Provident Financial Services PFS
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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
$17.19Market Cap
$2.23 BillionPrice-Earnings Ratio
17.02Total 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 | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $668.32 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 Operating Activities | $233.41 Million |
| Net Cash Flow, Continuing | $54.82 Million |
| Net Cash Flow | $54.82 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Basic Earnings Per Share | $1.02 |
| Revenues | $65.44 Million |
| Income Tax Expense/Benefit, Deferred | $4.04 Million |
| Noninterest Expense | $399.34 Million |
| Operating Expenses | $-61.23 Million |
| Depreciation and Amortization | $31.09 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss Attributable To Parent | $196.32 Million |
| Comprehensive Income/Loss | $196.32 Million |
| Other Comprehensive Income/Loss | $67.92 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $102.01 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Fixed Assets | $124.95 Million |
| Assets | $24.04 Billion |
| Noncurrent Assets | $0 |
| Equity Attributable To Parent | $2.62 Billion |
| Current Liabilities | $21.42 Billion |
| Equity Attributable To Noncontrolling Interest | $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 |