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. 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.
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 Ratio16.73
Forward P/E Ratio15.51
P/E Growth1.91
Sales & Book Value
Annual Sales$379.54 million
Price / Sales4.50
Cash Flow$1.7599 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 announced 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 3.30%. The ex-dividend date of this dividend is Tuesday, August 14th. This is an increase 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) issued its earnings results on Friday, July, 27th. The savings and loans company reported $0.30 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.45 by $0.15. The savings and loans company had revenue of $88.12 million for the quarter, compared to analyst estimates of $87.99 million. Provident Financial Services had a net margin of 23.56% and a return on equity of 7.46%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. View Provident Financial Services' Earnings History.
When is Provident Financial Services' next earnings date?
What price target have analysts set for PFS?
6 equities research 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' stock price to reach $27.60 in the next year. This suggests a possible upside of 8.5% 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?
Some companies that are related to Provident Financial Services include People's United Financial (PBCT), Umpqua (UMPQ), TFS Financial (TFSL), BankUnited (BKU), BofI (BOFI), LegacyTexas Financial Group (LTXB), Flagstar Bancorp (FBC), Columbia Financial (CLBK), Capitol Federal Financial (CFFN), Brookline Bancorp (BRKL), Kearny Financial (KRNY), OceanFirst Financial (OCFC), Meta Financial Group (CASH), Northfield Bancorp (NFBK) and BBX Capital Corp Class B (BBXTB).
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?
Headlines about PFS stock have trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Provident Financial Services earned a coverage optimism score of 0.20 on Accern's scale. They also gave news headlines about the savings and loans company an impact score of 46.82 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Provident Financial Services.
Who are Provident Financial Services' major shareholders?
Provident Financial Services' stock is owned by many different of institutional and retail 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 major 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 major investors are buying Provident Financial Services stock?
PFS stock was acquired 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 $25.43.
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)
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.
