What is DA Davidson’s Forecast for PFS Q1 Earnings?

Provident Financial Services, Inc. (NYSE:PFS) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Provident Financial Services in a report released 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 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.

A number of other research analysts have also commented on the company. Hovde Group assumed coverage on Provident Financial Services in a report on Friday, December 13th. They set an “outperform” rating and a $25.00 price objective on the stock. Royal Bank of Canada lowered their price target on Provident Financial Services from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, StockNews.com upgraded shares of Provident Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Provident Financial Services Trading Up 0.1 %

Provident Financial Services stock opened at $18.58 on Monday. Provident Financial Services has a one year low of $13.07 and a one year high of $22.24. The company’s fifty day moving average price is $19.54 and its two-hundred day moving average price is $19.04. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 17.70 and a beta of 1.08. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03.

Provident Financial Services (NYSE:PFS) last released its quarterly 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 5.79%.

Provident Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.17%. 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 related news, EVP James A. Christy sold 3,500 shares of Provident Financial Services stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $715,223.52. This trade represents a 9.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.29% of the stock is owned by company insiders.

Institutional Trading of Provident Financial Services

Hedge funds have recently modified their holdings of the company. Savant Capital LLC increased its position in shares of Provident Financial Services by 6.5% during the fourth quarter. Savant Capital LLC now owns 10,931 shares of the savings and loans company’s stock valued at $206,000 after purchasing an additional 664 shares during the period. CIBC Asset Management Inc boosted its stake in Provident Financial Services by 6.1% during the fourth quarter. CIBC Asset Management Inc now owns 13,422 shares of the savings and loans company’s stock worth $253,000 after buying an additional 772 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Provident Financial Services by 5.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 16,672 shares of the savings and loans company’s stock valued at $309,000 after buying an additional 802 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Provident Financial Services by 120.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,500 shares of the savings and loans company’s stock valued at $28,000 after buying an additional 820 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Provident Financial Services by 3.3% during the 3rd quarter. D.A. Davidson & CO. now owns 29,402 shares of the savings and loans company’s stock worth $546,000 after acquiring an additional 944 shares during the period. Institutional investors own 71.97% of the company’s stock.

About Provident Financial Services

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.