Q3 2024 Provident Financial Services Inc Earnings Call Transcript
| PFS Stock | USD 16.69 0.09 0.54% |
Slightly above 62% of Provident Financial's investor base is looking to short. The current sentiment regarding investing in Provident Financial Services stock implies that many traders are alarmed. Provident Financial's investing sentiment can be driven by a variety of factors including economic data, Provident Financial's earnings reports, geopolitical events, and overall market trends.
Provident | Build AI portfolio with Provident Stock |
Oct 30, 2024 0200PM GMTOperator Thank you for standing by. I would like to welcome everyone to the Provident Financial Services Inc third quarter earnings co
Read at gurufocus.com
 |
Provident Financial Fundamental Analysis
We analyze Provident Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Provident Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Provident Financial based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Provident Financial is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Provident Financial Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Provident Financial stock to make a market-neutral strategy. Peer analysis of Provident Financial could also be used in its relative valuation, which is a method of valuing Provident Financial by comparing valuation metrics with similar companies.
Peers
Provident Financial Related Equities
| HFBL | Home Federal | 1.40 | ||||
| FIBK | First Interstate | 0.15 | ||||
| AFBI | Affinity Bancshares | 0.11 | ||||
| CTBI | Community Trust | 0.23 | ||||
| ECBK | ECB Bancorp | 0.49 | ||||
| HFWA | Heritage Financial | 0.52 | ||||
| CBAN | Colony Bankcorp | 0.78 | ||||
| NRIM | Northrim BanCorp | 1.10 | ||||
| FNWD | Finward Bancorp | 1.12 | ||||
| GSBC | Great Southern | 1.16 | ||||
| CNOB | ConnectOne Bancorp | 1.18 | ||||
| LNKB | LINKBANCORP | 1.30 | ||||
| BWFG | Bankwell Financial | 1.37 | ||||
| BY | Byline Bancorp | 1.40 | ||||
| BRBS | Blue Ridge | 1.43 | ||||
| PGC | Peapack Gladstone | 2.45 | ||||
| FMBH | First Mid | 2.98 | ||||
| NFBK | Northfield Bancorp | 3.27 |
Additional Tools for Provident Stock Analysis
When running Provident Financial's price analysis, check to measure Provident Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.