PROVIDENT FINANCIAL SERVICES INC stock forecast: up to 23.67 USD PFS stock price prognosis

STOCK

Forecast for Thu 30 Mar 2023 price 23.20

PROVIDENT FINANCIAL SERVICES INC stock price forecast for further price development up to 5.72% (time horizon: 1 day) and price target of 23.67 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) PROVIDENT FINANCIAL SERVICES INC share price prediction for 2023-03-30 with daily closed price projections

Key Facts

Symbol PFS 

ISIN US74386T1051 

CUSIP 74386T105


Currency USD


Category Savings Institution, Federally Chartered

Forecast price change %


News sentiment (0.42)


News <--> Close correlation for next day influence (0.12)

Finance numbers

Revenue 452,748,000.0


Earnings per share 1.79


Dividends 0.92

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.

Summerized Form 10-K with GPT-2

The total consideration paid for the acquisition of SB One was $180.8 million. The acquisition was accounted for under the acquisition method of accounting. Emphasis on Relationship Banking and Core Deposits. The Bank underwrites most construction loans for a term of three years or less. All of the loans sold in 2020 were long-term, fixed-rate mortgages. Loans originated in this category over the last five years have totaled $16.1 million. The Bank generally requires minimum debt service coverage of 1.20 times. Financial statements are also required annually for review. This loan closed in 2020 with construction completion expected by the end of 2021. Consumer loans represented 5.1% of the total loan portfolio at December 31, 2020. All other policy exceptions must be approved by the Credit Committee. The Bank reviews these group exposures on a quarterly basis. Impaired loans also include all loans modified as troubled debt restructurings ("TDRs"). The CECL estimate incorporates life-of-loan aspects through this DCF approach. Also, there were no loans classified as "loss" at December 31, 2020. As of December 31, 2020, $340.6 million of loans were designated "special mention." Of these non-performing commercial loans, 16 were PCD loans totaling $5.5 million. All of these loans are unsecured/non-real estate secured. These loans are currently not paying in accordance with their restructured terms. A new modification/forbearance agreement is currently being negotiated. Non-performing construction loans totaled $1.4 million at December 31, 2020. Non-performing construction loans at December 31, 2020 consisted of two PCD loans. The Company\'s economic forecast is approved by the Company\'s Asset-Liability Committee. Accordingly, these modifications were not classified as TDRs. Such estimates and assumptions are adjusted when facts and circumstances dictate. This is based on management's assessment as of a given point in time. At the present time, there are no securities that are classified as held for trading. The Bank offers a variety of deposits for retail and business accounts. Deposits are primarily obtained from the areas surrounding the Bank's branch locations. The FHLB provides a central credit facility primarily for member institutions. The Bank is in compliance with these requirements. Institutions deemed less risky paid lower assessments. Also on July 1, 2016, the FDIC eliminated the risk categories. Banks are subject to statutory prohibitions on certain tying arrangements. Safety and Soundness Standards. The Company\'s 2017 and 2018 New York State returns are currently under audit. Material additions to the allowance would materially decrease our net income. We face regulatory scrutiny based on our commercial real estate lending. Impairment testing may be based on valuation models that estimate fair value. The Company continues to have many employees working remotely. We have a significant amount of real estate loans. If home ownership becomes less attractive, demand for mortgage loans could decrease. At December 31, 2020, loans utilizing the LIBOR rate totaled $2.27 billion. We continuously update these systems to support our operations and growth. Failure to keep pace with technological changes could adversely affect our business. The repurchase program has no expiration date. The total consideration paid in the acquisition of SB One was $180.8 million. Tangible assets acquired in the transaction were nominal. No liabilities were

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1178970/000162828021003659/0001628280-21-003659.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 48.87/100
    • Historical view, profit is not growing.
    • Company revenue is growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
PARAMETRIC PORTFOLIO ASSOCIATES LLC 2021-03-31 278131
EARNEST PARTNERS LLC 2021-03-31 2234
OREGON PUBLIC EMPLOYEES RETIREMENT FUND 2021-06-30 29423
Point72 Hong Kong Ltd 2021-03-31 615
TEXAS PERMANENT SCHOOL FUND 2021-06-30 54036

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Fidelity Concord Street Trust 2021-05-31 106138 Long
VANGUARD INTERNATIONAL EQUITY INDEX FUNDS 2021-04-30 25325 Long
Fidelity Salem Street Trust 2021-04-30 517814 Long
Fidelity Concord Street Trust 2021-04-30 13395 Long
iShares U.S. ETF Trust 2021-04-30 140 Long

Insider trading for PROVIDENT FINANCIAL SERVICES INC

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1256421 Lista George 2022-05-17 SALE Accept Accept Accept Accept
1540789 Christy James A. 2022-03-11 SALE Accept Accept Accept Accept

Bollinger Bollinger Bands for PROVIDENT FINANCIAL SERVICES INC can provide the information where the market is moving based on price information.


PROVIDENT FINANCIAL SERVICES INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.


On-Balance Volume information for PROVIDENT FINANCIAL SERVICES INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.


Accumulation / Distribution (A/D) indicator information for PROVIDENT FINANCIAL SERVICES INC. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for PROVIDENT FINANCIAL SERVICES INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for PROVIDENT FINANCIAL SERVICES INC. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for PROVIDENT FINANCIAL SERVICES INC. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for PROVIDENT FINANCIAL SERVICES INC. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for PROVIDENT FINANCIAL SERVICES INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


52W High 52W Low Market Cap

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PROVIDENT FINANCIAL SERVICES INC on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2023-02-07 23.67 2023-02-02 07:12
2023-02-08 23.74 2023-02-02 07:12
2023-02-15 23.78 2023-02-02 07:12
2023-02-17 23.79 2023-02-02 07:12
2023-02-20 23.75 2023-02-02 07:12
2023-02-21 23.73 2023-02-02 07:12
2023-02-22 23.65 2023-02-02 07:12
2023-02-03 23.72 2023-02-02 07:12
2023-02-06 23.73 2023-02-02 07:12
2023-02-09 23.83 2023-02-02 07:12
2023-02-10 23.87 2023-02-02 07:12
2023-02-13 23.84 2023-02-02 07:12
2023-02-14 23.80 2023-02-02 07:12
2023-02-16 23.83 2023-02-02 07:12
2023-02-23 23.64 2023-02-02 07:12
2023-02-24 23.61 2023-02-02 07:12
2023-02-27 23.61 2023-02-02 07:12
2023-02-28 23.61 2023-02-02 07:12
2023-03-01 23.59 2023-02-02 07:12
2023-03-02 23.56 2023-02-02 07:12
2023-03-06 23.50 2023-02-02 07:12
2023-03-07 23.50 2023-02-02 07:12
2023-03-09 23.46 2023-02-02 07:12
2023-03-03 23.52 2023-02-02 07:12
2023-03-08 23.48 2023-02-02 07:12
2023-03-10 23.44 2023-02-02 07:12
2023-03-13 23.42 2023-02-02 07:12
2023-03-14 23.40 2023-02-02 07:12
2023-03-15 23.39 2023-02-02 07:12
2023-03-16 23.37 2023-02-02 07:12
2023-03-17 23.36 2023-02-02 07:12
2023-03-20 23.33 2023-02-02 07:12
2023-03-21 23.31 2023-02-02 07:12
2023-03-22 23.30 2023-02-02 07:12
2023-03-23 23.28 2023-02-02 07:12
2023-03-24 23.27 2023-02-02 07:12
2023-03-27 23.25 2023-02-02 07:12
2023-03-28 23.23 2023-02-02 07:12
2023-03-29 23.21 2023-02-02 07:12
2023-03-30 23.20 2023-02-02 07:13