Provident Financial Services (PFS)

• Market cap: $2.22B
• 1 day: -0.82%
• 5 days: -3.02%
• 1 month: -6.48%
• 3 months: -8.44%
• 6 months: -4.91%
• Year to date: -8.44%
• 1 year: 17.37%
• 5 years: 33.15%
• 10 years: -9.17%
• Sector: Financials
• Industry: Savings Institution, Federally Chartered

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 Q4 regulatory filings by fund managers ($100M+ AUM)

4,078% more call options, than puts

Call options by funds: $376K | Put options by funds: $9K

52% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 21

29% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 73

3% more funds holding

Funds holding: 246 [Q3] → 253 (+7) [Q4]

2% more capital invested

Capital invested by funds: $1.64B [Q3] → $1.66B (+$26.3M) [Q4]

0.03% less ownership

Funds ownership: 67.78% [Q3] → 67.75% (-0.03%) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $23 35% upside
• Avg. target: $23 35% upside
• High target: $23 35% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Jon Arfstrom 67% 1-year accuracy 31 / 46 met price target

35% upside $23

Outperform Maintained

30 Jan 2025