While Provident Financial Services Inc has overperformed by 0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PFS fell by -26.13%, with highs and lows ranging from $19.62 to $13.22, whereas the simple moving average fell by -15.77% in the last 200 days.
On August 22, 2023, Piper Sandler Upgraded Provident Financial Services Inc (NYSE: PFS) to Overweight. A report published by Piper Sandler on August 19, 2022, Downgraded its rating to ‘Neutral’ for PFS. RBC Capital Mkts also Upgraded PFS shares as ‘Outperform’, setting a target price of $26 on the company’s shares in a report dated March 05, 2021. RBC Capital Mkts initiated its ‘Sector Perform’ rating for PFS, as published in its report on October 11, 2019. Sandler O’Neill also rated the stock as ‘Hold’.
Analysis of Provident Financial Services Inc (PFS)
PFS currently pays a dividend of $0.96 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 16.18%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Provident Financial Services Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 7.81% is sufficient for you to turn a profit off your investment.
An average volume of 683.18K can be a very valuable indicator of volatility for PFS stock. On a monthly basis, the volatility of the stock is set at 3.31%, whereas on a weekly basis, it is put at 3.12%, with a loss of -5.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.20, showing growth from the present price of $13.57, which can serve as yet another indication of whether PFS is worth investing in or should be passed over.
How Do You Analyze Provident Financial Services Inc Shares?
The USA based company Provident Financial Services Inc (PFS) is one of the biggest names in Banks – Regional. When comparing Provident Financial Services Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.91, there is a growth in quarterly earnings of -44.74%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PFS shares are owned by institutional investors to the tune of 73.44% at present.
