Provident Financial Services (PFS) Projected to Post Earnings on Tuesday

Provident Financial Services (NYSE:PFS) is projected to issue its quarterly earnings data after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $210,602.75 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Provident Financial Services (NYSE:PFS) last issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.11). The business had revenue of $349.38 million during the quarter, compared to analysts’ expectations of $211.25 million. Provident Financial Services had a return on equity of 5.21% and a net margin of 9.55%. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts expect Provident Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Provident Financial Services Stock Performance

NYSE PFS opened at $18.91 on Friday. The stock has a market cap of $2.47 billion, a PE ratio of 18.18 and a beta of 1.08. Provident Financial Services has a twelve month low of $13.07 and a twelve month high of $22.24. The stock has a fifty day simple moving average of $19.76 and a 200-day simple moving average of $18.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02.

Provident Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Friday, November 15th. Provident Financial Services’s dividend payout ratio (DPR) is 92.31%.

Insider Buying and Selling at Provident Financial Services

In related news, EVP James A. Christy sold 3,500 shares of Provident Financial Services stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $20.88, for a total transaction of $73,080.00. Following the sale, the executive vice president now directly owns 34,254 shares in the company, valued at $715,223.52. This trade represents a 9.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson boosted their price objective on Provident Financial Services from $24.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 15th. Hovde Group assumed coverage on shares of Provident Financial Services in a research note on Friday, December 13th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, StockNews.com downgraded shares of Provident Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Provident Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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.