Provident Financial Services Inc (PFS) kicked off at the price of $14.46: Venture capitalists have an exciting new opportunity

On Friday, Provident Financial Services Inc (NYSE: PFS) was 5.16% up from the session before settling in for the closing price of $13.75. A 52-week range for PFS has been $13.22 – $19.62.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 11.02%. When this article was written, the company’s average yearly earnings per share was at 4.33%. With a float of $68.82 million, this company’s outstanding shares have now reached $75.54 million.

Considering the fact that the conglomerate employs 1142 people, you should pay attention to its efficiency factor.

Provident Financial Services Inc (PFS) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Provident Financial Services Inc stocks. The insider ownership of Provident Financial Services Inc is 9.13%, while institutional ownership is 73.44%. The most recent insider transaction that took place on Feb 05 ’24, was worth 17,335. In this transaction Pres/CEO Prov Protection Plus of this company bought 1,094 shares at a rate of $15.85, taking the stock ownership to the 7,835 shares. Before that another transaction happened on Jan 30 ’24, when Company’s Director sold 5,000 for $17.86, making the entire transaction worth $89,312. This insider now owns 9,475 shares in total.

Provident Financial Services Inc (PFS) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 4.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to -1.17% drop over the previous five years of trading.

Provident Financial Services Inc (NYSE: PFS) Trading Performance Indicators

You can see what Provident Financial Services Inc (PFS) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.53. Likewise, its price to free cash flow for the trailing twelve months is 6.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.60, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 2.15 in one year’s time.

Technical Analysis of Provident Financial Services Inc (PFS)

Compared to the last year’s volume of 0.69 million, its volume of 0.96 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 44.70%. Additionally, its Average True Range was 0.54.

During the past 100 days, Provident Financial Services Inc’s (PFS) raw stochastic average was set at 22.48%, which indicates a significant decrease from 73.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.57% in the past 14 days, which was higher than the 38.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.76, while its 200-day Moving Average is $16.02. Nevertheless, the first resistance level for the watch stands at $14.98 in the near term. At $15.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.39. If the price goes on to break the first support level at $13.57, it is likely to go to the next support level at $12.69. Now, if the price goes above the second support level, the third support stands at $12.16.

Provident Financial Services Inc (NYSE: PFS) Key Stats

There are 75,601K outstanding shares of the company, which has a market capitalization of 1.09 billion. As of now, sales total 695,650 K while income totals 128,400 K. Its latest quarter income was 183,140 K while its last quarter net income were 27,310 K.