Q2 Earnings Estimate for PFS Issued By DA Davidson

Provident Financial Services, Inc. (NYSE:PFS - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of Provident Financial Services in a report issued on Tuesday, April 29th. DA Davidson analyst M. Navas expects that the savings and loans company will post earnings per share of $0.48 for the quarter. The consensus estimate for Provident Financial Services' current full-year earnings is $2.14 per share. DA Davidson also issued estimates for Provident Financial Services' FY2026 earnings at $2.35 EPS.

Provident Financial Services (NYSE:PFS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The company had revenue of $208.76 million during the quarter, compared to the consensus estimate of $206.86 million. Provident Financial Services had a return on equity of 5.60% and a net margin of 10.13%. The company's quarterly revenue was up 82.4% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS.

A number of other research firms have also recently weighed in on PFS. StockNews.com raised shares of Provident Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. Royal Bank of Canada decreased their price target on Provident Financial Services from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their price objective on Provident Financial Services from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.25.

Provident Financial Services Stock Performance

PFS traded up $0.03 during trading on Wednesday, reaching $17.12. 101,067 shares of the company's stock were exchanged, compared to its average volume of 841,352. Provident Financial Services has a fifty-two week low of $13.07 and a fifty-two week high of $22.24. The company has a market capitalization of $2.23 billion, a P/E ratio of 16.30 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $16.56 and a 200 day moving average price of $18.50.

Institutional Trading of Provident Financial Services

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Provident Financial Services by 447.3% during the 1st quarter. GAMMA Investing LLC now owns 1,505 shares of the savings and loans company's stock worth $26,000 after acquiring an additional 1,230 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Provident Financial Services in the 4th quarter worth approximately $46,000. Federated Hermes Inc. acquired a new position in Provident Financial Services during the 4th quarter worth $55,000. Byrne Asset Management LLC boosted its position in Provident Financial Services by 193.8% in the 1st quarter. Byrne Asset Management LLC now owns 2,938 shares of the savings and loans company's stock valued at $50,000 after buying an additional 1,938 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Provident Financial Services by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,968 shares of the savings and loans company's stock valued at $75,000 after buying an additional 3,530 shares during the period. Institutional investors own 71.97% of the company's stock.

Provident Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.96 annualized dividend and a yield of 5.61%. Provident Financial Services's payout ratio is 86.49%.

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.