Provident Financial Services (PFS) Receives a Buy from RBC Capital

RBC Capital analyst Jon Arfstrom maintained a Buy rating on Provident Financial Services (PFSResearch Report) on January 27 and set a price target of $27.00. The company’s shares closed yesterday at $22.95.

According to TipRanks, Arfstrom is a 5-star analyst with an average return of 18.8% and a 63.21% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Discover Financial Services, Huntington Bancshares, and Zions Bancorporation National Association.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Provident Financial Services with a $27.00 average price target.

See today’s best-performing stocks on TipRanks >>

PFS market cap is currently $1.74B and has a P/E ratio of 9.84.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PFS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Provident Financial Services, Inc. operates as a holding company for the Provident Bank, which provides banking services to individual and corporate customers in northern and central New Jersey and eastern Pennsylvania. It attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans, and consumer loans. The firm also invests in mortgage backed securities and other permissible investments. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.

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