PFS
Provident Financial Services (NYSE: PFS) announced it recently awarded $50,000 in grants to 6 non-profit...
Article Summary
BUY- Provident Financial Services (NYSE: PFS) announced it recently awarded $50,000 in grants to 6 non-profit organizations as part of the Federal Home Loan Bank of New York Small Business Recovery Grant (SBRG) Program.
- The SBRG Program provides funds to benefit the small businesses of FHLBNY members including farms and non-profits, with members able to provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to rate environment, inflation, supply-chain constraints, and/or rising energy costs.
- Provident Bank, founded in Jersey City in 1839, is the oldest community-focused financial institution based in New Jersey with assets of $25.20 billion as of March 31, 2026, offering a wide range of customized financial solutions for businesses and consumers delivered through its convenient network of 136 branches across New Jersey.
- The bank also provides fiduciary and wealth management services through wholly owned subsidiaries Beacon Trust Company and Provident Protection Plus Inc.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 8.5% | 25% | 35.0 ptsBelow Screener (8.5%) - Weak growth |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 8.7% | 20% | 35.0 ptsBelow Screener (8.7%) - Target: $25.75 vs Current: $23.68 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -3.6% | 15% | 20.0 ptsBarely a Dip (-3.6%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PFS
- Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States.
- Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.
- The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, retail and industrial properties, and office buildings; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; residential mortgage loans; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, personal loans and unsecured lines of credit, and auto and recreational vehicle loans.
- It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards.
- In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning; and insurance agency operations.
- Further, it sells insurance and investment products, including annuities; and manages and sells real estate properties acquired through foreclosure.
- The company was founded in 1839 and is headquartered in Jersey City, New Jersey.