Provident Financial Services Inc (NYSE:PFS) shares, rose in value on Friday, May 30, with the stock price down by -0.60% to the previous day’s close as strong demand from buyers drove the stock to $16.70.
Actively observing the price movement in the last trading, the stock closed the session at $16.80. The PE ratio was 15.05 over 12-month period. Referring to stock’s 52-week performance, its high was $22.24, and the low was $13.07. On the whole, PFS has fluctuated by 2.02% over the past month.
With the market capitalization of Provident Financial Services Inc currently standing at about $2.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 5.75%.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PFS currently trading nearly -2.47% and 0.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.30, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 1.78%. Furthermore, Provident Financial Services Inc (PFS)’s beta value is 0.84, and its average true range (ATR) is 0.43.
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 -0.60% in last session, and over the past year, it grew by 14.62%%.
Data on historical trading for Provident Financial Services Inc (NYSE:PFS) indicates that the trading volumes over the past 3 months, they’ve averaged 713.69K. According to company’s latest data on outstanding shares, there are 130.66 million shares outstanding.
Nearly 6.17% of Provident Financial Services Inc’s shares belong to company insiders and institutional investors own 72.49% of the company’s shares. The stock has fallen by -11.50% 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.
