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How to buy Provident Financial Services stock | $17.96

Own Provident Financial Services stock in just a few minutes.

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Provident Financial Services, Inc is a banks-regional business based in the US. Provident Financial Services shares (PFS) are listed on the NYSE and all prices are listed in US Dollars. Provident Financial Services employs 968 staff and has a trailing 12-month revenue of around USD$331.5 million.

How to buy shares in Provident Financial Services

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Provident Financial Services. Find the stock by name or ticker symbol: PFS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Provident Financial Services reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$17.96, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Provident Financial Services, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Provident Financial Services. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Provident Financial Services share price

Use our graph to track the performance of PFS stocks over time.

Provident Financial Services shares at a glance

Information last updated 2020-12-29.
Latest market closeUSD$17.96
52-week rangeUSD$8.6022 - USD$23.3765
50-day moving average USD$16.53
200-day moving average USD$14.187
Wall St. target priceUSD$17.6
PE ratio 14.4498
Dividend yield USD$0.92 (5.09%)
Earnings per share (TTM) USD$1.236

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Provident Financial Services stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Provident Financial Services price performance over time

Historical closes compared with the close of $17.96 from 2020-12-31

1 week (2021-01-07) -9.79%
1 month (2020-12-16) 1.87%
3 months (2020-10-16) 38.05%
6 months (2020-07-16) 23.78%
1 year (2020-01-16) -26.57%
2 years (2019-01-16) -28.81%
3 years (2018-01-16) 27.84
5 years (2016-01-15) 0.06%

Is Provident Financial Services under- or over-valued?

Valuing Provident Financial Services stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Provident Financial Services's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Provident Financial Services's P/E ratio

Provident Financial Services's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 14x. In other words, Provident Financial Services shares trade at around 14x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Provident Financial Services's PEG ratio

Provident Financial Services's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.84. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Provident Financial Services's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Provident Financial Services financials

Revenue TTM USD$331.5 million
Operating margin TTM 35.59%
Gross profit TTM USD$348.7 million
Return on assets TTM 0.72%
Return on equity TTM 5.49%
Profit margin 24.84%
Book value $20.783
Market capitalisation USD$1.4 billion

TTM: trailing 12 months

Shorting Provident Financial Services shares

There are currently 807,396 Provident Financial Services shares held short by investors – that's known as Provident Financial Services's "short interest". This figure is 59.9% up from 504,994 last month.

There are a few different ways that this level of interest in shorting Provident Financial Services shares can be evaluated.

Provident Financial Services's "short interest ratio" (SIR)

Provident Financial Services's "short interest ratio" (SIR) is the quantity of Provident Financial Services shares currently shorted divided by the average quantity of Provident Financial Services shares traded daily (recently around 366998.18181818). Provident Financial Services's SIR currently stands at 2.2. In other words for every 100,000 Provident Financial Services shares traded daily on the market, roughly 2200 shares are currently held short.

However Provident Financial Services's short interest can also be evaluated against the total number of Provident Financial Services shares, or, against the total number of tradable Provident Financial Services shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Provident Financial Services's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Provident Financial Services shares in existence, roughly 10 shares are currently held short) or 0.012% of the tradable shares (for every 100,000 tradable Provident Financial Services shares, roughly 12 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Provident Financial Services.

Find out more about how you can short Provident Financial Services stock.

Provident Financial Services share dividends

75%

Dividend payout ratio: 75.41% of net profits

Recently Provident Financial Services has paid out, on average, around 75.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.09% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Provident Financial Services shareholders could enjoy a 5.09% return on their shares, in the form of dividend payments. In Provident Financial Services's case, that would currently equate to about $0.92 per share.

Provident Financial Services's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Provident Financial Services's most recent dividend payout was on 27 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 12 November 2020 (the "ex-dividend date").

Provident Financial Services share price volatility

Over the last 12 months, Provident Financial Services's shares have ranged in value from as little as $8.6022 up to $23.3765. A popular way to gauge a stock's volatility is its "beta".

PFS.US volatility(beta: 1)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Provident Financial Services's is 0.9995. This would suggest that Provident Financial Services's shares are less volatile than average (for this exchange).

Provident Financial Services overview

Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its 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 auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company 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. As of December 31, 2019, it operated 83 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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