Provident Financial Services (PFS) Set to Announce Quarterly Earnings on Thursday
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.
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.
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