Provident Financial Services Inc

Company Profile

Provident Financial Services Inc had its IPO on 2003-01-16 under the ticker symbol PFS.

The company operates in the Financial Services sector and Banks-Regional industry. Provident Financial Services Inc has a staff strength of 1,124 employees.

Stock update

Shares of Provident Financial Services Inc opened at $30.35 at the start of the last trading session i.e. 2023-09-13.

The stocks traded within a range of $27 - $31.4, and closed at $27.75.

This is a -6.25% slip from the previous day's closing price.

A total volume of 12,108,985 shares were traded at the close of the day’s session.

In the last one week, shares of Provident Financial Services Inc have slipped by -5.77%.

Provident Financial Services Inc's Key Ratios

Provident Financial Services Inc has a market cap of $1.19 billion, indicating a price to book ratio of 1.0309 and a price to sales ratio of 3.2893.

In the last 12-months Provident Financial Services Inc’s revenue was $491.04 million with a gross profit of $496.95 million and an EBITDA of $0. The EBITDA ratio measures Provident Financial Services Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Provident Financial Services Inc’s operating margin was 48.63% while its return on assets stood at 1.19% with a return of equity of 10.22%.

In Q2, Provident Financial Services Inc’s quarterly earnings growth was a negative -19% while revenue growth was a negative 7.9%.

Provident Financial Services Inc’s PE and PEG Ratio

Forward PE

9.2336

Trailing PE

7.1403

PEG

1.84

Its diluted EPS in the last 12-months stands at $2.21 per share while it has a forward price to earnings multiple of 9.2336 and a PEG multiple of 1.84. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Provident Financial Services Inc’s profitability.

Provident Financial Services Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2893.

Provident Financial Services Inc stock pays annual dividends of $0.96 per share, indicating a yield of 5.99% and a payout ratio of 43.44%.

Balance sheet and cash flow metrics

Total Assets

$14.03 billion

Total Liabilities

$10.26 billion

Operating Cash Flow

$-263955000.00

Capital Expenditure

$2.35 million

Dividend Payout Ratio

43.44%

Provident Financial Services Inc ended 2024 with $14.03 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $14.03 billion while shareholder equity stood at $1.64 billion.

Provident Financial Services Inc ended 2024 with $0 in deferred long-term liabilities, $10.26 billion in other current liabilities, 832000.00 in common stock, $954.40 million in retained earnings and $0 in goodwill. Its cash balance stood at $208.87 million and cash and short-term investments were $1.96 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.86 billion.

Provident Financial Services Inc’s total current assets stands at $2.01 billion while long-term investments were $2.13 billion and short-term investments were $1.75 billion. Its net receivables were $53.85 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Provident Financial Services Inc's operating cash flow was $-263955000.00 while its capital expenditure stood at $2.35 million.

Comparatively, Provident Financial Services Inc paid $0.43 in dividends in 2024.

Other key metrics

Current Trading Price

$27.75

52-Week High

$23.6324

52-Week Low

$14.1217

Analyst Target Price

$20.2

Provident Financial Services Inc stock is currently trading at $27.75 per share. It touched a 52-week high of $23.6324 and a 52-week low of $23.6324. Analysts tracking the stock have a 12-month average target price of $20.2.

Its 50-day moving average was $23.57 and 200-day moving average was $17.63 The short ratio stood at 11.15 indicating a short percent outstanding of 0%.

Around 641.5% of the company’s stock are held by insiders while 7372.1% are held by institutions.