Provident Financial Services
About: Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The Company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
Employees: 1,142
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more capital invested
Capital invested by funds: $1.3B [Q2] → $1.62B (+$320M) [Q3]
2.38% less ownership
Funds ownership: 69.53% [Q2] → 67.15% (-2.38%) [Q3]
3% less funds holding
Funds holding: 250 [Q2] → 243 (-7) [Q3]
16% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 43
26% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 90
34% less call options, than puts
Call options by funds: $1.12M | Put options by funds: $1.7M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
DA Davidson Manuel Navas 75% 1-year accuracy 3 / 4 met price target | 28%upside $27 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 4 articles about PFS published over the past 30 days
