Provident Financial Services (NYSE:PFS – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Provident Financial Services (NYSE:PFS – Get Free Report) last announced its earnings results on Thursday, July 27th. The savings and loans company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $118.49 million for the quarter, compared to the consensus estimate of $124.55 million. Provident Financial Services had a return on equity of 10.36% and a net margin of 25.76%. On average, analysts expect Provident Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Provident Financial Services Trading Down 2.4 %
Shares of PFS stock opened at $14.45 on Thursday. Provident Financial Services has a 1-year low of $14.40 and a 1-year high of $24.58. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 6.54 and a beta of 0.99. The stock has a 50-day moving average of $15.91 and a 200-day moving average of $16.80.
Provident Financial Services Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. StockNews.com began coverage on shares of Provident Financial Services in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Royal Bank of Canada decreased their price target on Provident Financial Services from $22.00 to $19.00 in a report on Tuesday, October 10th. Finally, Piper Sandler raised Provident Financial Services from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Tuesday, August 22nd.
View Our Latest Research Report on Provident Financial Services
Insider Buying and Selling at Provident Financial Services
In related news, EVP Walter Sierotko acquired 6,300 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $15.66 per share, with a total value of $98,658.00. Following the transaction, the executive vice president now directly owns 14,100 shares of the company’s stock, valued at $220,806. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.29% of the company’s stock.
Hedge Funds Weigh In On Provident Financial Services
A number of large investors have recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in Provident Financial Services by 132.8% during the third quarter. Federated Hermes Inc. now owns 1,867 shares of the savings and loans company’s stock worth $36,000 after buying an additional 1,065 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Provident Financial Services by 35.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,785 shares of the savings and loans company’s stock worth $42,000 after acquiring an additional 470 shares during the last quarter. Point72 Middle East FZE bought a new position in Provident Financial Services in the 4th quarter valued at about $43,000. First Manhattan Co. boosted its stake in Provident Financial Services by 106.8% during the 4th quarter. First Manhattan Co. now owns 2,130 shares of the savings and loans company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the last quarter. Finally, FMR LLC increased its holdings in Provident Financial Services by 48.7% during the 2nd quarter. FMR LLC now owns 4,016 shares of the savings and loans company’s stock worth $90,000 after purchasing an additional 1,315 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.
Provident Financial Services Company Profile
Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.
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