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

Provident Financial Services (NYSE:PFS) is anticipated to announce its earnings results 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Provident Financial Services (NYSE:PFS) last posted its earnings results on Tuesday, October 29th. The savings and loans company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). The business had revenue of $349.38 million for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $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 Trading Up 0.3 %

Provident Financial Services stock opened at $19.30 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.56 and a beta of 1.08. 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 $19.95 and its two-hundred day moving average price is $18.85.

Provident Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, November 15th. Provident Financial Services’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analyst Weigh In

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

Insider Transactions at Provident Financial Services

In related news, EVP James A. Christy sold 3,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $20.88, for a total value of $73,080.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.44% of the company’s stock.

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.