Wall Street brokerages forecast that Provident Financial Services, Inc. (NYSE:PFS) will report earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Provident Financial Services’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. Provident Financial Services posted earnings per share of $0.37 in the same quarter last year, which would indicate a positive year over year growth rate of 18.9%. The company is scheduled to report its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that Provident Financial Services will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.88. For the next financial year, analysts forecast that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.86 to $1.96. Zacks’ EPS calculations are an average based on a survey of research firms that follow Provident Financial Services.
Provident Financial Services (NYSE:PFS) last announced its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Provident Financial Services had a net margin of 24.75% and a return on equity of 7.61%. The business had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $85.36 million. During the same quarter in the prior year, the firm earned $0.35 EPS.
In other Provident Financial Services news, EVP Donald W. Blum sold 6,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $28.47, for a total transaction of $173,667.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank L. Fekete sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.33, for a total value of $245,970.00. Following the transaction, the director now owns 48,903 shares in the company, valued at approximately $1,336,518.99. The disclosure for this sale can be found here. Insiders have sold a total of 18,100 shares of company stock worth $502,377 in the last quarter. Company insiders own 2.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in shares of Provident Financial Services by 66.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,990 shares of the savings and loans company’s stock worth $135,000 after acquiring an additional 2,000 shares during the period. Sei Investments Co. boosted its position in shares of Provident Financial Services by 170.1% in the 3rd quarter. Sei Investments Co. now owns 6,028 shares of the savings and loans company’s stock worth $160,000 after purchasing an additional 3,796 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of Provident Financial Services in the 4th quarter worth approximately $190,000. Telemus Capital LLC bought a new stake in shares of Provident Financial Services in the 4th quarter worth approximately $206,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Provident Financial Services in the 4th quarter worth approximately $217,000. Hedge funds and other institutional investors own 63.68% of the company’s stock.
Shares of Provident Financial Services (NYSE PFS) traded up $0.18 during trading hours on Wednesday, reaching $25.93. The company had a trading volume of 173,578 shares, compared to its average volume of 205,437. Provident Financial Services has a 52 week low of $23.19 and a 52 week high of $28.76. The stock has a market cap of $1,713.28, a P/E ratio of 17.76, a PEG ratio of 1.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.08 and a current ratio of 1.12.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.09%. Provident Financial Services’s dividend payout ratio (DPR) is 54.79%.
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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