About Provident Financial Services (NYSE:PFS)
Provident Financial Services Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas. The Bank attracts deposits from the general public and businesses in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. It operates service branch offices in the New Jersey counties of Hudson, Bergen, Essex, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, as well as in Bucks, Lehigh and Northampton counties in Pennsylvania.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NYSE:PFS
- CUSIP: 74386T10
- Web: www.providentnj.com
- Market Cap: $1.82139 billion
- Outstanding Shares: 64,357,000
- 50 Day Moving Avg: $26.11
- 200 Day Moving Avg: $25.34
- 52 Week Range: $21.40 - $28.92
Sales & Book Value:
- Trailing P/E Ratio: 18.90
- Foreward P/E Ratio: 17.24
- P/E Growth: 1.84
- Annual Revenue: $318.11 million
- Price / Sales: 5.55
- Book Value: $19.94 per share
- Price / Book: 1.37
- Annual Dividend: $0.80
- Dividend Yield: 2.9%
- Net Margins: 25.39%
- Return on Equity: 7.40%
- Return on Assets: 0.98%
- Debt-to-Equity Ratio: 1.33%
- Current Ratio: 1.10%
- Quick Ratio: 1.10%
- Average Volume: 159,665 shs.
- Beta: 1.01
- Short Ratio: 2.42
Frequently Asked Questions for Provident Financial Services (NYSE:PFS)
What is Provident Financial Services' stock symbol?
Provident Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFS."
How often does Provident Financial Services pay dividends? What is the dividend yield for Provident Financial Services?
Provident Financial Services declared a quarterly dividend on Friday, July 28th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.20 per share on Thursday, August 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from Provident Financial Services's previous quarterly dividend of $0.19. View Provident Financial Services' Dividend History.
How were Provident Financial Services' earnings last quarter?
Provident Financial Services, Inc (NYSE:PFS) announced its quarterly earnings data on Friday, July, 28th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $83.87 million for the quarter, compared to the consensus estimate of $81.24 million. Provident Financial Services had a net margin of 25.39% and a return on equity of 7.40%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. View Provident Financial Services' Earnings History.
When will Provident Financial Services make its next earnings announcement?
Where is Provident Financial Services' stock going? Where will Provident Financial Services' stock price be in 2017?
5 equities research analysts have issued 12 month price objectives for Provident Financial Services' stock. Their forecasts range from $25.00 to $30.00. On average, they anticipate Provident Financial Services' stock price to reach $26.88 in the next year. View Analyst Ratings for Provident Financial Services.
Who are some of Provident Financial Services' key competitors?
Some companies that are related to Provident Financial Services include Bank of Hawaii Corporation (BOH), Sterling Bancorp (STL), Fulton Financial Corporation (FULT), First Financial Bankshares (FFIN), Columbia Banking System (COLB), Hope Bancorp (HOPE), Great Western Bancorp (GWB), Eagle Bancorp (EGBN), Trustmark Corp (TRMK), ServisFirst Bancshares (SFBS), United Community Banks (UCBI), FCB Financial Holdings (FCB), Independent Bank Corp. (INDB), Bank of N.T. Butterfield & Son Limited (The) (NTB), Independent Bank Group (IBTX), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF) and S&T Bancorp (STBA).
Who are Provident Financial Services' key executives?
Provident Financial Services' management team includes the folowing people:
- Christopher P. Martin, Chairman of the Board, President, Chief Executive Officer
- Thomas M. Lyons CPA, Chief Financial Officer, Executive Vice President of the Company and Provident Bank
- John F. Kuntz Esq., Executive Vice President, General Counsel, Corporate Secretary of the Company; EVP, CAO, General Counsel of the Bank
- Brian Giovinazzi, Executive Vice President and Chief Credit Officer of the Bank
- Valerie O. Murray, President- Beacon Trust , Senior Vice President and Chief Wealth Management Officer of Provident Bank
- Donald W. Blum, Executive Vice President and Chief Lending Officer of the Bank
- James A. Christy, Senior Vice President, Chief Risk Officer of The Provident Bank
- Janet D. Krasowski, Executive Vice President, Chief Human Resources Officer of the Bank
- Frank S. Muzio CPA, Senior Vice President, Chief Accounting Officer of the Bank
- Michael A. Raimonde, Executive Vice President, Director - Retail Banking of the Bank
Who owns Provident Financial Services stock?
Provident Financial Services' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.11%) and Kistler Tiffany Companies LLC (0.10%). Company insiders that own Provident Financial Services stock include Carlos Hernandez, Christopher P Martin, Donald W Blum, Edward Odonnell, Frank L Fekete, Jack Novielli, James A Christy, James D Nesci, Janet D Krasowski, John F Kuntz, Michael A Raimonde, Thomas M Lyons and Thomas W Berry. View Institutional Ownership Trends for Provident Financial Services.
Who bought Provident Financial Services stock? Who is buying Provident Financial Services stock?
How do I buy Provident Financial Services stock?
Shares of Provident Financial Services can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Provident Financial Services' stock price today?
MarketBeat Community Rating for Provident Financial Services (NYSE PFS)MarketBeat's community ratings are surveys of what our community members think about Provident Financial Services and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Provident Financial Services stock can currently be purchased for approximately $27.41.
Consensus Ratings for Provident Financial Services (NYSE:PFS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.40)|
|Consensus Price Target: ||$26.88 (1.95% downside)|Consensus Price Target History for Provident Financial Services (NYSE:PFS)
Analysts' Ratings History for Provident Financial Services (NYSE:PFS)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/8/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$30.00||Medium|
|9/1/2017||DA Davidson||Initiated Coverage||Neutral||$25.00||Low|
|7/14/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$25.50||Low|
|6/29/2017||Sandler O'Neill||Upgrade||Hold -> Buy||High|
|4/28/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$27.00||Low|
|12/3/2015||Drexel Hamilton||Reiterated Rating||Buy||$21.00 -> $20.00||N/A|
Earnings History for Provident Financial Services (NYSE:PFS)Earnings History by Quarter for Provident Financial Services (NYSE PFS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2017||Q2 2017||$0.36||$0.38||$81.24 million||$83.87 million||View||N/A|
|4/28/2017||Q1 2017||$0.36||$0.37||$80.78 million||$79.50 million||View||N/A|
|1/27/2017||Q416||$0.36||$0.35||$82.47 million||$81.10 million||View||N/A|
|10/28/2016||Q316||$0.35||$0.36||$79.32 million||$79.04 million||View||Listen|
|7/29/2016||Q216||$0.34||$0.34||$70.14 million||$77.73 million||View||Listen|
|4/29/2016||Q116||$0.34||$0.33||$65.66 million||$76.00 million||View||Listen|
|1/29/2016||Q4||$0.33||$0.34||$76.18 million||$79.60 million||View||Listen|
|10/30/2015||Q315||$0.35||$0.33||$92.88 million||$74.66 million||View||Listen|
|7/31/2015||Q215||$0.33||$0.35||$62.21 million||$78.62 million||View||Listen|
|4/24/2015||Q115||$0.33||$0.32||$62.64 million||$72.20 million||View||N/A|
|1/30/2015||Q414||$0.34||$0.34||$73.71 million||$74.72 million||View||N/A|
|10/29/2014||Q314||$0.32||$0.34||$72.17 million||$74.28 million||View||N/A|
|7/25/2014||Q214||$0.31||$0.31||$68.22 million||$67.73 million||View||N/A|
|4/25/2014||Q114||$0.30||$0.30||$64.83 million||$63.32 million||View||N/A|
|7/26/2013||Q2 2013||$0.29||$0.34||$53.77 million||View||N/A|
|4/26/2013||Q1 2013||$0.28||$0.31||$53.96 million||View||N/A|
|2/1/2013||Q4 2012||$0.27||$0.29||$63.51 million||View||N/A|
Earnings Estimates for Provident Financial Services (NYSE:PFS)
2017 EPS Consensus Estimate: $1.47
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Provident Financial Services (NYSE:PFS)
|Most Recent Dividend:||8/31/2017|
|Dividend Growth:||8.20% (3 Year Average)|
|Payout Ratio:||54.79% (Trailing 12 Months of Earnings) |
53.69% (Based on This Year's Estimates)
50.31% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Provident Financial Services (NYSE PFS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Provident Financial Services (NYSE:PFS)
Insider Ownership Percentage: 2.90%Insider Trades by Quarter for Provident Financial Services (NYSE:PFS)
Institutional Ownership Percentage: 61.23%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/12/2017||Carlos Hernandez||Director||Sell||2,650||$24.56||$65,084.00|| |
|2/7/2017||James D Nesci||EVP||Sell||26,598||$26.03||$692,345.94|| |
|2/1/2017||Frank L Fekete||Director||Sell||5,871||$26.50||$155,581.50|| |
|1/31/2017||Michael A Raimonde||EVP||Sell||20,120||$26.50||$533,180.00|| |
|9/2/2016||John F Kuntz||EVP||Sell||10,698||$21.54||$230,434.92|| |
|8/31/2016||Donald W Blum||EVP||Sell||14,040||$21.49||$301,719.60|| |
|8/30/2016||Jack Novielli||EVP||Sell||15,593||$21.48||$334,937.64|| |
|8/29/2016||Christopher P Martin||Chairman||Sell||27,267||$21.31||$581,059.77|| |
|8/24/2016||James A Christy||SVP||Sell||65||$20.96||$1,362.40|| |
|8/23/2016||James A Christy||SVP||Sell||10,688||$21.03||$224,768.64|| |
|8/11/2016||Frank L Fekete||Director||Sell||4,559||$20.42||$93,094.78|| |
|8/5/2016||Donald W Blum||EVP||Sell||10,000||$20.68||$206,800.00|| |
|8/2/2016||John F Kuntz||EVP||Sell||10,000||$20.09||$200,900.00|| |
|6/1/2016||Carlos Hernandez||Director||Sell||3,200||$20.34||$65,088.00|| |
|5/24/2016||Janet D Krasowski||EVP||Sell||10,000||$20.00||$200,000.00|| |
|5/5/2016||Frank L Fekete||Director||Sell||3,000||$19.69||$59,070.00|| |
|5/3/2016||Michael A Raimonde||EVP||Sell||29,557||$19.68||$581,681.76|| |
|3/4/2016||Donald W Blum||EVP||Sell||10,000||$19.33||$193,300.00|| |
|3/3/2016||Janet D Krasowski||EVP||Sell||1,925||$19.17||$36,902.25|| |
|3/2/2016||John F Kuntz||EVP||Sell||10,000||$18.84||$188,400.00|| |
|2/22/2016||Edward Odonnell||Director||Sell||2,000||$18.80||$37,600.00|| |
|2/22/2016||Thomas M Lyons||CFO||Sell||10,000||$18.80||$188,000.00|| |
|12/10/2015||Thomas W. Berry||Director||Sell||14,000||$20.00||$280,000.00|| |
|12/7/2015||Frank L. Fekete||Director||Sell||4,000||$20.60||$82,400.00|| |
|12/3/2015||Michael A. Raimonde||EVP||Sell||20,741||$20.73||$429,960.93|| |
|11/25/2015||Janet D. Krasowski||EVP||Sell||7,000||$20.74||$145,180.00|| |
|11/23/2015||James A. Christy||SVP||Sell||5,000||$20.70||$103,500.00|| |
|11/18/2015||Jack Novielli||EVP||Sell||3,000||$20.51||$61,530.00|| |
|11/10/2015||Janet D. Krasowski||EVP||Sell||7,000||$20.70||$144,900.00|| |
|9/9/2015||Janet D. Krasowski||EVP||Sell||12,277||$19.16||$235,227.32|| |
|6/10/2015||Jack Novielli||EVP||Sell||10,310||$18.85||$194,343.50|| |
|6/10/2015||James A Christy||SVP||Sell||5,000||$18.85||$94,250.00|| |
|6/8/2015||Jack Novielli||EVP||Sell||10,623||$18.42||$195,675.66|| |
|6/3/2015||Thomas M Lyons||CFO||Sell||10,000||$18.43||$184,300.00|| |
|5/27/2015||Matthew K Harding||Director||Buy||1,000||$18.10||$18,100.00|| |
|5/15/2015||John Pugliese||Director||Buy||1,000||$18.00||$18,000.00|| |
|3/12/2015||Thomas W Berry||Director||Buy||1,000||$18.38||$18,380.00|| |
|3/10/2015||James D Nesci||EVP||Sell||6,976||$18.15||$126,614.40|| |
|8/26/2014||Frank L Fekete||Director||Sell||6,000||$17.14||$102,840.00|| |
|8/5/2014||Thomas W Berry||Director||Buy||1,000||$16.64||$16,640.00|| |
|6/5/2014||Carlos Hernandez||Director||Sell||6,825||$17.85||$121,826.25|| |
|3/6/2014||Edward Odonnell||Director||Sell||17,000||$18.98||$322,660.00|| |
|2/7/2014||Thomas Berry||Director||Buy||1,000||$16.62||$16,620.00|| |
|9/13/2013||James Christy||SVP||Sell||5,000||$16.30||$81,500.00|| |
|9/12/2013||Thomas Berry||Director||Buy||1,000||$16.33||$16,330.00|| |
|8/29/2013||Frank Fekete||Director||Sell||2,000||$16.52||$33,040.00|| |
|6/13/2013||Thomas W Berry||Director||Buy||1,000||$14.94||$14,940.00|| |
|5/30/2013||Frank L Fekete||Director||Sell||12,000||$15.50||$186,000.00|| |
|5/21/2013||Jack Novielli||EVP||Sell||12,335||$15.65||$193,042.75|| |
|2/27/2013||Thomas W Berry||Director||Buy||1,000||$14.74||$14,740.00|| |
|2/26/2013||Matthew K Harding||Director||Buy||1,000||$14.84||$14,840.00|| |
|12/4/2012||Thomas W Berry||Director||Buy||1,000||$14.26||$14,260.00|| |
|9/7/2012||Thomas W Berry||Director||Buy||1,000||$15.82||$15,820.00|| |
Headline Trends for Provident Financial Services (NYSE:PFS)
Latest Headlines for Provident Financial Services (NYSE:PFS)
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Provident Financial Services (PFS) Chart for Monday, October, 23, 2017