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.
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Industry, Sector and Symbol
Industry Federal savings institutions
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Phone732-590-9200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$418.51 million
Profitability
Miscellaneous
Employees1,044
Next Earnings Date10/25/2019 (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 declared a quarterly dividend on Thursday, July 25th. Investors of record on Thursday, August 15th will be paid a dividend of $0.23 per share on Friday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, August 14th. View Provident Financial Services' Dividend History.
How were Provident Financial Services' earnings last quarter?
Provident Financial Services, Inc. (NYSE:PFS) issued its quarterly earnings results on Friday, July, 26th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.47 by $0.09. The savings and loans company had revenue of $92.39 million for the quarter, compared to the consensus estimate of $91.04 million. Provident Financial Services had a net margin of 29.23% and a return on equity of 9.28%. During the same period in the previous year, the business posted $0.30 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?
2 analysts have issued 1-year target prices for Provident Financial Services' stock. Their predictions range from $26.00 to $26.00. On average, they anticipate Provident Financial Services' share price to reach $26.00 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for Provident Financial Services.
What is the consensus analysts' recommendation for Provident Financial Services?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Financial Services in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. " (8/1/2019)
- 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 been trending negative on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Provident Financial Services earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned headlines about the savings and loans company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Provident Financial Services.
Who are some of Provident Financial Services' key competitors?
Some companies that are related to Provident Financial Services include People's United Financial (PBCT), TFS Financial (TFSL), Umpqua (UMPQ), BankUnited (BKU), Flagstar Bancorp (FBC), LegacyTexas Financial Group (LTXB), Capitol Federal Financial (CFFN), Columbia Financial (CLBK), Axos Financial (AX), Kearny Financial (KRNY), Meta Financial Group (CASH), Brookline Bancorp (BRKL), OceanFirst Financial (OCFC), Northfield Bancorp (NFBK) and Dime Community Bancshares (DCOM).
What other stocks do shareholders of Provident Financial Services own?
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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.84%), Vanguard Group Inc. (9.48%), Northern Trust Corp (3.77%), Renaissance Technologies LLC (2.01%), Bank of New York Mellon Corp (1.44%) and Invesco Ltd. (1.24%). 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, Matthew K Harding and Ursuline F Foley. 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 Dalton Greiner Hartman Maher & Co., Keeley Teton Advisors LLC, Zacks Investment Management, Prudential Financial Inc., Vanguard Group Inc., Pinebridge Investments L.P., BlackRock Inc. and Renaissance Technologies LLC. 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 major investors are buying Provident Financial Services stock?
PFS stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Morgan Stanley, Acadian Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Northern Trust Corp, Citadel Advisors LLC, Chicago Equity Partners LLC and Marshall Wace LLP. Company insiders that have bought Provident Financial Services stock in the last two years include James P Dunigan, Matthew K Harding and Ursuline F Foley. 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 $23.88.
How big of a company is Provident Financial Services?
Provident Financial Services has a market capitalization of $1.59 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.View Additional Information About Provident Financial Services.
What is Provident Financial Services' official website?
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.
