How Does Provident Financial Services, Inc. (PFS) Stack Up For Investors?

On Monday, shares of Provident Financial Services, Inc. (NYSE:PFS) marked $14.14 per share versus a previous $13.06 closing price. With having a 8.27% gain, an insight into the fundamental values of Provident Financial Services, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. PFS showed a fall of -42.64% within its YTD performance, with highs and lows between $9.05 – $25.86 during the period of 52 weeks, compared to the simple moving average of -28.95% in the period of the last 200 days.

Boenning & Scattergood equity researchers changed the status of Provident Financial Services, Inc. (NYSE: PFS) shares from “Neutral” to a “Outperform” rating in the report published on March 13th, 2020. Other analysts, including RBC Capital Mkts, also published their reports on PFS shares. RBC Capital Mkts repeated the rating from the previous report, marking PFS under “Sector Perform” rating, in the report published on October 11th, 2019. Additionally, PFS shares got another “Buy” rating from Sandler O’Neill. On the other hand, Sandler O’Neill Downgrade the “Hold” rating for PFS shares, as published in the report on November 30th, 2017. Sandler O’Neill seems to be going bullish on the price of PFS shares, based on the price prediction for PFS. Another “Hold” rating came from Sandler O’Neill.

Provident Financial Services, Inc. (PFS) Analysis

The present dividend yield for PFS owners is set at 0.07, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Provident Financial Services, Inc., the company needs to provide a healthy cash flow, currently at the value of 13.03. In addition, the growth of sales from quarter to quarter is recording -4.50%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Provident Financial Services, Inc. (PFS) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 6.90% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while PFS is currently recording an average of 387.47K in volumes. The volatility of the stock on monthly basis is set at 5.37%, while the weekly volatility levels are marked at 5.60%with 6.00% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $16.40, indicating growth from the present price of $14.14, which can represent yet another valuable research and analysis points that can help you decide whether to invest in PFS or pass.

What to Look for When Analyzing Provident Financial Services, Inc. Shares?

Provident Financial Services, Inc. (PFS) is based in the USA and it represents one of the well-known company operating with Financial sector. If you wish to compare PFS shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 9.45 for Provident Financial Services, Inc., while the value 10.28 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.50 is supported by the yearly EPS growth of -4.30%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 2.40%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 67.90% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in PFS Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in PFS in the recent period. That is how The Vanguard Group, Inc. now has an increase position in PFS by 3.55% in the first quarter, owning 6.66 million shares of PFS stocks, with the value of $86.79 million after the purchase of an additional 228,272 shares during the last quarter. In the meanwhile, Dimensional Fund Advisors LP also increased their stake in PFS shares changed 0.49% in the first quarter, which means that the company now owns 5.45 million shares of company, all valued at $70.95 million after the acquisition of additional 26,555 shares during the last quarter.

Northern Trust Investments, Inc. acquired a new position in Provident Financial Services, Inc. during the first quarter, with the value of $33.66 million, and SSgA Funds Management, Inc. increased their stake in the company’s shares by 10.73% in the first quarter, now owning 209,926 shares valued at $28.23 million after the acquisition of the additional 2.17 million shares during the last quarter. In the end, Renaissance Technologies LLC increased their position by 4.39% during the first quarter, now owning 1.26 million PFS shares, now holding the value of $16.4 million in PFS with the purchase of the additional 52,788 shares during the period of the last quarter. At the present, 67.90% of PFS shares are in the ownership of institutional investors.