Analysts Set Expectations for PFS Q1 Earnings

Provident Financial Services, Inc. (NYSE:PFSFree Report) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Provident Financial Services in a research note issued to investors on Friday, January 31st. DA Davidson analyst M. Navas expects that the savings and loans company will post earnings per share of $0.46 for the quarter. DA Davidson has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for Provident Financial Services’ current full-year earnings is $2.09 per share.

Provident Financial Services (NYSE:PFSGet Free Report) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%.

A number of other research analysts have also commented on PFS. Royal Bank of Canada decreased their price objective on Provident Financial Services from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Hovde Group started coverage on Provident Financial Services in a report on Friday, December 13th. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, StockNews.com raised Provident Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Check Out Our Latest Stock Analysis on Provident Financial Services

Provident Financial Services Trading Up 3.3 %

Shares of NYSE PFS opened at $18.83 on Monday. Provident Financial Services has a 1-year low of $13.07 and a 1-year high of $22.24. The company has a 50-day moving average of $19.42 and a two-hundred day moving average of $19.06. The company has a market cap of $2.46 billion, a PE ratio of 17.93 and a beta of 1.07. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.95.

Provident Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Friday, February 14th. Provident Financial Services’s dividend payout ratio (DPR) is currently 91.43%.

Insider Transactions at Provident Financial Services

In other Provident Financial Services news, EVP James A. Christy sold 3,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $20.88, for a total value of $73,080.00. Following the completion of the transaction, the executive vice president now directly owns 34,254 shares of the company’s stock, valued at approximately $715,223.52. The trade was a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On Provident Financial Services

Hedge funds have recently modified their holdings of the business. Barclays PLC boosted its stake in Provident Financial Services by 39.8% in the 3rd quarter. Barclays PLC now owns 316,953 shares of the savings and loans company’s stock worth $5,883,000 after purchasing an additional 90,238 shares during the period. LMR Partners LLP acquired a new position in shares of Provident Financial Services during the third quarter worth about $508,000. Royce & Associates LP acquired a new position in Provident Financial Services during the 3rd quarter worth approximately $766,000. Geode Capital Management LLC grew its stake in shares of Provident Financial Services by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,947,394 shares of the savings and loans company’s stock worth $54,715,000 after acquiring an additional 53,943 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Provident Financial Services in the fourth quarter valued at approximately $268,000. Institutional investors and hedge funds own 71.97% of the company’s stock.

About Provident Financial Services

(Get Free Report)

Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and 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 products.

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