PFS Intrinsic Value Calculation – Raymond James Financial Services Advisors Acquires Shares of Provident Financial Services,

Trending News ☀️

PFS Intrinsic Value Calculation – Raymond James Financial Services Advisors, Inc. recently announced its acquisition of shares of Provident Financial Services ($NYSE:PFS), Inc. (NYSE:PFS). This acquisition is part of Raymond James’s strategy to diversify its asset-management offerings, with an emphasis on client service. It provides a wide range of commercial and consumer banking services, including deposits, loans, trust and wealth management services, insurance products, and investment services. Provident Financial Services is one of the largest publicly traded banking companies in the United States.

The company’s stock is traded on the New York Stock Exchange under the ticker symbol PFS. The acquisition will provide Raymond James’s clients with access to a broad array of banking and financial services, helping to further diversify their portfolios and provide them with more options for their financial needs. It will help Raymond James diversify its asset-management offerings, while also providing clients with more options for their financial needs. It will also provide Provident Financial Services with access to a larger pool of potential investors and customers.

Share Price

The news was met with mostly positive sentiment, as Provident Financial Services stock opened at $23.2 and closed at $23.5, up by 2.2% from its previous closing price of $23.0. This marks a significant increase in value for the company, which is likely to be beneficial for both Raymond James Financial Services Advisors and Provident Financial Services shareholders. The acquisition of shares in Provident Financial Services is not the first for Raymond James Financial Services Advisors, which has a long history of strategic investments in a wide range of financial services companies. The latest move is further evidence of the company’s commitment to expanding its presence in the financial services sector and investing in companies that are well-positioned for growth in the future.

Provident Financial Services’ market capitalization exceeds $3 billion, making it an attractive target for Raymond James Financial Services Advisors and other investors. The company is a recognized leader in the banking industry, offering a variety of products and services to meet the needs of individuals, businesses and institutions. With this latest acquisition, Raymond James Financial Services Advisors is now poised to benefit from continued growth in the financial services sector, as Provident Financial Services works to expand its customer base and increase its market share in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for PFS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for PFS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for PFS. More…

Key Ratios Snapshot

Some of the financial key ratios for PFS are shown below. More…

Analysis – PFS Intrinsic Value Calculation

GoodWhale’s analysis of PROVIDENT FINANCIAL SERVICES reveals an intrinsic value of $23.1 per share, calculated using our proprietary Valuation Line. This suggests that the current market price of $23.5 is slightly overvalued by 1.9%. At GoodWhale, we analyze the financials of a company and then compare it to the market capitalization to determine its intrinsic value. Our Valuation Line uses a range of metrics such as price to earnings, price to book value, return on equity and more to calculate the fair value of a stock. An investor looking to buy PROVIDENT FINANCIAL SERVICES should do their own research and note that the stock is currently overvalued by 1.9%. However, it is also important to keep in mind that all investments are subject to market risks and their own research should be conducted before making any investment decisions. Overall, GoodWhale’s analysis of PROVIDENT FINANCIAL SERVICES suggests that its current market price is slightly overvalued by 1.9%. However, due to the dynamic nature of markets and the specific investments being made, investors should conduct their own research before making any decisions. More…

Peers

In the current market, Provident Financial Services Inc is facing stiff competition from Peoples Bancorp of North Carolina Inc, NBT Bancorp Inc, and Blackhawk Bancorp Inc. All of these companies are vying for a share of the market, and each has its own strengths and weaknesses. Provident Financial Services Inc has a strong history and reputation, but it is up against two newer companies that have been able to grow rapidly. NBT Bancorp Inc has a large customer base, but Blackhawk Bancorp Inc has a more diversified product offering.

– Peoples Bancorp of North Carolina Inc ($NASDAQ:PEBK)

Peoples Bancorp of North Carolina, Inc. operates as the holding company for Peoples Bank that provides banking products and services to individuals and small to medium-sized businesses in the United States. It operates through two segments, Community Banking and Mortgage Banking. The Community Banking segment offers various banking products and services, including demand deposit accounts, time deposit accounts, NOW accounts, money market deposit accounts, certificates of deposit, consumer and commercial loans, and leasing services. This segment also provides automated teller machines, drive-in banking, Internet banking, and mobile banking services. The Mortgage Banking segment originates one-to-four family residential real estate loans, construction loans, and land loans. As of December 31, 2020, the company operated 36 full-service banking offices in 24 communities in central and western North Carolina; and one loan production office in Hickory, North Carolina. Peoples Bancorp of North Carolina, Inc. was founded in 1902 and is headquartered in Mount Airy, North Carolina.

– NBT Bancorp Inc ($NASDAQ:NBTB)

NBT Bancorp Inc. is a bank holding company that operates through its subsidiary, NBT Bank, N.A. They provide commercial banking, retail banking, and wealth management services to their customers. Their market cap as of 2022 is $2B.

– Blackhawk Bancorp Inc ($OTCPK:BHWB)

Blackhawk Bancorp Inc is a financial holding company that operates through its subsidiaries. It offers a range of banking services to businesses and individuals in the United States. The company’s market cap as of 2022 was $85.4 million. The company’s primary subsidiary is Blackhawk Bank, which provides a full range of banking services, including commercial and consumer lending, deposit gathering, and other services. Blackhawk Bancorp Inc also owns and operates Blackhawk Insurance Agency, Inc., a full-service insurance agency that offers a range of insurance products, including property and casualty, life, and health insurance.

Summary

Investing in Provident Financial Services, Inc. (PFS) has been a lucrative opportunity for those looking to diversify their portfolio. The company has recently been acquired by Raymond James Financial Services Advisors Inc., and the news sentiment has been largely positive. PFS offers a variety of financial services and products such as banking, loans, mortgages and insurance. They are also a leader in providing financial solutions to individuals and businesses. The company has a strong balance sheet, with a solid credit rating and a low debt-to-equity ratio.

Investing in PFS is ideal for those seeking a long-term, stable investment with potential for capital appreciation. The current share price is attractive for entry-level investors, and is likely to appreciate over time. PFS is a great option for those looking to diversify their portfolio or to begin investing in the financial services industry.