Provident Financial Services Inc (NYSE: PFS) kicked off on Friday, up 5.21% from the previous trading day, before settling in for the closing price of $13.64. Over the past 52 weeks, PFS has traded in a range of $13.07-$19.62.
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A company in the Financial sector has jumped its sales by 11.02% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 8.07%. With a float of $121.98 million, this company’s outstanding shares have now reached $129.90 million.
In an organization with 1142 employees, it is important to assess its efficiency.
Provident Financial Services Inc (PFS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Provident Financial Services Inc is 6.10%, while institutional ownership is 42.92%. The most recent insider transaction that took place on May 20 ’24, was worth 13,840. In this transaction President and CEO of this company bought 868 shares at a rate of $15.95, taking the stock ownership to the 4,573 shares. Before that another transaction happened on Feb 05 ’24, when Company’s Pres/CEO Prov Protection Plus bought 1,094 for $15.85, making the entire transaction worth $17,335. This insider now owns 7,835 shares in total.
Provident Financial Services Inc (PFS) Latest Financial update
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
Take a look at Provident Financial Services Inc’s (PFS) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.61. Likewise, its price to free cash flow for the trailing twelve months is 12.43.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.03 million. That was better than the volume of 0.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.62%. Additionally, its Average True Range was 0.39.
During the past 100 days, Provident Financial Services Inc’s (PFS) raw stochastic average was set at 37.87%, which indicates a significant decrease from 95.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.22% in the past 14 days, which was lower than the 35.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.63, while its 200-day Moving Average is $15.37. However, in the short run, Provident Financial Services Inc’s stock first resistance to watch stands at $14.58. Second resistance stands at $14.80. The third major resistance level sits at $15.20. If the price goes on to break the first support level at $13.96, it is likely to go to the next support level at $13.56. The third support level lies at $13.34 if the price breaches the second support level.
Provident Financial Services Inc (NYSE: PFS) Key Stats
The company with the Market Capitalisation of 1.86 billion has total of 75,984K Shares Outstanding. Its annual sales at the moment are 695,650 K in contrast with the sum of 128,400 K annual income. Company’s last quarter sales were recorded 184,670 K and last quarter income was 32,080 K.
