Provident Financial Services (PFS) Scheduled to Post Earnings on Tuesday

Provident Financial Services (NYSE:PFS) will be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings data on Thursday, July 25th. The savings and loans company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.39). Provident Financial Services had a net margin of 9.38% and a return on equity of 4.95%. The company had revenue of $141.51 million for the quarter, compared to analysts’ expectations of $148.60 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. 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 Trading Down 1.9 %

NYSE PFS opened at $18.68 on Monday. Provident Financial Services has a 12 month low of $13.07 and a 12 month high of $19.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $18.56 and its 200-day moving average price is $16.51. The stock has a market cap of $2.44 billion, a P/E ratio of 11.68 and a beta of 1.03.

Analysts Set New Price Targets

Several brokerages recently commented on PFS. StockNews.com downgraded shares of Provident Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of Provident Financial Services from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.00 to $21.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Provident Financial Services from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, Provident Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

Insiders Place Their Bets

In other news, EVP Vito Giannola sold 5,499 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $18.09, for a total transaction of $99,476.91. Following the completion of the sale, the executive vice president now owns 88,656 shares of the company’s stock, valued at $1,603,787.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.29% of the company’s stock.

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.