Provident Financial ServicesPFS
Market Cap: $2.38B
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 Q2 SEC filings by fund managers ($100M+ AUM)
208% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 38
131% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 35
59% more capital invested
Capital invested by funds: $804M [Q1] → $1.28B (+$472M) [Q2]
23% more funds holding
Funds holding: 203 [Q1] → 249 (+46) [Q2]
4.61% less ownership
Funds ownership: 72.96% [Q1] → 68.35% (-4.61%) [Q2]
99% less call options, than puts
Call options by funds: $806K | Put options by funds: $145M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Timothy Switzer 82% 1-year accuracy 9 / 11 met price target | 15%upside $21 | Outperform Upgraded | 15 Aug 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 15%upside $21 | Outperform Maintained | 29 Jul 2024 |
Keefe, Bruyette & Woods Timothy Switzer 82% 1-year accuracy 9 / 11 met price target | 9%upside $20 | Market Perform Maintained | 29 Jul 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 2%downside $18 | Outperform Maintained | 9 Jul 2024 |