Provident Financial Services: Past Monumental Upside Justifies A Bit More From Here

2026-02-19 17:40:07 ET

One of the strongest prospects that I have picked out over the last couple of years now has been Provident Financial Services ( PFS ). Back in November of last year, for instance, I reaffirmed the company as a ‘buy’ candidate. This was driven by continued growth when it came to deposits and loans, as well as high asset quality. Add on top of this how cheap the stock was when it came to earnings, book value, and tangible book value, and I believed that further upside was likely. Since then, shares have jumped 28.9%. That's well above the 5% increase that the S&P 500 achieved over the same window of time. But that pales in comparison to the real story. Since I originally rated it a ‘buy’ in February of 2024, the stock has surged 65.8%. That's meaningfully above the 38% rise that the market enjoyed....

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