Provident Financial Services (PFS) Set to Announce Quarterly Earnings on Thursday

Provident Financial Services (NYSE:PFS) will be announcing its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $85.36 million. Provident Financial Services had a return on equity of 7.61% and a net margin of 24.75%. During the same period last year, the firm earned $0.35 EPS. On average, analysts expect Provident Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Shares of NYSE:PFS opened at $26.44 on Tuesday. The company has a market cap of $1,741.25, a PE ratio of 17.39, a PEG ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.12. Provident Financial Services has a 12 month low of $23.19 and a 12 month high of $28.76.

In related news, Director Edward Odonnell sold 11,786 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $25.84, for a total value of $304,550.24. Following the sale, the director now owns 71,549 shares of the company’s stock, valued at approximately $1,848,826.16. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on PFS shares. ValuEngine raised Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Sandler O’Neill raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, January 26th. Piper Jaffray reaffirmed a “hold” rating and issued a $28.00 target price on shares of Provident Financial Services in a research note on Tuesday, January 9th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.42.

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About Provident Financial Services

Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking 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 and KEOGH accounts.

Earnings History for Provident Financial Services (NYSE:PFS)

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