Provident Financial Services Inc (NYSE:PFS) shares, rose in value on Friday, November 01, with the stock price up by 0.91% to the previous day’s close as strong demand from buyers drove the stock to $18.85.
Actively observing the price movement in the last trading, the stock closed the session at $18.68, falling within a range of $18.6 and $18.89. The value of beta (5-year monthly) was 1.027 whereas the PE ratio was 18.20 over 12-month period. Referring to stock’s 52-week performance, its high was $19.97, and the low was $13.07. On the whole, PFS has fluctuated by 6.62% over the past month.
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With the market capitalization of Provident Financial Services Inc currently standing at about $2.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-23. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 5.09%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 604.22M, with a low estimate of 184.8M and a high estimate of 185.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 185.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PFS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.28, with the price of PFS currently trading nearly -0.19% and 1.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.90, while the 7-day volatility ratio is showing 2.12% which for the 30-day chart, stands at 2.57%. Furthermore, Provident Financial Services Inc (PFS)’s beta value is 1.02, and its average true range (ATR) is 0.50.
A comparison of Provident Financial Services Inc (PFS) with its peers suggests the former has fared considerably weaker in the market. PFS showed an intraday change of 0.91% in last session, and over the past year, it grew by 32.65%%.
Data on historical trading for Provident Financial Services Inc (NYSE:PFS) indicates that the trading volumes over the past 10 days have averaged 0.47 and over the past 3 months, they’ve averaged 724.71K. According to company’s latest data on outstanding shares, there are 123.37 million shares outstanding.
Nearly 6.52% of Provident Financial Services Inc’s shares belong to company insiders and institutional investors own 72.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.47 million shares as on 2024-10-15, resulting in a short ratio of 5.07. According to the data, the short interest in Provident Financial Services Inc (PFS) stood at 321.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.35 million. The stock has risen by 4.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PFS stock heading into the next quarter.
