Home » Stocks » Provident Financial Services

Provident Financial Services, Inc. (PFS)

Stock Price: $13.63 USD -0.15 (-1.05%)
Updated Oct 26, 2020 12:17 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 898.01M
Revenue (ttm) 326.37M
Net Income (ttm) 86.59M
Shares Out 65.91M
EPS (ttm) 1.34
PE Ratio 10.17
Forward PE 11.72
Dividend $0.92
Dividend Yield 6.75%

Stock Quote

Trading Day Oct 26, 2020
Last Price $13.63
Previous Close $13.77
Change ($) -0.15
Change (%) -1.05%
Day's Open 13.59
Day's Range 13.45 - 13.69
Day's Volume 46,149
52-Week Range 9.05 - 25.49

More Stats

Market Cap 898.01M
Enterprise Value 1.62B
Earnings Date (est) Oct 30, 2020
Ex-Dividend Date Aug 13, 2020
Shares Outstanding 65.91M
Float 59.50M
EPS (basic) 1.34
EPS (diluted) 1.34
FCF / Share 1.91
Dividend $0.92
Dividend Yield 6.75%
Earnings Yield 9.83%
FCF Yield 13.70%
Payout Ratio 68.70%
Shares Short 997,985
Short Ratio 3.06
Short % of Float 1.68%
Beta 0.98
PE Ratio 10.17
Forward PE 11.72
P/FCF Ratio 7.30
PS Ratio 2.75
PB Ratio 0.65
Revenue 326.37M
Operating Income 113.53M
Net Income 86.59M
Free Cash Flow 123.01M
Net Cash -721.53M
Net Cash / Share -10.95
Gross Margin 106.83%
Operating Margin 34.78%
Profit Margin 26.50%
FCF Margin 37.69%
ROA 0.85%
ROE 6.18%
ROIC 1.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 2
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$14.75*
(8.26% upside)
Low
13.0
Current: $13.63
High
16.0
Target: 14.75
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue349336328309301275255245220205
Revenue Growth3.88%2.24%6.4%2.6%9.2%8.15%3.97%11.53%7.13%-
Gross Profit349336328309301275255245220205
Operating Income14714414012512010510696.1277.1966.27
Net Income11311893.9587.8083.7273.6370.5367.2757.3449.71
Shares Outstanding64.6064.9464.3863.6462.9560.3957.2457.1556.8656.57
Earnings Per Share1.741.821.451.381.331.221.231.181.010.88
EPS Growth-4.4%25.52%5.07%3.76%9.02%-0.81%4.24%16.83%14.77%-
Dividend Per Share1.120.820.930.710.650.600.560.710.470.44
Dividend Growth36.59%-11.83%30.99%9.23%8.33%7.14%-21.13%51.06%6.82%-
Operating Cash Flow13715611712711510212010893.8392.26
Capital Expenditures-4.88-3.1417.54-4.98-5.89-14.54-7.67-7.023.43-6.41
Free Cash Flow13215313512210987.1411210197.2685.86
Cash & Equivalents18714319114410210410110469.6352.23
Total Debt1,1251,4421,7431,6131,7081,5101,204803920970
Net Cash / Debt-938-1,300-1,552-1,468-1,605-1,406-1,103-699-851-917
Assets9,8099,7269,8459,5008,9128,5237,4877,2847,0976,825
Liabilities8,3958,3678,5478,2497,7167,3796,4776,3026,1455,903
Book Value1,4141,3591,2991,2521,1961,1441,011981952922
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Provident Financial Services, Inc.
Country United States
Employees 968
CEO Christopher P. Martin

Stock Information

Ticker Symbol PFS
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: PFS

Description

Provident Financial Services operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2019, it operated 83 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.