Provident Financial Services is a holding company. Through its subsidiary, Provident Bank (the Bank), Co. accepts deposits from the public and businesses primarily in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, commercial business loans, residential mortgage loans, and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. Co.'s deposit products include savings accounts, checking accounts, interest-bearing checking accounts, money market deposit accounts and certificate of deposit accounts. We show 53 historical shares outstanding datapoints in our PFS shares outstanding history coverage, used to compute PFS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PFS market cap history over the course of time is important for investors
interested in comparing PFS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PFS versus a peer is one thing; comparing
PFS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PFS can fluctuate over the course of history.
With this page we aim to empower investors researching PFS by allowing them to research the PFS market cap history. |
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Video: The Importance of Market Cap
