Provident Financial Services PFS
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Provident Financial Services (PFS) Business Model and Operations Summary
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The Company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
Key Insights
Provident Financial Services (PFS) Core Market Data and Business Metrics
Latest Closing Price
$17.6Market Cap
$2.29 BillionPrice-Earnings Ratio
16.92Total Outstanding Shares
130.19 Million SharesTotal Employees
1,142Dividend
$0.24 Per Share QuarterlyIPO Date
January 16, 2003SIC Description
Savings Institution, Federally CharteredPrimary Exchange
New York Stock ExchangeHeadquarters
830 Bergen Avenue, Jersey City, NJ, 07306
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 611,068 Shares | 5.11 | 3/14/2025 | 3,123,054 Shares |
| 580,719 Shares | 4.76 | 2/28/2025 | 2,764,757 Shares |
| 570,700 Shares | 4.94 | 2/14/2025 | 2,817,386 Shares |
| 659,329 Shares | 4.59 | 1/31/2025 | 3,024,392 Shares |
| 553,300 Shares | 5.54 | 1/15/2025 | 3,065,736 Shares |
| 624,066 Shares | 4.8 | 12/31/2024 | 2,993,610 Shares |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $233.41 Million |
| Net Cash Flow From Operating Activities, Continuing | $233.41 Million |
| Net Cash Flow From Investing Activities, Continuing | $668.32 Million |
| Net Cash Flow From Financing Activities | $-846.91 Million |
| Net Cash Flow, Continuing | $54.82 Million |
| Net Cash Flow From Investing Activities | $668.32 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Income/Loss From Continuing Operations After Tax | $94.31 Million |
| Interest Expense, Operating | $374.46 Million |
| Income/Loss From Continuing Operations Before Tax | $126.67 Million |
| Depreciation and Amortization | $31.09 Million |
| Diluted Earnings Per Share | $1.04 |
| Noninterest Expense | $398.83 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss Attributable To Parent | $102.01 Million |
| Comprehensive Income/Loss Attributable To Parent | $196.32 Million |
| Comprehensive Income/Loss | $196.32 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Other Comprehensive Income/Loss | $67.92 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Current Liabilities | $21.42 Billion |
| Fixed Assets | $124.95 Million |
| Equity Attributable To Parent | $2.62 Billion |
| Liabilities | $21.42 Billion |
| Equity Attributable To Noncontrolling Interest | $0 |
| Noncurrent Liabilities | $0 |
Historical Dividends
Current dividend: $0.24 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jan 28, 2025 | Feb 28, 2025 | Feb 14, 2025 | $0.24 | Quarterly |
| Oct 29, 2024 | Nov 29, 2024 | Nov 15, 2024 | $0.24 | Quarterly |
| Jul 25, 2024 | Aug 30, 2024 | Aug 16, 2024 | $0.24 | Quarterly |
| Jan 25, 2024 | Feb 23, 2024 | Feb 9, 2024 | $0.24 | Quarterly |
| Oct 26, 2023 | Nov 24, 2023 | Nov 10, 2023 | $0.24 | Quarterly |
| Jul 27, 2023 | Aug 25, 2023 | Aug 11, 2023 | $0.24 | Quarterly |