Equities analysts expect that Provident Financial Services, Inc (NYSE:PFS) will post earnings per share of $0.38 for the current quarter, according to Zacks. Two analysts have made estimates for Provident Financial Services’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.38. Provident Financial Services reported earnings per share of $0.35 during the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The business is expected to announce its next quarterly earnings results on Friday, January 26th.

According to Zacks, analysts expect that Provident Financial Services will report full year earnings of $1.54 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.55. For the next financial year, analysts expect that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.58 to $1.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Provident Financial Services.

Provident Financial Services (NYSE:PFS) last posted its quarterly earnings data on Friday, October 27th. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $85.32 million during the quarter, compared to the consensus estimate of $83.84 million. Provident Financial Services had a return on equity of 7.61% and a net margin of 25.90%. During the same period last year, the company earned $0.36 earnings per share.

Several brokerages recently commented on PFS. Sandler O’Neill cut Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. They noted that the move was a valuation call. ValuEngine raised Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $28.50 price target on shares of Provident Financial Services in a research report on Wednesday, November 1st. BidaskClub cut Provident Financial Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.80.

Shares of Provident Financial Services (NYSE:PFS) traded down $0.33 during midday trading on Thursday, reaching $27.50. The company had a trading volume of 296,976 shares, compared to its average volume of 194,156. Provident Financial Services has a 1 year low of $23.19 and a 1 year high of $28.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1,858.71, a PE ratio of 18.52, a PEG ratio of 1.81 and a beta of 0.97.

The business also recently declared a special dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 3.01%. Provident Financial Services’s dividend payout ratio (DPR) is presently 52.98%.

In other news, Director Laura L. Brooks sold 4,075 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $25.99, for a total value of $105,909.25. Following the completion of the sale, the director now directly owns 62,905 shares of the company’s stock, valued at $1,634,900.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward Odonnell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $27.30, for a total value of $81,900.00. Following the completion of the sale, the director now directly owns 91,335 shares of the company’s stock, valued at $2,493,445.50. The disclosure for this sale can be found here. Insiders have sold 25,175 shares of company stock valued at $690,186 over the last three months. Insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in shares of Provident Financial Services by 1.2% in the third quarter. California Public Employees Retirement System now owns 192,339 shares of the savings and loans company’s stock valued at $5,130,000 after buying an additional 2,266 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Provident Financial Services in the third quarter valued at approximately $30,934,000. Engineers Gate Manager LP bought a new position in shares of Provident Financial Services during the third quarter worth approximately $344,000. Private Advisor Group LLC increased its stake in shares of Provident Financial Services by 32.7% during the third quarter. Private Advisor Group LLC now owns 15,637 shares of the savings and loans company’s stock worth $427,000 after purchasing an additional 3,854 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in shares of Provident Financial Services by 14.7% during the third quarter. Moody Aldrich Partners LLC now owns 32,501 shares of the savings and loans company’s stock worth $867,000 after purchasing an additional 4,176 shares during the period. 63.97% of the stock is owned by institutional investors.

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Provident Financial Services Company Profile

Provident Financial Services Inc is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas.

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Earnings History and Estimates for Provident Financial Services (NYSE:PFS)

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