NYSE:PFS - Provident Financial Services Stock Price, News, & Analysis

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$24.73 -0.27 (-1.08 %)
(As of 05/22/2019 03:01 PM ET)
Previous Close$25.00
Today's Range$24.60 - $24.94
52-Week Range$22.22 - $29.12
Volume54,795 shs
Average Volume181,687 shs
Market Capitalization$1.65 billion
P/E Ratio13.59
Dividend Yield3.68%
Beta0.55
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA, and KEOGH products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides trust and estate administration services; and asset management services comprising investment management, asset allocation, trust and estate administration, financial planning, tax compliance and planning, and family office services to individuals, municipalities, non-profits, corporations, and pension funds. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2018, it operated 84 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

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Industry, Sector and Symbol

Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
CUSIP74386T10
Phone732-590-9200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$418.51 million
Cash Flow$1.5782 per share
Book Value$20.58 per share

Profitability

Net Income$118.39 million

Miscellaneous

Employees1,044
Market Cap$1.65 billion
Next Earnings Date7/26/2019 (Estimated)
OptionableOptionable

Provident Financial Services (NYSE:PFS) Frequently Asked Questions

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 announced a quarterly dividend on Monday, April 29th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.23 per share on Friday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Tuesday, May 14th. View Provident Financial Services' Dividend History.

How were Provident Financial Services' earnings last quarter?

Provident Financial Services, Inc. (NYSE:PFS) posted its earnings results on Friday, April, 26th. The savings and loans company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.02. The savings and loans company earned $87.20 million during the quarter, compared to the consensus estimate of $90.53 million. Provident Financial Services had a return on equity of 9.03% and a net margin of 28.66%. During the same quarter in the prior year, the business posted $0.43 EPS. View Provident Financial Services' Earnings History.

When is Provident Financial Services' next earnings date?

Provident Financial Services is scheduled to release their next quarterly earnings announcement on Friday, July 26th 2019. View Earnings Estimates for Provident Financial Services.

What price target have analysts set for PFS?

3 brokers have issued 12 month price objectives for Provident Financial Services' shares. Their predictions range from $25.50 to $26.00. On average, they anticipate Provident Financial Services' stock price to reach $25.75 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Provident Financial Services.

What is the consensus analysts' recommendation for Provident Financial Services?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Provident Financial Services.

What are Wall Street analysts saying about Provident Financial Services stock?

Here are some recent quotes from research analysts about Provident Financial Services stock:
  • 1. According to Zacks Investment Research, "Provident Financial Services, Inc. is the holding company of The Provident Bank, a community- and customer-oriented banking company. The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of individuals, families and businesses in northern and central New Jersey. The bank offers a broad array of deposit, loan, trust and investment products. In keeping with its Customer-Centric Strategy. " (5/18/2019)
  • 2. Boenning Scattergood analysts commented, "We remain Neutral on shares of PFS following 1Q19 results. We expect future loan growth in the low-single-digit range, slower than some peers, due to a combination of competitive markets, elevated borrower paydown activity, and strict underwriting criteria. Another issue facing Provident today is the upcoming crossing of the $10 billion regulatory threshold. While recent FinReg reform could soften the impact relative to prior expectations, the Durbin Amendment is still likely to have a negative impact on interchange revenue, though is likely a 2020 event. Shares of Provident currently trade above peers at 14.2x our 2019 EPS estimate (11.7x peer average) and 1.9x TBV (1.5x peer average). Thus, as we weigh the strengths and challenges facing the company today, we view the stock as fairly valued." (4/26/2019)

Has Provident Financial Services been receiving favorable news coverage?

Media coverage about PFS stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Provident Financial Services earned a coverage optimism score of 0.6 on InfoTrie's scale. They also gave news coverage about the savings and loans company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near term.

Who are some of Provident Financial Services' key competitors?

What other stocks do shareholders of Provident Financial Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Provident Financial Services investors own include Bristol-Myers Squibb (BMY), Alibaba Group (BABA), Geron (GERN), Immunomedics (IMMU), Valeant Pharmaceuticals Intl (VRX), United Parcel Service (UPS), Provident Financial (PFG), Clearside Biomedical (CLSD), Ekso Bionics (EKSO) and JD.Com (JD).

Who are Provident Financial Services' key executives?

Provident Financial Services' management team includes the folowing people:
  • Mr. Christopher P. Martin, Chairman, Pres & CEO (Age 63)
  • Mr. Thomas M. Lyons CPA, Sr. EVP & CFO (Age 55)
  • Mr. John F. Kuntz Esq., Sr. EVP, Gen. Counsel & Corp. Sec. (Age 64)
  • Mr. Donald W. Blum, Exec. VP & Chief Lending Officer of the Provident Bank (Age 63)
  • Ms. Valerie O. Murray CFP, Exec. VP & Chief Wealth Management Officer of Provident Bank (Age 44)

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.94%), Dimensional Fund Advisors LP (8.13%), Northern Trust Corp (3.62%), Goldman Sachs Group Inc. (2.92%), Renaissance Technologies LLC (2.07%) and The Manufacturers Life Insurance Company (1.32%). Company insiders that own Provident Financial Services stock include Brian Giovinazzi, Carlos Hernandez, Donald W Blum, Edward Odonnell, Frank L Fekete, James P Dunigan, Laura L Brooks and Matthew K Harding. View Institutional Ownership Trends for Provident Financial Services.

Which institutional investors are selling Provident Financial Services stock?

PFS stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Dimensional Fund Advisors LP, Morgan Stanley, JPMorgan Chase & Co., BlackRock Inc., Keeley Teton Advisors LLC, Strs Ohio and The Manufacturers Life Insurance Company . Company insiders that have sold Provident Financial Services company stock in the last year include Brian Giovinazzi, Carlos Hernandez and Frank L Fekete. View Insider Buying and Selling for Provident Financial Services.

Which institutional investors are buying Provident Financial Services stock?

PFS stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Martingale Asset Management L P, 361 Capital LLC, Robeco Institutional Asset Management B.V., Goldman Sachs Group Inc., Parametric Portfolio Associates LLC, Commonwealth Equity Services LLC and Oxford Asset Management LLP. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan and Matthew K Harding. View Insider Buying and Selling for Provident Financial Services.

How do I buy shares of Provident Financial Services?

Shares of PFS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Provident Financial Services' stock price today?

One share of PFS stock can currently be purchased for approximately $24.73.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.65 billion and generates $418.51 million in revenue each year. The savings and loans company earns $118.39 million in net income (profit) each year or $1.82 on an earnings per share basis. Provident Financial Services employs 1,044 workers across the globe.

What is Provident Financial Services' official website?

The official website for Provident Financial Services is http://www.provident.bank/.

How can I contact Provident Financial Services?

Provident Financial Services' mailing address is 239 Washington Street, JERSEY CITY NJ, 07302. The savings and loans company can be reached via phone at 732-590-9200 or via email at [email protected]


MarketBeat Community Rating for Provident Financial Services (NYSE PFS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  249 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  535
MarketBeat's community ratings are surveys of what our community members think about Provident Financial Services and other stocks. Vote "Outperform" if you believe PFS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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