Provident Financial Services, I – Consensus indicates 7.4% upside potential

Provident financial services, i with ticker code (PFS) now have 5 analysts covering the stock. Analyst consensus points to a ‘Hold’ rating. The target price ranges between 27 and 24 calculating the average target price we see 25.8. Given that the stock’s previous close was at 24.03, this indicates that there is upside potential of 7.4%. The 50-day moving average is 24.31 and the 200-day MA is 23.76. The market cap of the company is $1,828 million. Visit the company’s website at:

The potential market capitalization would be $1,963 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, 2020, it operated 99 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