The stock of Provident Financial Services Inc (PFS) has gone up by 6.40% for the week, with a 0.83% rise in the past month and a 12.40% rise in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are 3.81% for PFS. The simple moving average for the past 20 days is 2.52% for PFS’s stock, with a 15.70% simple moving average for the past 200 days.
Is It Worth Investing in Provident Financial Services Inc (NYSE: PFS) Right Now?
Provident Financial Services Inc (NYSE: PFS) has a price-to-earnings ratio that is above its average at 17.11x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PFS is 115.44M, and at present, short sellers hold a 4.40% of that float. On August 15, 2024, the average trading volume of PFS was 1.34M shares.
PFS) stock’s latest price update
Provident Financial Services Inc (NYSE: PFS) has experienced a rise in its stock price by 5.35 compared to its previous closing price of 17.21. However, the company has seen a gain of 6.40% in its stock price over the last five trading days. prnewswire.com reported 2024-08-08 that VANCOUVER, BC, Aug. 8, 2024 /PRNewswire/ – New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP) (“New Pacific” or the “Company”) is pleased to report the filing of an independent Pre-Feasibility Study (“PFS”) technical report for its Silver Sand project (the “Project”) located in Potosi, Bolivia with an effective date of June 19, 2024 (the “PFS Technical Report”). The PFS Technical Report was prepared in accordance with the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Analysts’ Opinion of PFS
DA Davidson, on the other hand, stated in their research note that they expect to see PFS reach a price target of $20, previously predicting the price at $15. The rating they have provided for PFS stocks is “Buy” according to the report published on April 22nd, 2024.
Piper Sandler gave a rating of “Overweight” to PFS, setting the target price at $20 in the report published on August 22nd of the previous year.
PFS Trading at 15.65% from the 50-Day Moving Average
After a stumble in the market that brought PFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.38% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +2.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.56% upper at present.
During the last 5 trading sessions, PFS rose by +5.81%, which changed the moving average for the period of 200-days by +28.05% in comparison to the 20-day moving average, which settled at $17.70. In addition, Provident Financial Services Inc saw 0.55% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PFS starting from LABOZZETTA ANTHONY J, who purchase 868 shares at the price of $15.95 back on May 20 ’24. After this action, LABOZZETTA ANTHONY J now owns 4,573 shares of Provident Financial Services Inc, valued at $13,840 using the latest closing price.
LISTA GEORGE, the Pres/CEO Prov Protection Plus of Provident Financial Services Inc, purchase 1,094 shares at $15.85 during a trade that took place back on Feb 05 ’24, which means that LISTA GEORGE is holding 7,835 shares at $17,335 based on the most recent closing price.
Stock Fundamentals for PFS
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.94 for the gross margin
The net margin for Provident Financial Services Inc stands at 0.1. The total capital return value is set at 0.02. Equity return is now at value 3.64, with 0.40 for asset returns.
Based on Provident Financial Services Inc (PFS), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 0.79.
Currently, EBITDA for the company is 2.95 million with net debt to EBITDA at 100.55. When we switch over and look at the enterprise to sales, we see a ratio of 6.47. The receivables turnover for the company is 8.03for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
To sum up, Provident Financial Services Inc (PFS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
