For its first fiscal quarter (ending March 31), Provident Financial Services Inc (NYSE: PFS) has reported E.P.S. of $0.43 compared to $0.54 a year ago. E.P.S. were $1.60 for the latest four quarters through March 31 versus $2.31 for the same period a year ago.
Recent Price Action
Provident Financial Services Inc (NYSE: PFS) stock rose modestly by 1.0% on 4/18/24. The stock closed at $13.75. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 1.9% during the last week.
Current PriceTarget Research Rating
PFS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Provident Financial Services has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Provident Financial Services has a very high Appreciation Score of 92 but a slightly negative Power Rating of 33, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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