Provident Financial Services traded at $21.80 this Monday February 23rd, decreasing $1.28 or 5.55 percent since the previous trading session. Looking back, over the last four weeks, Provident Financial Services lost 5.88 percent. Over the last 12 months, its price rose by 22.82 percent. Looking ahead, we forecast Provident Financial Services to be priced at 22.36 by the end of this quarter and at 20.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
Provident Financial Services Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community- and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary market areas. The Bank attracts deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank invests in mortgage-backed securities and other permissible investments. The Bank also provides fiduciary and wealth management services through its subsidiary, Beacon Trust Company and insurance brokerage services through its subsidiary, SB One Insurance Agency, Inc.