Provident Financial Services Company Profile (NYSE:PFS)

About Provident Financial Services (NYSE:PFS)

Provident Financial Services logoProvident 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
Capitalization:
  • Market Cap: $1.82139 billion
  • Outstanding Shares: 64,357,000
Average Prices:
  • 50 Day Moving Avg: $26.11
  • 200 Day Moving Avg: $25.34
  • 52 Week Range: $21.40 - $28.92
P/E:
  • Trailing P/E Ratio: 18.90
  • Foreward P/E Ratio: 17.24
  • P/E Growth: 1.84
Sales & Book Value:
  • Annual Revenue: $318.11 million
  • Price / Sales: 5.55
  • Book Value: $19.94 per share
  • Price / Book: 1.37
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 2.9%
Profitability:
  • Net Margins: 25.39%
  • Return on Equity: 7.40%
  • Return on Assets: 0.98%
Debt:
  • Debt-to-Equity Ratio: 1.33%
  • Current Ratio: 1.10%
  • Quick Ratio: 1.10%
Misc:
  • 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?

Provident Financial Services is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for Provident Financial Services.

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?

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?

Provident Financial Services' stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Kistler Tiffany Companies LLC. View Insider Buying and Selling for Provident Financial Services.

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?

One share of Provident Financial Services stock can currently be purchased for approximately $27.41.


MarketBeat Community Rating for Provident Financial Services (NYSE PFS)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  108 (Vote Outperform)
Underperform Votes:  172 (Vote Underperform)
Total Votes:  280
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.

Analyst Ratings

Consensus Ratings for Provident Financial Services (NYSE:PFS) (How are Consensus Ratings Calculated?)
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)
Price Target History for Provident Financial Services (NYSE:PFS)
Analysts' Ratings History for Provident Financial Services (NYSE:PFS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/8/2017Royal Bank Of CanadaReiterated RatingBuy$30.00MediumView Rating Details
9/1/2017DA DavidsonInitiated CoverageNeutral$25.00LowView Rating Details
7/14/2017Piper Jaffray CompaniesReiterated RatingHold$25.50LowView Rating Details
6/29/2017Sandler O'NeillUpgradeHold -> BuyHighView Rating Details
4/28/2017Keefe, Bruyette & WoodsReiterated RatingHold$27.00LowView Rating Details
12/3/2015Drexel HamiltonReiterated RatingBuy$21.00 -> $20.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Provident Financial Services (NYSE:PFS)
Earnings by Quarter for Provident Financial Services (NYSE:PFS)
Earnings History by Quarter for Provident Financial Services (NYSE PFS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.37N/AView Earnings Details
7/28/2017Q2 2017$0.36$0.38$81.24 million$83.87 millionViewN/AView Earnings Details
4/28/2017Q1 2017$0.36$0.37$80.78 million$79.50 millionViewN/AView Earnings Details
1/27/2017Q416$0.36$0.35$82.47 million$81.10 millionViewN/AView Earnings Details
10/28/2016Q316$0.35$0.36$79.32 million$79.04 millionViewListenView Earnings Details
7/29/2016Q216$0.34$0.34$70.14 million$77.73 millionViewListenView Earnings Details
4/29/2016Q116$0.34$0.33$65.66 million$76.00 millionViewListenView Earnings Details
1/29/2016Q4$0.33$0.34$76.18 million$79.60 millionViewListenView Earnings Details
10/30/2015Q315$0.35$0.33$92.88 million$74.66 millionViewListenView Earnings Details
7/31/2015Q215$0.33$0.35$62.21 million$78.62 millionViewListenView Earnings Details
4/24/2015Q115$0.33$0.32$62.64 million$72.20 millionViewN/AView Earnings Details
1/30/2015Q414$0.34$0.34$73.71 million$74.72 millionViewN/AView Earnings Details
10/29/2014Q314$0.32$0.34$72.17 million$74.28 millionViewN/AView Earnings Details
7/25/2014Q214$0.31$0.31$68.22 million$67.73 millionViewN/AView Earnings Details
4/25/2014Q114$0.30$0.30$64.83 million$63.32 millionViewN/AView Earnings Details
1/30/2014Q413$0.31$0.30$54.12 millionViewN/AView Earnings Details
10/25/2013Q313$0.26$0.28$53.88 millionViewN/AView Earnings Details
7/26/2013Q2 2013$0.29$0.34$53.77 millionViewN/AView Earnings Details
4/26/2013Q1 2013$0.28$0.31$53.96 millionViewN/AView Earnings Details
2/1/2013Q4 2012$0.27$0.29$63.51 millionViewN/AView Earnings Details
10/26/2012Q312$0.28$0.28$54.44 millionViewN/AView Earnings Details
7/27/2012$0.28$0.28ViewN/AView Earnings Details
4/27/2012$0.27$0.32ViewN/AView Earnings Details
1/27/2012$0.27$0.26ViewN/AView Earnings Details
10/28/2011$0.27$0.27ViewN/AView Earnings Details
7/29/2011$0.25$0.25ViewN/AView Earnings Details
4/28/2011$0.24$0.24ViewN/AView Earnings Details
1/28/2011$0.24$0.21ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Provident Financial Services (NYSE:PFS)
2017 EPS Consensus Estimate: $1.47
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.36$0.36$0.36
Q2 20171$0.36$0.36$0.36
Q3 20171$0.37$0.37$0.37
Q4 20171$0.38$0.38$0.38
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Provident Financial Services (NYSE:PFS)
Most Recent Dividend:8/31/2017
Annual Dividend:$0.80
Dividend Yield:2.92%
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 Payments by Quarter for Provident Financial Services (NYSE:PFS)

Dividend History by Quarter for Provident Financial Services (NYSE PFS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2017Quarterly$0.203.02%8/11/20178/15/20178/31/2017
4/28/2017Quarterly$0.192.95%5/11/20175/15/20175/31/2017
1/27/2017quarterly$0.182.69%2/13/20172/15/20172/28/2017
10/31/2016Quarterly$0.1811/10/201611/15/201611/30/2016
7/29/2016Quarterly$0.188/11/20168/15/20168/31/2016
4/29/2016Quarterly$0.185/11/20165/13/20165/31/2016
1/29/2016Quarterly$0.172/10/20162/12/20162/26/2016
10/30/2015Quarterly$0.1711/10/201511/13/201511/27/2015
7/31/2015$0.168/12/20158/14/20158/28/2015
4/24/2015quarterly$0.163.54%5/13/20155/15/20155/29/2015
2/2/2015quarterly$0.163.59%2/11/20152/13/20152/27/2015
10/29/2014quarterly$0.1511/12/201411/14/201411/28/2014
7/25/2014quarterly$0.153.62%8/13/20148/15/20148/29/2014
4/25/2014quarterly$0.153.54%5/13/20145/15/20145/30/2014
1/31/2014quarterly$0.153.57%2/12/20142/14/20142/28/2014
10/25/2013quarterly$0.153.14%11/13/201311/15/201311/29/2013
7/29/2013quarterly$0.143.17%8/13/20138/15/20138/30/2013
4/25/2013quarterly$0.143.7%5/13/20135/15/20135/31/2013
2/1/2013quarterly$0.133.51%2/13/20132/15/20132/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Provident Financial Services (NYSE:PFS)
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 61.23%
Insider Trades by Quarter for Provident Financial Services (NYSE:PFS)
Institutional Ownership by Quarter for Provident Financial Services (NYSE:PFS)
Insider Trades by Quarter for Provident Financial Services (NYSE:PFS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/12/2017Carlos HernandezDirectorSell2,650$24.56$65,084.00View SEC Filing  
2/7/2017James D NesciEVPSell26,598$26.03$692,345.94View SEC Filing  
2/1/2017Frank L FeketeDirectorSell5,871$26.50$155,581.50View SEC Filing  
1/31/2017Michael A RaimondeEVPSell20,120$26.50$533,180.00View SEC Filing  
9/2/2016John F KuntzEVPSell10,698$21.54$230,434.92View SEC Filing  
8/31/2016Donald W BlumEVPSell14,040$21.49$301,719.60View SEC Filing  
8/30/2016Jack NovielliEVPSell15,593$21.48$334,937.64View SEC Filing  
8/29/2016Christopher P MartinChairmanSell27,267$21.31$581,059.77View SEC Filing  
8/24/2016James A ChristySVPSell65$20.96$1,362.40View SEC Filing  
8/23/2016James A ChristySVPSell10,688$21.03$224,768.64View SEC Filing  
8/11/2016Frank L FeketeDirectorSell4,559$20.42$93,094.78View SEC Filing  
8/5/2016Donald W BlumEVPSell10,000$20.68$206,800.00View SEC Filing  
8/2/2016John F KuntzEVPSell10,000$20.09$200,900.00View SEC Filing  
6/1/2016Carlos HernandezDirectorSell3,200$20.34$65,088.00View SEC Filing  
5/24/2016Janet D KrasowskiEVPSell10,000$20.00$200,000.00View SEC Filing  
5/5/2016Frank L FeketeDirectorSell3,000$19.69$59,070.00View SEC Filing  
5/3/2016Michael A RaimondeEVPSell29,557$19.68$581,681.76View SEC Filing  
3/4/2016Donald W BlumEVPSell10,000$19.33$193,300.00View SEC Filing  
3/3/2016Janet D KrasowskiEVPSell1,925$19.17$36,902.25View SEC Filing  
3/2/2016John F KuntzEVPSell10,000$18.84$188,400.00View SEC Filing  
2/22/2016Edward OdonnellDirectorSell2,000$18.80$37,600.00View SEC Filing  
2/22/2016Thomas M LyonsCFOSell10,000$18.80$188,000.00View SEC Filing  
12/10/2015Thomas W. BerryDirectorSell14,000$20.00$280,000.00View SEC Filing  
12/7/2015Frank L. FeketeDirectorSell4,000$20.60$82,400.00View SEC Filing  
12/3/2015Michael A. RaimondeEVPSell20,741$20.73$429,960.93View SEC Filing  
11/25/2015Janet D. KrasowskiEVPSell7,000$20.74$145,180.00View SEC Filing  
11/23/2015James A. ChristySVPSell5,000$20.70$103,500.00View SEC Filing  
11/18/2015Jack NovielliEVPSell3,000$20.51$61,530.00View SEC Filing  
11/10/2015Janet D. KrasowskiEVPSell7,000$20.70$144,900.00View SEC Filing  
9/9/2015Janet D. KrasowskiEVPSell12,277$19.16$235,227.32View SEC Filing  
6/10/2015Jack NovielliEVPSell10,310$18.85$194,343.50View SEC Filing  
6/10/2015James A ChristySVPSell5,000$18.85$94,250.00View SEC Filing  
6/8/2015Jack NovielliEVPSell10,623$18.42$195,675.66View SEC Filing  
6/3/2015Thomas M LyonsCFOSell10,000$18.43$184,300.00View SEC Filing  
5/27/2015Matthew K HardingDirectorBuy1,000$18.10$18,100.00View SEC Filing  
5/15/2015John PuglieseDirectorBuy1,000$18.00$18,000.00View SEC Filing  
3/12/2015Thomas W BerryDirectorBuy1,000$18.38$18,380.00View SEC Filing  
3/10/2015James D NesciEVPSell6,976$18.15$126,614.40View SEC Filing  
8/26/2014Frank L FeketeDirectorSell6,000$17.14$102,840.00View SEC Filing  
8/5/2014Thomas W BerryDirectorBuy1,000$16.64$16,640.00View SEC Filing  
6/5/2014Carlos HernandezDirectorSell6,825$17.85$121,826.25View SEC Filing  
3/6/2014Edward OdonnellDirectorSell17,000$18.98$322,660.00View SEC Filing  
2/7/2014Thomas BerryDirectorBuy1,000$16.62$16,620.00View SEC Filing  
9/13/2013James ChristySVPSell5,000$16.30$81,500.00View SEC Filing  
9/12/2013Thomas BerryDirectorBuy1,000$16.33$16,330.00View SEC Filing  
8/29/2013Frank FeketeDirectorSell2,000$16.52$33,040.00View SEC Filing  
6/13/2013Thomas W BerryDirectorBuy1,000$14.94$14,940.00View SEC Filing  
5/30/2013Frank L FeketeDirectorSell12,000$15.50$186,000.00View SEC Filing  
5/21/2013Jack NovielliEVPSell12,335$15.65$193,042.75View SEC Filing  
2/27/2013Thomas W BerryDirectorBuy1,000$14.74$14,740.00View SEC Filing  
2/26/2013Matthew K HardingDirectorBuy1,000$14.84$14,840.00View SEC Filing  
12/4/2012Thomas W BerryDirectorBuy1,000$14.26$14,260.00View SEC Filing  
9/7/2012Thomas W BerryDirectorBuy1,000$15.82$15,820.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Provident Financial Services (NYSE:PFS)
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Chart

Provident Financial Services (PFS) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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