Provident Financial Services (NYSE:PFS – Get Rating) is expected to release quarterly earnings data before market open Friday, April 29. Analysts expect the company to report earnings of $0.47 per share for the quarter. Parties wishing to listen to the company’s conference call may do so using this link.
Provident Financial Services (NYSE:PFS – Get Rating) last released its results on Friday, January 28. The savings and loan company reported EPS of $0.49 for the quarter, beating analyst consensus estimates of $0.46 by $0.03. The company posted revenue of $114.54 million in the quarter, compared to $115.16 million expected by analysts. Provident Financial Services posted a net margin of 34.33% and a return on equity of 10.02%. In the same quarter of the previous year, the company had earned earnings per share of $0.53. On average, analysts expect Provident Financial Services to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
PFS stock opened at $22.89 on Friday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 10.45 and a beta of 0.94. The company has a 50-day simple moving average of $23.27 and a 200-day simple moving average of $24.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt ratio of 0.40. Provident Financial Services has a 52-week low of $20.86 and a 52-week high of $26.20.
The company also recently announced a quarterly dividend, which was paid on Friday, February 25. Shareholders of record on Friday, February 11 received a dividend of $0.24 per share. The ex-dividend date was Thursday, February 10. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 4.19%. Provident Financial Services’ dividend payout ratio is currently 43.84%.
PFS has been the subject of several research reports. Zacks Investment Research moved shares of Provident Financial Services from a “hold” rating to a “strong-buy” rating and set a target price of $28.00 for the company in a Wednesday, Feb. 2 research note. . StockNews.com launched coverage on the shares of Provident Financial Services in a research note on Thursday, March 31. They set a “holding” rating for the company.
Separately, director John Pugliese sold 10,000 shares of the company in a transaction dated Monday, February 7. The shares were sold at an average price of $24.15, for a total transaction of $241,500.00. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, Executive Vice President James A. Christy sold 3,000 shares of the company in a trade dated Friday, March 11. The stock was sold at an average price of $23.53, for a total transaction of $70,590.00. The disclosure of this sale can be found here. Insiders hold 4.26% of the company’s shares.
Major investors have recently been buying and selling shares of the company. DE Shaw & Co. Inc. acquired a new position in Provident Financial Services in Q4 valued at approximately $488,000. Millennium Management LLC acquired a new position in Provident Financial Services in Q4, valued at approximately $492,000. Royal Bank of Canada increased its holdings in Provident Financial Services by 5.0% in the third quarter. Royal Bank of Canada now owns 24,644 shares of the savings and loan company valued at $578,000 after buying 1,173 more shares in the last quarter. Deutsche Bank AG increased its holdings in Provident Financial Services by 4.6% in the 4th quarter. Deutsche Bank AG now owns 57,823 shares in the savings and loan company valued at $1,401,000 after buying 2,558 additional shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Provident Financial Services by 57.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 66,847 shares of the savings and loan company valued at $1,619,000 after purchasing an additional 24,471 shares in the last quarter. Institutional investors hold 61.44% of the company’s shares.
About pension financial services (Get an assessment)
Provident Financial Services, Inc. operates as a bank holding company for Provident Bank which provides various personal, family and business banking products and services in the United States. The Company’s deposit products include savings, checks, interest-bearing checks, money market deposits and certificates of deposit accounts, as well as IRA products.
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