How to Buy Provident Financial Services Stock
Provident Financial Services Inc
Provident Financial Services is a bank company located in New Jersey, United States, which is part of the Financial Services sector, and is traded under the ticker PFS on the NYSE exchange.
Provident Financial Services stock last closed at $15.02, up 2.32% from the previous day, and has decreased 11.33% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.29 percentage points. Provident Financial Services stock is currently +13.7% from its 52-week low of $13.21, and -23.45% from its 52-week high of $19.62.
There are currently 75.98M shares of PFS outstanding. The market value of PFS is $1.14B. In the last 24 hours, 604,430 PFS shares were traded.
How to Buy Provident Financial Services Stock
Not sure how to invest in Provident Financial Services stock? Here's how.
- Decide where to buy Provident Financial Services stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Provident Financial Services stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your details.
- Analyze Provident Financial Services stock: The Provident Financial Services ticker symbol is PFS. Is Provident Financial Services stock a good investment? Should you buy shares of PFS? How do PFS's underlying business fundamentals look? Do top analysts think Provident Financial Services is a good buy? Why has PFS's stock price moved recently? (Hint: Our stock research tools can help you figure out if PFS is a good stock to buy).
- Place your PFS buy order: Decide if you will purchase PFS shares at the current market price or use a limit order to purchase PFS stock at a particular price.
- Get the latest scoop on your PFS investment: Create a watchlist to watch your position in Provident Financial Services stock.
Step 1: Decide where to buy Provident Financial Services stock
You need a brokerage account to access the NYSE market and buy PFS shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can invest in PFS today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have created your account on the best stock buying app, you need to deposit funds:
Check out this video walkthrough to see the process of transferring funds into your new investment account.
Step 4: Analyze Provident Financial Services stock
After you have figured out the best place to buy Provident Financial Services stock, it's absolutely critical to research their stock prior to investing, so you can wrap your head around the risk and opportunity.
Provident Financial Services Metrics
PFS Overview
WallStreetZen was created to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on PFS's stock page.
Is PFS stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PFS's fair value.
Using relative valuations metrics:
- PFS may be undervalued based on its P/E ratio of 9.33x, relative to Banks - Regional industry P/E ratio of -9.5x
- PFS may be undervalued based on its P/B ratio of 0.67x, relative to Banks - Regional industry P/B ratio of 0.98x
You can access more valuation research on PFS's stock here.
A quick look at PFS Financials
Positive Financial Indicators:
- PFS earnings of $163.76M is not sufficient to cover its interest payments.
Negative Financial Indicators:
- PFS's operating cash flow of $156.74M allows it to safely service it's debt of $2.07B.
- Total PFS debt is higher than 5 years ago, relative to shareholder equity.
- PFS profit margin has gone down from 34.4% to 27.2% in the past year.
- PFS has a relatively high debt to equity ratio of 7.34.
Is it a good time to buy PFS stock, according to analysts?
Out of 4 sell side analysts who monitor PFS, the consensus analyst rating on PFS is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Provident Financial Services stock forecast page.
PFS Momentum
Is PFS Making Money?
Last year, PFS earnings were $119.94M. In the past 5 year, PFS's earnings have gone up by -3.05% per year. This was slower than the Banks - Regional industry average of 16.33%.
Last year, PFS revenue was $441.19M. During the past 5 year, PFS's revenue has gone up by 5.26% per year. This was slower than the Banks - Regional industry average of 7.61%.
Find out more about PFS's earnings and revenue performance here.
Who is buying/selling PFS?
Over the last year, insiders at PFS have sold more shares than they have bought.
James A. Christy, EVP CRO of Provident Bank of PFS, was the latest PFS insider to sell. They sold $47,011.10 worth of PFS shares on Mar 3, 2024.
Learn more about who owns PFS shares here.
Can I rely on PFS as an income stream?
Provident Financial Services pays a dividend of 7.99%, compared to the Banks - Regional industry's average dividend yield of 3.85%. If you owned $1,000 worth of PFS stock, you would have received $79.89 in the past year.
Provident Financial Services dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Provident Financial Services dividend yield and history here.
PFS Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your PFS buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open button and eToro will place the order.
If you want additional help with buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your PFS investment
Now that you own some PFS shares, you'll want to stay up-to-date on your new company.
Make a watchlist to get the latest updates about your PFS stock.
PFS Feed
How to Buy Stock in Provident Financial Services
To reiterate, here are the 6 steps to buy stock in Provident Financial Services:
- Decide where to buy Provident Financial Services stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Provident Financial Services stock
- Place your PFS buy order
- Get the latest scoop on your PFS investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Provident Financial Services, add PFS to your watchlist below.
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