Provident Financial Services (PFS) to Release Earnings on Thursday

Provident Financial Services (NYSE:PFS - Get Free Report) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $213.39 million for the quarter.

Provident Financial Services (NYSE:PFS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $208.76 million during the quarter, compared to analyst estimates of $206.86 million. Provident Financial Services had a return on equity of 6.38% and a net margin of 11.45%. Provident Financial Services's quarterly revenue was up 82.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. 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 Stock Performance

Shares of PFS remained flat at $18.62 during trading hours on Friday. The stock had a trading volume of 716,996 shares, compared to its average volume of 665,343. The company's 50-day moving average is $17.36 and its two-hundred day moving average is $17.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.43 billion, a PE ratio of 16.77 and a beta of 0.86. Provident Financial Services has a 12-month low of $14.34 and a 12-month high of $22.24.

Provident Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, May 16th. Provident Financial Services's dividend payout ratio is presently 86.49%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PFS. Raymond James Financial began coverage on Provident Financial Services in a research report on Thursday, June 26th. They issued a "strong-buy" rating and a $21.00 price target for the company. Keefe, Bruyette & Woods decreased their target price on Provident Financial Services from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Provident Financial Services currently has an average rating of "Buy" and an average target price of $23.60.

Insiders Place Their Bets

In other Provident Financial Services news, Chairman Christopher P. Martin sold 55,668 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $17.07, for a total transaction of $950,252.76. Following the completion of the sale, the chairman directly owned 601,050 shares in the company, valued at $10,259,923.50. The trade was a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On Provident Financial Services

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Provident Financial Services by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,926 shares of the savings and loans company's stock valued at $1,286,000 after purchasing an additional 3,277 shares during the period. Royal Bank of Canada grew its stake in shares of Provident Financial Services by 23.9% during the 1st quarter. Royal Bank of Canada now owns 44,106 shares of the savings and loans company's stock valued at $758,000 after purchasing an additional 8,507 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Provident Financial Services by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 256,739 shares of the savings and loans company's stock valued at $4,408,000 after purchasing an additional 15,112 shares during the period. Intech Investment Management LLC grew its stake in shares of Provident Financial Services by 45.6% during the 1st quarter. Intech Investment Management LLC now owns 73,261 shares of the savings and loans company's stock valued at $1,258,000 after acquiring an additional 22,961 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Provident Financial Services by 247.5% during the 1st quarter. Jane Street Group LLC now owns 312,478 shares of the savings and loans company's stock valued at $5,365,000 after acquiring an additional 222,549 shares during the period. 71.97% 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.