Provident Financial Services, I – Consensus indicates 16.7% upside potential

Provident financial services, i found using the ticker (PFS) now have 5 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The range between the high target price and the low target price is between 29 and 24, with the middle target price at 26. Given that the previous close of the shares was at 22.27, this would indicate that there is potential increase of 16.7%. The 50-day MA is at 22.35 and the 200 moving average is now moving to 23.59. The company has a market capitalization of $1,662 million. You can visit the company’s website by visiting:

The potential market capitalization would be $1,940 million based on market consensus.

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Provident Financial Services operates as a bank holding company for Provident Bank which provides various personal, family and business banking products and services in the United States. The Company’s deposit products include savings, checks, interest-bearing checks, money market deposits and certificates of deposit accounts, as well as IRA products. Its loan portfolio includes commercial real estate loans secured by properties, such as multi-family apartment buildings, office buildings, and commercial and industrial properties; commercial business loans; fixed and adjustable rate mortgages secured by one to four family residential properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. The Company also offers cash management, remote deposit capture, payroll issuance, escrow account management, and online and mobile banking; and business credit cards. In addition, it provides wealth management services including investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Additionally, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for the acquisition of mortgages and other real estate-related assets; and manages and sells real estate acquired by foreclosure. As of December 31, 2021, it operated 96 full-service branches in northern and central New Jersey, as well as Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Stephen V. Lee