Is Provident Financial Stock a Good Investment?
Provident Financial Investment Advice | PFS |
- Examine Provident Financial's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Provident Financial's leadership team and their track record. Good management can help Provident Financial navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Provident Financial's business and its evolving consumer preferences.
- Compare Provident Financial's performance and market position to its competitors. Analyze how Provident Financial is positioned in terms of product offerings, innovation, and market share.
- Check if Provident Financial pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Provident Financial's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Provident Financial Services stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Provident Financial Services is a good investment.
Sell | Buy |
Hold
Market Performance | OK | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Provident Financial Stock
Researching Provident Financial's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 69.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.07. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Provident Financial has Price/Earnings To Growth (PEG) ratio of 1.84. The entity last dividend was issued on the 15th of November 2024.
To determine if Provident Financial is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Provident Financial's research are outlined below:
| About 69.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Provident financial director Edward Leppert sells shares worth 1.44 million |
Provident Financial uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Provident Financial Services. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Provident Financial's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Provident Financial's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Provident Financial's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2009-07-23 | 2009-06-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2008-04-23 | 2008-03-31 | 0.16 | 0.18 | 0.02 | 12 | ||
2003-10-30 | 2003-09-30 | 0.16 | 0.14 | -0.02 | 12 | ||
2003-07-17 | 2003-06-30 | 0.17 | 0.15 | -0.02 | 11 | ||
2013-04-26 | 2013-03-31 | 0.28 | 0.31 | 0.03 | 10 | ||
2008-10-23 | 2008-09-30 | 0.2 | 0.23 | 0.03 | 15 | ||
2007-10-25 | 2007-09-30 | 0.17 | 0.14 | -0.03 | 17 | ||
2004-07-26 | 2004-06-30 | 0.19 | 0.16 | -0.03 | 15 |
Know Provident Financial's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Provident Financial is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Provident Financial Services backward and forwards among themselves. Provident Financial's institutional investor refers to the entity that pools money to purchase Provident Financial's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2024-09-30 | 1.5 M | Basswood Capital Management Llc | 2024-09-30 | 892.7 K | Jane Street Group Llc | 2024-06-30 | 745.4 K | Deutsche Bank Ag | 2024-06-30 | 701.9 K | Goldman Sachs Group Inc | 2024-06-30 | 687.5 K | Hotchkis & Wiley Capital Management Llc | 2024-09-30 | 679.7 K | Two Sigma Investments Llc | 2024-09-30 | 672.8 K | Voloridge Investment Management, Llc | 2024-09-30 | 650.5 K | Amvescap Plc. | 2024-06-30 | 644.5 K | Blackrock Inc | 2024-06-30 | 17.2 M | Vanguard Group Inc | 2024-09-30 | 14.6 M |
Provident Financial's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 2.79 B.Market Cap |
|
Provident Financial's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.08 | 0.05 |
Determining Provident Financial's profitability involves analyzing its financial statements and using various financial metrics to determine if Provident Financial is a good buy. For example, gross profit margin measures Provident Financial's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Provident Financial's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Provident Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Provident Financial Services. Check Provident Financial's Beneish M Score to see the likelihood of Provident Financial's management manipulating its earnings.
Evaluate Provident Financial's management efficiency
Return On Capital Employed is likely to gain to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop 0.01 in 2024. At this time, Provident Financial's Intangibles To Total Assets are comparatively stable compared to the past year. Fixed Asset Turnover is likely to gain to 9.11 in 2024, whereas Total Assets are likely to drop slightly above 8.8 B in 2024. Provident Financial's management efficiency ratios could be used to measure how well Provident Financial manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 22.59 | 28.24 | |
| Tangible Book Value Per Share | 16.47 | 23.50 | |
| Enterprise Value Over EBITDA | 5.94 | 6.23 | |
| Price Book Value Ratio | 0.80 | 1.32 | |
| Enterprise Value Multiple | 5.94 | 6.23 | |
| Price Fair Value | 0.80 | 1.32 | |
| Enterprise Value | 2.6 B | 1.8 B |
The strategic decisions made by Provident Financial management significantly impact its financial stability and market performance. Evaluating these factors helps determine whether the stock is a worthwhile investment.
Dividend Yield 0.0449 | Forward Dividend Yield 0.0449 | Forward Dividend Rate 0.96 | Beta 1.023 |
Basic technical analysis of Provident Stock
As of the 26th of November, Provident Financial holds the Risk Adjusted Performance of 0.0965, coefficient of variation of 857.0, and Semi Deviation of 1.61. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Provident Financial, as well as the relationship between them. Please check Provident Financial variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Provident Financial is priced some-what accurately, providing market reflects its current price of 21.66 per share. Given that Provident Financial has jensen alpha of 0.0071, we recommend you to check out Provident Financial's recent market performance to make sure the company can sustain itself at a future point.Provident Financial's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Provident Financial insiders, such as employees or executives, is commonly permitted as long as it does not rely on Provident Financial's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Provident Financial insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Provident Financial's Outstanding Corporate Bonds
Provident Financial issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Provident Financial uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Provident bonds can be classified according to their maturity, which is the date when Provident Financial Services has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| Provident Financial 7405 Corp BondUS743863AA09 | View | |
| PROVIDENT INC 725 Corp BondUS743862AA26 | View | |
| US743820AA01 Corp BondUS743820AA01 | View | |
| PSJHOG 27 01 OCT 51 Corp BondUS743820AB83 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Provident Financial's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Provident Financial's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0965 | |||
| Market Risk Adjusted Performance | 0.1338 | |||
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.61 | |||
| Downside Deviation | 1.84 | |||
| Coefficient Of Variation | 857.0 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.59 | |||
| Information Ratio | 0.0657 | |||
| Jensen Alpha | 0.0071 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0916 | |||
| Treynor Ratio | 0.1238 | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.41 | |||
| Downside Variance | 3.39 | |||
| Semi Variance | 2.59 | |||
| Expected Short fall | (1.85) | |||
| Skewness | 2.61 | |||
| Kurtosis | 13.43 |
| Risk Adjusted Performance | 0.0965 | |||
| Market Risk Adjusted Performance | 0.1338 | |||
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.61 | |||
| Downside Deviation | 1.84 | |||
| Coefficient Of Variation | 857.0 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.59 | |||
| Information Ratio | 0.0657 | |||
| Jensen Alpha | 0.0071 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0916 | |||
| Treynor Ratio | 0.1238 | |||
| Maximum Drawdown | 17.37 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.41 | |||
| Downside Variance | 3.39 | |||
| Semi Variance | 2.59 | |||
| Expected Short fall | (1.85) | |||
| Skewness | 2.61 | |||
| Kurtosis | 13.43 |
Consider Provident Financial's intraday indicators
Provident Financial intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Provident Financial stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 23611.5 | |||
| Daily Balance Of Power | 0.3714 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21.89 | |||
| Day Typical Price | 21.81 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | 0.26 |
Provident Financial Corporate Filings
F4 | 22nd of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
13A | 31st of October 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 30th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Provident Stock media impact
Far too much social signal, news, headlines, and media speculation about Provident Financial that are available to investors today. That information is available publicly through Provident media outlets and privately through word of mouth or via Provident internal channels. However, regardless of the origin, that massive amount of Provident data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Provident Financial news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Provident Financial relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Provident Financial's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Provident Financial alpha.
Provident Financial Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Provident Financial can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Provident Financial Corporate Directors
| Matthew Harding | Independent Director | Profile | |
| Robert Adamo | Independent Director | Profile | |
| Terence Gallagher | Independent Director | Profile | |
| Edward Leppert | Independent Director | Profile |
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.