(ASBN) (OTCMKTS:ASBN) and Provident Financial Services (NYSE:PFS) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, earnings, risk, dividends, valuation, analyst recommendations and profitability.
This is a breakdown of recent recommendations for (ASBN) and Provident Financial Services, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Provident Financial Services||0||2||2||0||2.50|
Provident Financial Services has a consensus price target of $15.00, suggesting a potential upside of 15.30%. Given Provident Financial Services’ higher possible upside, analysts clearly believe Provident Financial Services is more favorable than (ASBN).
Earnings and Valuation
This table compares (ASBN) and Provident Financial Services’ revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Provident Financial Services||$435.26 million||1.97||$112.63 million||$1.74||7.48|
Provident Financial Services has higher revenue and earnings than (ASBN).
Institutional & Insider Ownership
66.6% of Provident Financial Services shares are owned by institutional investors. 27.0% of (ASBN) shares are owned by insiders. Comparatively, 3.4% of Provident Financial Services shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
This table compares (ASBN) and Provident Financial Services’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Provident Financial Services||20.60%||6.15%||0.86%|
Provident Financial Services beats (ASBN) on 7 of the 8 factors compared between the two stocks.
ASB FINANCIAL CORP-OH is a unitary savings and loan holding company which owns all of the issued and outstanding common shares of American Savings Bank. American is principally engaged in the business of originating real estate loans secured by first mortgages on one- to four-family residential real estate. American also makes loans secured by multifamily real estate (over four units) and nonresidential real estate and secured and unsecured consumer loans.
About Provident Financial Services
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2019, it operated 83 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
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