By otakuyassine3@gmail.com 
Provident Financial Services, Inc. (NYSE:PFS – Free Report) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for Provident Financial Services in a research report issued to clients and investors on Friday, January 31st. DA Davidson analyst M. Navas anticipates that the savings and loans company will earn $0.46 per share for the quarter. DA Davidson currently has a “Buy” rating and a $27.00 target price on the stock. The consensus estimate for Provident Financial Services’ current full-year earnings is $2.09 per share.
Several other research firms have also recently issued reports on PFS. Royal Bank of Canada decreased their price objective on shares of Provident Financial Services from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. StockNews.com upgraded Provident Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Hovde Group began coverage on Provident Financial Services in a report on Friday, December 13th. They issued an “outperform” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.
Check Out Our Latest Report on Provident Financial Services
Provident Financial Services Stock Performance
PFS stock opened at $18.83 on Monday. The company has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $19.06. The company has a market capitalization of $2.46 billion, a P/E ratio of 17.93 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.95. Provident Financial Services has a fifty-two week low of $13.07 and a fifty-two week high of $22.24.
Provident Financial Services (NYSE:PFS – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.13). Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%.
Provident Financial Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Friday, February 14th. Provident Financial Services’s dividend payout ratio is currently 91.43%.
Insider Activity
In other news, EVP James A. Christy sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $20.88, for a total transaction of $73,080.00. Following the completion of the transaction, the executive vice president now directly owns 34,254 shares in the company, valued at $715,223.52. The trade was a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.44% of the stock is currently owned by corporate insiders.
Institutional Trading of Provident Financial Services
A number of hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its stake in shares of Provident Financial Services by 120.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,500 shares of the savings and loans company’s stock valued at $28,000 after purchasing an additional 820 shares in the last quarter. KBC Group NV raised its stake in shares of Provident Financial Services by 40.7% in the 4th quarter. KBC Group NV now owns 6,387 shares of the savings and loans company’s stock valued at $121,000 after buying an additional 1,848 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Provident Financial Services by 1,779.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,876 shares of the savings and loans company’s stock worth $146,000 after acquiring an additional 7,457 shares during the period. Allworth Financial LP boosted its position in shares of Provident Financial Services by 35,936.4% during the 4th quarter. Allworth Financial LP now owns 7,928 shares of the savings and loans company’s stock valued at $151,000 after acquiring an additional 7,906 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Provident Financial Services in the second quarter valued at about $178,000. 71.97% of the stock is owned by institutional investors.
Provident Financial Services Company Profile
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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