Provident financial services, I – Consensus points to potential increase of 9.0%

Provident financial services, I with ticker code (PFS) now have 5 total analysts covering the stock. The consensus rating is “Hold”. The target price varies between 27 and 23 with an average TP of 25.4. Now, with the previous closing price of 23.3, that would imply a potential rise of 9.0%. The 50 day moving average is 24.58 while the 200 day moving average is 23.45. The market capitalization of the company is $ 1,803 million. For more information, visit: http://www.provident.bank

Provident Financial Services is the banking holding company of Provident Bank that provides a variety of banking products and services to individuals, families and businesses 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; loans to business enterprises; fixed rate and adjustable rate mortgages secured by residential real estate properties of one to four families; commercial construction loans; and consumer loans comprising home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, as well as auto and recreational vehicle loans. The company also provides cash management, remote deposit entry, payroll issuance, escrow account management, and online and mobile banking services; and business credit cards. In addition, she provides wealth management services including investment management, trust and estate administration, financial planning, tax planning and compliance, and private banking. In addition, 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 in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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Stephen V. Lee