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Why Provident Financial is an Attractive Pick Right Now?
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Provident Financial Services, Inc (PFS - Free Report) appears to be an attractive investment option right now based on a solid earnings outlook. The company has been witnessing upward earnings estimate revisions of late, reflecting analysts’ optimism regarding its earnings growth potential.
The stock’s Zacks Consensus Estimate for current-year EPS has been revised 4.3% upward, over the past 60 days. As a result, the stock currently sports a Zacks Rank #1 (Strong Buy).
The company’s price performance also looks impressive. Its shares have rallied 9.3% over the past six months as against the industry’s decline of 7%.
What Makes the Stock an Attractive Pick?
Earnings Growth: Provident Financial recorded 7.3% earnings growth over the last three-five years. The momentum is likely to continue in the near term as well, as reflected by the company’s projected EPS growth rate of 5.5% and 2.3% for 2019 and 2020, respectively.
Also, the company’s long-term (three-five years) estimated EPS growth rate of 8% promises rewards for investors.
Revenue Growth: Provident Financial’s revenues witnessed a CAGR of 6.9% over the last five years (2014-2018). Further, the top line will likely be up 4% in 2019 and 4.4% in 2020.
Superior Return on Equity: Provident Financial has an ROE of 8.92%, which is better than the industry average of 8.75%. This shows that the company reinvests its cash more efficiently than peers.
Great Southern Bancorp Inc’s (GSBC - Free Report) shares have appreciated 9.4%, in the past year. At present, the stock flaunts a Zacks Rank of 1.
Banner Corporation’s (BANR - Free Report) shares have gained 2.6% in a year’s time. Currently, it sports a Zacks Rank of 1.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Why Provident Financial is an Attractive Pick Right Now?
Provident Financial Services, Inc (PFS - Free Report) appears to be an attractive investment option right now based on a solid earnings outlook. The company has been witnessing upward earnings estimate revisions of late, reflecting analysts’ optimism regarding its earnings growth potential.
The stock’s Zacks Consensus Estimate for current-year EPS has been revised 4.3% upward, over the past 60 days. As a result, the stock currently sports a Zacks Rank #1 (Strong Buy).
The company’s price performance also looks impressive. Its shares have rallied 9.3% over the past six months as against the industry’s decline of 7%.
What Makes the Stock an Attractive Pick?
Earnings Growth: Provident Financial recorded 7.3% earnings growth over the last three-five years. The momentum is likely to continue in the near term as well, as reflected by the company’s projected EPS growth rate of 5.5% and 2.3% for 2019 and 2020, respectively.
Also, the company’s long-term (three-five years) estimated EPS growth rate of 8% promises rewards for investors.
Revenue Growth: Provident Financial’s revenues witnessed a CAGR of 6.9% over the last five years (2014-2018). Further, the top line will likely be up 4% in 2019 and 4.4% in 2020.
Superior Return on Equity: Provident Financial has an ROE of 8.92%, which is better than the industry average of 8.75%. This shows that the company reinvests its cash more efficiently than peers.
Other Key Picks
Dime Community Bancshares Inc’s (DCOM - Free Report) shares have gained 6%, over the past year. The stock currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Great Southern Bancorp Inc’s (GSBC - Free Report) shares have appreciated 9.4%, in the past year. At present, the stock flaunts a Zacks Rank of 1.
Banner Corporation’s (BANR - Free Report) shares have gained 2.6% in a year’s time. Currently, it sports a Zacks Rank of 1.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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