Provident Finl Services saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 63 to 71.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Provident Finl Services can continue to show renewed price strength and hit that benchmark.
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While the stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper consolidation.
While revenue growth fell last quarter from 82% to 79%, earnings-per-share grew 3%, up from -5% in the previous report.
The company holds the No. 38 rank among its peers in the Banks-Northeast industry group. The Bancorp, Northeast Bank and NB Bancorp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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