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

Sign in or create an account to add this stock to your watchlist.
$25.41 +0.33 (+1.32 %)
(As of 08/17/2018 08:59 AM ET)
Previous Close$25.08
Today's Range$25.21 - $25.5310
52-Week Range$23.26 - $29.12
Volume121,221 shs
Average Volume156,916 shs
Market Capitalization$1.69 billion
P/E Ratio16.72
Dividend Yield3.31%
Beta0.85
Provident Financial Services logoProvident 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. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA and KEOGH accounts. The company's 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. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides trust and estate administrative services; and asset management services comprising investment management, asset allocation, trust and fiduciary, financial and tax planning, family office, estate settlement, and custody services to individuals, municipalities, non-profits, corporations, and pension funds. Further, it 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 well as offers investment advisory services. As of December 31, 2017, the company operated 84 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

Receive PFS News and Ratings via Email

Sign-up to receive the latest news and ratings for PFS and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNYSE:PFS
CUSIP74386T10
Phone732-590-9200

Debt

Debt-to-Equity Ratio1.27
Current Ratio1.10
Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio16.72
Forward P/E Ratio15.49
P/E Growth1.91

Sales & Book Value

Annual Sales$379.54 million
Price / Sales4.49
Cash Flow$1.7585 per share
Price / Cash14.45
Book Value$19.52 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$1.52
Net Income$93.94 million
Net Margins23.56%
Return on Equity7.46%
Return on Assets1.00%

Miscellaneous

Employees1,054
Outstanding Shares67,090,000
Market Cap$1.69 billion

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 declared a quarterly dividend on Monday, July 30th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.21 per share on Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Tuesday, August 14th. This is a boost from Provident Financial Services's previous quarterly dividend of $0.20. 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, 27th. The savings and loans company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.15. The savings and loans company earned $88.12 million during the quarter, compared to the consensus estimate of $87.99 million. Provident Financial Services had a return on equity of 7.46% and a net margin of 23.56%. Provident Financial Services's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 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, October, 26th 2018. View Earnings Estimates for Provident Financial Services.

What price target have analysts set for PFS?

6 Wall Street analysts have issued 1-year target prices for Provident Financial Services' stock. Their predictions range from $25.00 to $30.00. On average, they anticipate Provident Financial Services' share price to reach $27.60 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for Provident Financial Services.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 5 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. Boenning Scattergood analysts commented, "We remain Neutral on shares of PFS following 2Q18 results. We expect future loan growth in the low-to-mid single-digit range, slower than some peers, due to a combination of competitive markets, elevated borrower paydown activity, and strict underwriting criteria. The other big 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, Durbin is still likely to reduce revenue by approximately $3 million annually and additional expenses are still planned. Shares of Provident currently trade above peers at 16.3x our 2018 EPS estimate (14.6x peer average) and 2.0x TBV (1.9x peer average). Thus, as we weigh the strengths and challenges facing the company today, we view the stock as fairly valued." (7/27/2018)
  • 2. 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. " (6/28/2018)

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:
  • Mr. Christopher P. Martin, Chairman, Pres & CEO (Age 62)
  • Mr. Thomas M. Lyons CPA, Exec. VP & CFO (Age 54)
  • Mr. John F. Kuntz Esq., Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
  • Mr. Donald W. Blum, Exec. VP & Chief Lending Officer of the Provident Bank (Age 62)
  • Mr. Michael A. Raimonde, Exec. VP & Director of Retail Banking of the Provident Bank (Age 66)

Has Provident Financial Services been receiving favorable news coverage?

News articles about PFS stock have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Provident Financial Services earned a news impact score of 0.24 on Accern's scale. They also assigned media headlines about the savings and loans company an impact score of 48.16 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Provident Financial Services.

Who are Provident Financial Services' major shareholders?

Provident Financial Services' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.76%), Dimensional Fund Advisors LP (8.36%), Renaissance Technologies LLC (1.87%), Beacon Investment Advisory Services Inc. (1.74%), Bank of New York Mellon Corp (1.45%) and Dalton Greiner Hartman Maher & Co. (1.26%). 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, James P Dunigan, John F Kuntz, Laura L Brooks, Matthew K Harding and Michael A Raimonde. 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 First Trust Advisors LP, Zurich Insurance Group Ltd FI, Jennison Associates LLC, Hennessy Advisors Inc., BNP Paribas Arbitrage SA, Municipal Employees Retirement System of Michigan, Sterling Capital Management LLC and Martingale Asset Management L P. Company insiders that have sold Provident Financial Services company stock in the last year include Carlos Hernandez, Donald W Blum, Edward Odonnell, Frank L Fekete and Laura L Brooks. 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 BlackRock Inc., Renaissance Technologies LLC, Systematic Financial Management LP, Schwab Charles Investment Management Inc., Dalton Greiner Hartman Maher & Co., Alps Advisors Inc., Alps Advisors Inc. and Alps Advisors Inc.. 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 $25.41.

How big of a company is Provident Financial Services?

Provident Financial Services has a market capitalization of $1.69 billion and generates $379.54 million in revenue each year. The savings and loans company earns $93.94 million in net income (profit) each year or $1.52 on an earnings per share basis. Provident Financial Services employs 1,054 workers across the globe.

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:  219 (Vote Outperform)
Underperform Votes:  254 (Vote Underperform)
Total Votes:  473
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 8/17/2018 by MarketBeat.com Staff

Featured Article: Leveraged Buyout (LBO)

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.