2024-02-19 05:49:51 ET
Summary
- Provident Financial Services is a small regional bank with mixed financial performance but an attractive valuation.
- The bank offers traditional banking products and services, including loans, investments, and some involving wealth management.
- The bank is in the process of completing a major transaction with Lakeland Bancorp, which could lead to additional gains for investors.
- Due to the discount, buying Lakeland could be a cheaper way to buy the firm if you believe the merger will be completed.
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Provident Financial Services: An Appealing Prospect As Its Merger With Lakeland Bancorp Nears