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

Provident Financial Services (NYSE:PFS) is projected to announce its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of $0.5550 per share and revenue of $225.5070 million for the quarter. Parties are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, April 30, 2026 at 10:00 AM ET.

Provident Financial Services (NYSE:PFS) last posted its earnings results on Wednesday, January 28th. The savings and loans company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Provident Financial Services had a return on equity of 10.69% and a net margin of 21.06%.The firm had revenue of $225.03 million for the quarter, compared to analysts’ expectations of $224.08 million. During the same period last year, the firm earned $0.37 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts expect Provident Financial Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Provident Financial Services Price Performance

NYSE:PFS opened at $22.81 on Tuesday. Provident Financial Services has a 52 week low of $15.92 and a 52 week high of $23.98. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.98 billion, a PE ratio of 10.23 and a beta of 0.81. The stock’s 50-day moving average price is $21.58 and its 200-day moving average price is $20.60.

Provident Financial Services announced that its board has approved a share buyback plan on Monday, January 26th that allows the company to buyback $2.81 million in outstanding shares. This buyback authorization allows the savings and loans company to purchase up to 0.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Provident Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.2%. Provident Financial Services’s dividend payout ratio (DPR) is 43.05%.

Institutional Investors Weigh In On Provident Financial Services

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Provident Financial Services by 358.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,548 shares of the savings and loans company’s stock worth $27,000 after buying an additional 1,210 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Provident Financial Services in the 4th quarter worth about $33,000. Danske Bank A S acquired a new stake in Provident Financial Services in the 3rd quarter worth about $58,000. Russell Investments Group Ltd. boosted its holdings in Provident Financial Services by 227.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,926 shares of the savings and loans company’s stock worth $121,000 after buying an additional 4,812 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Provident Financial Services in the 4th quarter worth approximately $199,000. 71.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PFS has been the topic of a number of analyst reports. Weiss Ratings upgraded Provident Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada set a $25.00 target price on Provident Financial Services in a research report on Thursday, January 29th. Keefe, Bruyette & Woods raised their target price on Provident Financial Services from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. DA Davidson initiated coverage on Provident Financial Services in a research report on Wednesday, February 25th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, Piper Sandler initiated coverage on Provident Financial Services in a research report on Monday, March 16th. They set an “overweight” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $24.08.

Provident Financial Services Company Profile

Provident Financial Services, Inc is the bank holding company for Provident Bank, a regional commercial bank headquartered in Jersey City, New Jersey. The company operates a network of full-service branches across New Jersey, the New York metropolitan area and eastern Pennsylvania, offering a range of personal and business banking solutions.

Its core products and services include checking and savings accounts, consumer and residential mortgage loans, commercial real estate financing and small-business lending.