Provident Financial Services, Inc (NYSE:PFS) announced its quarterly earnings results on Friday. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02, Briefing.com reports. Provident Financial Services had a net margin of 25.02% and a return on equity of 7.24%. The company had revenue of $83.87 million for the quarter, compared to analysts’ expectations of $81.24 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. Provident Financial Services’s quarterly revenue was up 7.9% on a year-over-year basis.

Shares of Provident Financial Services (NYSE PFS) traded up 1.20% during trading on Friday, hitting $26.05. 145,769 shares of the company traded hands. Provident Financial Services has a 52 week low of $19.99 and a 52 week high of $28.92. The company has a 50 day moving average price of $25.29 and a 200 day moving average price of $25.60. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.97 and a beta of 0.98.

PFS has been the topic of several research analyst reports. ValuEngine upgraded shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. BidaskClub cut shares of Provident Financial Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of Provident Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Sandler O’Neill upgraded shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $25.50 price target on shares of Provident Financial Services in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Provident Financial Services currently has a consensus rating of “Hold” and an average target price of $25.90.

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In other Provident Financial Services news, Director Carlos Hernandez sold 2,650 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $24.56, for a total transaction of $65,084.00. Following the transaction, the director now owns 81,408 shares of the company’s stock, valued at approximately $1,999,380.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

About Provident Financial Services

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.

Earnings History for Provident Financial Services (NYSE:PFS)

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