Provident Financial Services (NYSE:PFS) is set to announce its earnings results before the market opens on Thursday, January 25th.

Provident Financial Services (NYSE:PFS) last released its quarterly earnings results 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. Provident Financial Services had a return on equity of 7.61% and a net margin of 25.90%. The firm had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.84 million. During the same quarter last year, the company posted $0.36 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 (PFS) opened at $27.79 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. Provident Financial Services has a twelve month low of $23.19 and a twelve month high of $28.76. The stock has a market capitalization of $1,863.36, a PE ratio of 18.40, a P/E/G ratio of 1.65 and a beta of 0.97.

The business also recently declared a special dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a dividend of $0.15 per share. This represents a dividend yield of 3.01%. The ex-dividend date was Thursday, December 7th. Provident Financial Services’s dividend payout ratio is currently 52.98%.

A number of equities analysts recently issued reports on PFS shares. Zacks Investment Research lowered Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $28.50 price target on shares of Provident Financial Services in a report on Wednesday, November 1st. ValuEngine lowered Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Sandler O’Neill lowered Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. One 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. The stock presently has a consensus rating of “Hold” and an average target price of $28.30.

In other Provident Financial Services news, EVP Donald W. Blum sold 6,100 shares of Provident Financial Services stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $28.47, for a total value of $173,667.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward Odonnell sold 3,000 shares of Provident Financial Services 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 in the company, valued at approximately $2,493,445.50. The disclosure for this sale can be found here. Insiders sold a total of 25,175 shares of company stock worth $690,186 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

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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.

Earnings History for Provident Financial Services (NYSE:PFS)

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