A new trading day began on Friday, with Provident Financial Services Inc (NYSE: PFS) stock price up 0.43% from the previous day of trading, before settling in for the closing price of $16.11. PFS’s price has ranged from $13.21 to $19.62 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 11.02% over the last five years. Meanwhile, its annual earnings per share averaged 8.07%. With a float of $69.17 million, this company’s outstanding shares have now reached $75.54 million.
The firm has a total of 1142 workers. Let’s measure their productivity.
Provident Financial Services Inc (PFS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Provident Financial Services Inc is 8.97%, 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 8.07% 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
Here are Provident Financial Services Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 8.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.60, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.19 in one year’s time.
Technical Analysis of Provident Financial Services Inc (PFS)
Analysing the last 5-days average volume posted by the [Provident Financial Services Inc, PFS], we can find that recorded value of 4.37 million was better than the volume posted last year of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 80.53%. Additionally, its Average True Range was 0.46.
During the past 100 days, Provident Financial Services Inc’s (PFS) raw stochastic average was set at 54.20%, which indicates a significant decrease from 85.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.06% in the past 14 days, which was lower than the 36.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.88, while its 200-day Moving Average is $15.78. Now, the first resistance to watch is $16.40. This is followed by the second major resistance level at $16.62. The third major resistance level sits at $16.84. If the price goes on to break the first support level at $15.96, it is likely to go to the next support level at $15.74. Should the price break the second support level, the third support level stands at $15.52.
Provident Financial Services Inc (NYSE: PFS) Key Stats
With a market capitalization of 1.23 billion, the company has a total of 75,984K Shares Outstanding. Currently, annual sales are 695,650 K while annual income is 128,400 K. The company’s previous quarter sales were 184,670 K while its latest quarter income was 32,080 K.
