Provident Financial Services (NYSE:PFS) is scheduled to announce its earnings results before the market opens on Thursday, January 25th.

Provident Financial Services (NYSE:PFS) last posted its quarterly earnings results on Friday, October 27th. The savings and loans company reported $0.41 earnings per share for the quarter, beating 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 company had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $83.84 million. During the same period last year, the firm earned $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.

Shares of Provident Financial Services (NYSE:PFS) opened at $27.79 on Thursday. Provident Financial Services has a 52 week low of $23.19 and a 52 week high of $28.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $1,863.36, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97.

The firm also recently declared a special dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a $0.15 dividend. This represents a yield of 3.01%. The ex-dividend date was Thursday, December 7th. Provident Financial Services’s dividend payout ratio is presently 52.98%.

In other news, EVP Donald W. Blum sold 6,100 shares of Provident Financial Services stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Frank L. Fekete sold 9,000 shares of Provident Financial Services stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.33, for a total value of $245,970.00. Following the sale, 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 25,175 shares of company stock worth $690,186 in the last quarter. Insiders own 2.90% of the company’s stock.

A number of analysts have weighed in on PFS shares. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, November 1st. Piper Jaffray Companies restated a “hold” rating and issued a $28.00 price target on shares of Provident Financial Services in a research note on Tuesday, January 9th. Boenning Scattergood restated a “hold” rating on shares of Provident Financial Services in a research note on Friday, October 27th. Finally, Sandler O’Neill cut Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.30.

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About Provident Financial Services

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.

Earnings History for Provident Financial Services (NYSE:PFS)

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