Provident Financial Services (PFS) to Release Quarterly Earnings on Thursday

Provident Financial Services (NYSE:PFS - Get Free Report) is projected to post its Q2 2025 quarterly 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 analysts' consensus estimates of $0.47 by $0.03. Provident Financial Services had a return on equity of 6.38% and a net margin of 11.45%. The firm had revenue of $208.76 million for the quarter, compared to analysts' expectations of $206.86 million. During the same period in the prior year, the business earned $0.43 EPS. The company's revenue for the quarter was up 82.4% compared to the same quarter last year. 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

Provident Financial Services stock remained flat at $18.62 during trading on Friday. The company had a trading volume of 717,004 shares, compared to its average volume of 685,500. The firm has a 50 day simple moving average of $17.39 and a 200 day simple moving average of $17.46. Provident Financial Services has a 1-year low of $14.34 and a 1-year high of $22.24. The company has a market capitalization of $2.43 billion, a P/E ratio of 16.77 and a beta of 0.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03.

Provident Financial Services Dividend Announcement

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 (DPR) is presently 86.49%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PFS. Keefe, Bruyette & Woods lowered their price objective on shares of Provident Financial Services from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James Financial began coverage on shares of Provident Financial Services in a research note on Thursday, June 26th. They set a "strong-buy" rating and a $21.00 target price for the company. 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 data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $23.60.

Insiders Place Their Bets

In other Provident Financial Services news, Chairman Christopher P. Martin sold 55,668 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $17.07, for a total value of $950,252.76. Following the sale, the chairman directly owned 601,050 shares of the company's stock, valued at approximately $10,259,923.50. This represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in Provident Financial Services by 247.5% during the first quarter. Jane Street Group LLC now owns 312,478 shares of the savings and loans company's stock worth $5,365,000 after purchasing an additional 222,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Provident Financial Services by 6.3% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Provident Financial Services by 4.6% in 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. Intech Investment Management LLC raised its stake in shares of Provident Financial Services by 45.6% in 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 buying an additional 22,961 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Provident Financial Services by 23.9% in the 1st quarter. Royal Bank of Canada now owns 44,106 shares of the savings and loans company's stock worth $758,000 after purchasing an additional 8,507 shares during the last quarter. Hedge funds and other institutional investors own 71.97% of the company's stock.

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.