Q2 Earnings Estimate for PFS Issued By DA Davidson

Provident Financial Services, Inc. (NYSE:PFS) – DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for Provident Financial Services in a research report issued on Tuesday, April 29th. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings of $0.48 per share for the quarter. The consensus estimate for Provident Financial Services’ current full-year earnings is $2.14 per share. DA Davidson also issued estimates for Provident Financial Services’ FY2026 earnings at $2.35 EPS.

Provident Financial Services (NYSE:PFS) last announced its earnings results on Thursday, April 24th. The savings and loans company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $208.76 million for the quarter, compared to analysts’ expectations of $206.86 million. Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%. The company’s quarterly revenue was up 82.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS.

A number of other analysts also recently issued reports on PFS. Royal Bank of Canada reduced their price target on shares of Provident Financial Services from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on shares of Provident Financial Services from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday. Finally, StockNews.com upgraded shares of Provident Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Provident Financial Services presently has an average rating of “Moderate Buy” and an average price target of $24.25.

Provident Financial Services Price Performance

NYSE PFS opened at $16.66 on Wednesday. Provident Financial Services has a 52 week low of $13.07 and a 52 week high of $22.24. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.87 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $16.64 and a 200-day moving average price of $18.57.

Institutional Investors Weigh In On Provident Financial Services

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Provident Financial Services by 447.3% during the first quarter. GAMMA Investing LLC now owns 1,505 shares of the savings and loans company’s stock worth $26,000 after acquiring an additional 1,230 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Provident Financial Services during the 4th quarter worth about $46,000. Byrne Asset Management LLC increased its position in shares of Provident Financial Services by 193.8% during the 1st quarter. Byrne Asset Management LLC now owns 2,938 shares of the savings and loans company’s stock worth $50,000 after purchasing an additional 1,938 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Provident Financial Services during the 4th quarter worth about $55,000. Finally, Sterling Capital Management LLC increased its position in shares of Provident Financial Services by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,968 shares of the savings and loans company’s stock worth $75,000 after purchasing an additional 3,530 shares during the last quarter. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

Provident Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, May 16th. This represents a $0.96 annualized dividend and a yield of 5.76%. Provident Financial Services’s dividend payout ratio (DPR) is currently 86.49%.

Provident Financial Services Company Profile

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.