Q3 Earnings Forecast for PFS Issued By DA Davidson

Key Points

• DA Davidson issued a Q3 2025 earnings estimate for Provident Financial Services, projecting earnings of $0.55 per share and a target price of $24.00, maintaining a "Buy" rating.
• Provident Financial Services announced a quarterly dividend of $0.24 per share, offering a 5.06% yield to shareholders.
• The stock has a current market capitalization of $2.48 billion, with a recent trading price of $18.98, reflecting a 1.6% decrease.

Provident Financial Services, Inc (NYSE:PFS - Free Report) - Equities research analysts at DA Davidson issued their Q3 2025 EPS estimates for shares of Provident Financial Services in a note issued to investors on Tuesday, July 29th. DA Davidson analyst M. Navas forecasts that the savings and loans company will post earnings of $0.55 per share for the quarter. DA Davidson currently has a "Buy" rating and a $24.00 target price on the stock. The consensus estimate for Provident Financial Services' current full-year earnings is $2.14 per share.

Provident Financial Services (NYSE:PFS - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $214.17 million for the quarter, compared to analyst estimates of $213.39 million. Provident Financial Services had a net margin of 16.97% and a return on equity of 8.80%. During the same period in the previous year, the firm posted ($0.11) EPS.

PFS has been the topic of several other reports. Raymond James Financial began coverage on shares of Provident Financial Services in a report on Thursday, June 26th. They set a "strong-buy" rating and a $21.00 price target on the stock. Hovde Group boosted their target price on shares of Provident Financial Services from $22.50 to $23.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Provident Financial Services from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $22.70.

Provident Financial Services Price Performance

Shares of Provident Financial Services stock traded down $0.22 during midday trading on Wednesday, hitting $18.00. 722,850 shares of the company traded hands, compared to its average volume of 603,399. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 10.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm's fifty day moving average price is $17.62 and its 200-day moving average price is $17.46. Provident Financial Services has a 12 month low of $14.34 and a 12 month high of $22.24.

Provident Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.24 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.3%. Provident Financial Services's dividend payout ratio is presently 54.24%.

Insider Activity

In other news, Chairman Christopher P. Martin sold 55,668 shares of the company's stock in a transaction 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 completion of the sale, the chairman owned 601,050 shares in the company, valued at $10,259,923.50. This represents a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Provident Financial Services

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased 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 period. Aquatic Capital Management LLC bought a new stake in Provident Financial Services during the 4th quarter worth approximately $46,000. Byrne Asset Management LLC increased its holdings in Provident Financial Services by 193.8% during the 1st quarter. Byrne Asset Management LLC now owns 2,938 shares of the savings and loans company's stock worth $50,000 after acquiring an additional 1,938 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Provident Financial Services by 30.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,893 shares of the savings and loans company's stock worth $50,000 after acquiring an additional 667 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of Provident Financial Services in the 2nd quarter worth $51,000. 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.