Equity	0.3%	1,695	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
Retained Earnings	1.4%	988	975	965	954	941	918	886	861	840	815	795	775	749	718	694	686	686	695	683	666	657
Additional Paid-In Capital	0.2%	991	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
Shares Outstanding	0.5%	76.00	76.00	76.00	76.00	75.00	75.00	74.00	75.00	76.00	76.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-10.6%	41.00	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
Cashflow From Investing	141.3%	55.00	-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
Cashflow From Financing	-253.4%	-117	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
Dividend Payments	3.3%	18.00	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
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

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PFS Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Real estate secured loans	$ 107,456	$ 95,988
Commercial loans	36,100	28,683
Consumer loans	4,523	4,242
Available for sale debt securities, equity securities and Federal Home Loan Bank stock	12,330	11,430
Held to maturity debt securities	2,268	2,368
Deposits, Federal funds sold and other short-term investments	1,182	845
Total interest and dividend income	163,859	143,556
Interest expense:
Deposits	52,534	27,510
Borrowed funds	17,383	7,476
Subordinated debt	272	246
Total interest expense	70,189	35,232
Net interest income	93,670	108,324
Provision charge for credit losses	186	6,001
Net interest income after provision charge for credit losses	93,484	102,323
Non-interest income:
Fees	5,912	6,387
Wealth management income	7,488	6,915
Insurance agency income	4,793	4,102
Bank-owned life insurance	1,817	1,484
Net loss on securities transactions	(1)	(5)
Other income	798	3,269
Total non-interest income	20,807	22,152
Non-interest expense:
Compensation and employee benefits	40,048	38,737
Net occupancy expense	8,520	8,410
Data processing expense	6,783	5,508
FDIC insurance	2,272	1,937
Amortization of intangibles	705	762
Advertising and promotion expense	966	1,232
Provision charge (benefit) for credit losses on off-balance sheet credit exposures	(506)	739
Merger-related expenses	2,202	1,100
Other operating expenses	10,331	11,060
Total non-interest expense	71,321	69,485
Income before income tax expense	42,970	54,990
Income tax expense	10,888	14,454
Net income	$ 32,082	$ 40,536
Basic earnings per share (usd per share)	$ 0.43	$ 0.54
Weighted average basic shares outstanding (in shares)	75,260,029	74,645,336
Diluted earnings per share (usd per share)	$ 0.43	$ 0.54
Weighted average diluted shares outstanding (in shares)	75,275,660	74,702,527

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 Fri May 17 2024, market cap of Provident Financial Services Inc is 1.23 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 Fri May 17 2024, PFS's PE ratio (Price to Earnings) is 10.26 and Price to Sales (PS) ratio is 1.93. 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 0.032 (multiply by 100 for percentage) rate of return.