Financial services

Provident Financial Services, I – Consensus indicates 11.2% upside potential

Provident financial services, i found using the ticker (PFS) now have 5 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The target price ranges between 30 and 25 calculating the average target price we see 26.8. Now, with the previous closing price of 24.09, this would indicate that there is 11.2% upside potential. The 50-day moving average now stands at 23.39 while the 200-day moving average is at 23.51. The company has a market capitalization of $1,830 million. Visit the company’s website at: https://www.provident.bank

The potential market capitalization would be $2,036 million based on market consensus.

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Provident Financial Services operates as a bank holding company for Provident Bank which provides various personal, family and business banking products and services in the United States. The Company’s deposit products include savings, checks, interest-bearing checks, money market deposits and certificates of deposit accounts, as well as IRA products. Its loan portfolio includes commercial real estate loans secured by properties, such as multi-family apartment buildings, office buildings, and commercial and industrial properties; commercial business loans; fixed and adjustable rate mortgages secured by one to four family residential properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. The Company also offers cash management, remote deposit capture, payroll issuance, escrow account management, and online and mobile banking; and business credit cards. In addition, it provides wealth management services including investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Additionally, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for the acquisition of mortgages and other real estate-related assets; and manages and sells real estate acquired by foreclosure. As of December 31, 2021, it operated 96 full-service branches in northern and central New Jersey, as well as Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.