Provident Financial Services Inc (NYSE: PFS) has reported E.P.S. of $0.36 for its third fiscal quarter (ending September 30) versus $0.38 for the same period a year ago — a decline of -5%. For the latest four quarters through September 30, E.P.S. were $1.01 compared to $2.01 a year ago — a decline of -50%.
Recent Price Action
Provident Financial Services Inc (NYSE: PFS) stock closed at $19.20 on 10/29/24 after a slight decline of -0.6%. However, this decline was accompanied by unusually low trading volume at 56% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
PFS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Provident Financial Services has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Provident Financial Services has a very high Power Rating of 86 and a very high Appreciation Score of 87, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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