Recent Research Analysts’ Ratings Updates for Provident Financial Services (PFS)

A number of firms have modified their ratings and price targets on shares of Provident Financial Services (NYSE: PFS) recently:

• 2/15/2025 – Provident Financial Services was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/6/2025 – Provident Financial Services was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/30/2025 – Provident Financial Services had its price target lowered by analysts at Royal Bank of Canada from $24.00 to $23.00. They now have an “outperform” rating on the stock.
• 1/29/2025 – Provident Financial Services was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/9/2025 – Provident Financial Services was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Provident Financial Services Trading Down 0.4 %

NYSE:PFS traded down $0.08 during trading hours on Wednesday, hitting $18.59. The company had a trading volume of 137,829 shares, compared to its average volume of 583,141. The company has a market capitalization of $2.43 billion, a PE ratio of 17.70 and a beta of 1.07. The stock has a 50-day moving average price of $19.08 and a 200 day moving average price of $19.10. Provident Financial Services, Inc. has a 52 week low of $13.07 and a 52 week high of $22.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 1.01.

Provident Financial Services (NYSE:PFS) last announced its earnings results on Tuesday, January 28th. The savings and loans company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%. On average, equities research analysts predict that Provident Financial Services, Inc. will post 2.14 EPS for the current fiscal year.

Provident Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Friday, February 14th. Provident Financial Services’s dividend payout ratio is presently 91.43%.

Insider Transactions at Provident Financial Services

In other Provident Financial Services news, EVP James A. Christy sold 3,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $20.88, for a total value of $73,080.00. Following the completion of the transaction, the executive vice president now owns 34,254 shares of the company’s stock, valued at approximately $715,223.52. The trade was a 9.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.44% of the stock is owned by insiders.

Institutional Investors Weigh In On Provident Financial Services

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Provident Financial Services during the 3rd quarter valued at approximately $435,000. International Assets Investment Management LLC boosted its stake in Provident Financial Services by 1,779.7% in the 3rd quarter. International Assets Investment Management LLC now owns 7,876 shares of the savings and loans company’s stock worth $146,000 after purchasing an additional 7,457 shares during the period. US Bancorp DE boosted its stake in Provident Financial Services by 3,201.7% in the 3rd quarter. US Bancorp DE now owns 19,051 shares of the savings and loans company’s stock worth $354,000 after purchasing an additional 18,474 shares during the period. Forum Financial Management LP bought a new position in Provident Financial Services in the 3rd quarter worth approximately $217,000. Finally, Chartwell Investment Partners LLC bought a new position in Provident Financial Services in the 3rd quarter worth approximately $5,564,000. 71.97% of the stock is currently owned by institutional investors.

Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.