PFS Stock Summary and Trading Ideas (Provident Finl Servs | NYSE:PFS)

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.

Provident Finl Servs trades on the NYSE stock market under the symbol PFS.

As of April 24, 2024, PFS stock price climbed to $15.55 with 1,111,306 million shares trading.

PFS has a beta of 1.34, meaning it tends to be more sensitive to market movements. PFS has a correlation of 0.23 to the broad based SPY ETF.

PFS has a market cap of $1.18 billion. This is considered a Small Cap stock.

Last quarter Provident Finl Servs reported $94 million in Revenue and $.43 earnings per share. This beat revenue expectation by $720,000 and exceeded earnings estimates by $.03.

In the last 3 years, PFS stock traded as high as $26.20 and as low as $13.21.

The top ETF exchange traded funds that PFS belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

PFS has underperformed the market in the last year with a return of -8.1%, while the SPY ETF gained +24.2%. In the last 3 month period, PFS fell short of the market, returning -9.7%, while SPY returned +4.6%. However, in the most recent 2 weeks PFS has outperformed the stock market by returning +6.6%, while SPY returned -2.7%.

PFS support price is $15.11 and resistance is $15.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFS stock will trade within this expected range on the day.