In a report released on January 11, Jon Arfstrom from RBC Capital maintained a Buy rating on Provident Financial Services (PFS – Research Report), with a price target of $27.00. The company’s shares closed yesterday at $22.26.
According to TipRanks, Arfstrom is a 5-star analyst with an average return of 17.7% and a 56.76% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Discover Financial Services, First Republic Bank, and Huntington Bancshares.
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.
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The company has a one-year high of $25.33 and a one-year low of $18.97. Currently, Provident Financial Services has an average volume of 358K.
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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