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
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNYSE:PFS
CUSIP74386T10
Phone732-590-9200
Debt
Debt-to-Equity Ratio1.24
Current Ratio1.09
Quick Ratio1.09
Price-To-Earnings
Trailing P/E Ratio18.82
Forward P/E Ratio15.64
P/E Growth1.95
Sales & Book Value
Annual Sales$379.54 million
Price / Sales5.05
Cash Flow$1.7430 per share
Price / Cash16.42
Book Value$19.52 per share
Price / Book1.47
Profitability
EPS (Most Recent Fiscal Year)$1.52
Net Income$93.94 million
Net Margins25.30%
Return on Equity7.89%
Return on Assets1.06%
Miscellaneous
Employees1,054
Outstanding Shares67,010,000
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, April 30th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.20 per share on Thursday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, May 14th. 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, April, 27th. The savings and loans company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The savings and loans company earned $86.58 million during the quarter, compared to analyst estimates of $86.38 million. Provident Financial Services had a return on equity of 7.89% and a net margin of 25.30%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. View Provident Financial Services' Earnings History.
When is Provident Financial Services' next earnings date?
What price target have analysts set for PFS?
6 analysts have issued 12 month target prices for Provident Financial Services' stock. Their predictions range from $25.00 to $30.00. On average, they expect Provident Financial Services' share price to reach $28.10 in the next year. 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. " (3/29/2018)
- 2. Boenning Scattergood analysts commented, "We view Provident Financial Services, Inc. as a well-run institution with strong credit metrics, balance sheet growth in commercial categories that should generate positive economic returns on capital, diversified fee income that has become a larger contributor to revenue, and strong expense controls. However, we believe the current share price accurately reflects the company’s fundamental position. The stock trades in-line with peers based on 2018 P/E (17.0x vs. 17.4x), but at a discount based on price-to-tangible book (2.1x vs. 2.4x). The current tangible book discount is not enough for us to suggest investors get constructive in the stock considering the peer-like P/E ratio. As such, we maintain our Neutral rating on PFS shares." (10/27/2017)
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), BankUnited (BKU), TFS Financial (TFSL), BofI (BOFI), Flagstar Bancorp (FBC), LegacyTexas Financial Group (LTXB), Capitol Federal Financial (CFFN), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Kearny Financial (KRNY), Meta Financial Group (CASH), BBX Capital Corp Class B (BBXTB), Northfield Bancorp (NFBK) and Dime Community Bancshares (DCOM).
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 stories about PFS stock have been trending positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Financial Services earned a coverage optimism score of 0.28 on Accern's scale. They also assigned news headlines about the savings and loans company an impact score of 46.34 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Provident Financial Services' major shareholders?
Provident Financial Services' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.08%), Dimensional Fund Advisors LP (8.37%), Northern Trust Corp (3.65%), The Manufacturers Life Insurance Company (1.36%), Dalton Greiner Hartman Maher & Co. (1.22%) and Keeley Teton Advisors LLC (1.10%). 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, James P Dunigan, John F Kuntz, Laura L Brooks 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 Keeley Teton Advisors LLC, Engineers Gate Manager LP, Dimensional Fund Advisors LP, JPMorgan Chase & Co., Thrivent Financial for Lutherans, Royal Bank of Canada, BNP Paribas Arbitrage SA and Hennessy Advisors Inc.. 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 purchased by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., Millennium Management LLC, Wells Fargo & Company MN, Guggenheim Capital LLC, Victory Capital Management Inc., Schwab Charles Investment Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Bailard Inc.. 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 $28.62.
How big of a company is Provident Financial Services?
Provident Financial Services has a market capitalization of $1.92 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 (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.
