Provident Financial Services, Inc.
Provident Financial Services, Inc. (NYSE: PFS) is trading at $22.84, about ₹2,191 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.75% today. Indian residents can buy Provident Financial Services from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$22.76
Today's high
$22.99
52 week low
$17.69
52 week high
$25.49
PFS opened at $22.79, closed previously at $22.67, and has traded between $17.69 and $25.49 over the past 52 weeks.
About
Provident Financial Services, Inc. functions as the parent company for Provident Bank, delivering a broad spectrum of financial products and services to individuals, families, and businesses across the United States. Its deposit offerings encompass various account types, including savings, standard and interest-bearing checking accounts, money market accounts, certificates of deposit, and IRA products. The company's extensive loan portfolio features commercial real estate loans, which are collateralized by properties such as multi-family apartment complexes, office buildings, retail spaces, and industrial sites. It also provides commercial business loans, alongside fixed-rate and adjustable-rate mortgage loans secured by one-to-four family residential properties. Further loan options include commercial construction loans and a range of consumer loans like home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and financing for automobiles and recreational vehicles. Beyond these, Provident delivers essential banking solutions such as cash management, remote deposit capture, payroll origination, escrow account management, and convenient online and mobile banking services, in addition to offering business credit cards. The company also extends wealth management services, covering investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. In a broader capacity, Provident sells insurance and investment products, including annuities. It also operates as a real estate investment trust (REIT), focused on acquiring mortgage loans and other real estate-related assets, and actively manages and sells properties obtained through foreclosure. As of December 31, 2021, the company maintained 96 full-service branch offices situated across northern and central New Jersey, as well as specific counties in Pennsylvania and New York. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.
Key statistics
Avg. volume
951.35K
Market cap
$2.98B
P/E Ratio
9.52
Price-to-sales ratio
2.16
Enterprise value
$7.54B
Free cash flow yield
12.18%
Debt-to-equity ratio
1.65
Return on equity
11.00%
ROIC
4.48%
Beta
0.77
Dividend yield
4.20%
Last dividend
$0.96
Financial overview
Revenue
$1.38B
Earnings per share
$2.23
Free cash flow
$430.73M
Net profit margin
22.66%
Gross margin
63.16%
EBITDA
$473.67M
Revenue growth
21.25%
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This is not an investment recommendation
How to buy Provident Financial Services from India
Indian residents can buy Provident Financial Services shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Provident Financial Services and place an order
Find Provident Financial Services by name or by its ticker, PFS, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Provident Financial Services trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Provident Financial Services position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Provident Financial Services from India
Trading and taxes when buying Provident Financial Services from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Provident Financial Services’ current yield is 4.20%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Provident Financial Services stock?
Yes. Provident Financial Services (PFS) has been listed on the New York Stock Exchange since 2003, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Provident Financial Services share cost in rupees?
One Provident Financial Services share is $22.84 — about ₹2,191 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Provident Financial Services price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Provident Financial Services from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Provident Financial Services?
Yes. One Provident Financial Services share is $22.84, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Provident Financial Services.
How are gains on Provident Financial Services shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Provident Financial Services price. Paasa issues a capital-gains statement for your return.
Does Provident Financial Services pay a dividend, and how is it taxed in India?
Yes. Provident Financial Services pays a dividend and the current yield is 4.20%; the last declared dividend was $0.96 per share, about ₹92.08. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Provident Financial Services from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Provident Financial Services shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Provident Financial Services shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Provident Financial Services holding, its cost and its closing value.
How do I sell Provident Financial Services and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.