PFS - Provident Financial Services Inc Looks to Continue to Trade Above its Annual-High Share Price Today
Provident Financial Services Inc (NYSE:PFS) traded today at a new 52-week high of $24.40. This new high was reached on below average trading volume as 121,000 shares traded hands, while the average 30-day volume is approximately 360,000 shares.
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. Net interest income is the largest portion of the company's net revenue.
Provident Financial Services Inc (NYSE:PFS) is currently priced 0.5% above its average consensus analyst price target of $23.84.
Over the past year, Provident Financial Services Inc has traded in a range of $10.54 to $24.40 and is now at $23.95, 127% above that low.
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