Wall Street brokerages expect Provident Financial Services, Inc. (NYSE: PFS) to report earnings of $ 0.47 per share for the current quarter, Zacks investment research reports. Three analysts estimated Provident Financial Services earnings, with the lowest EPS estimate being $ 0.45 and the highest estimate being $ 0.51. Provident Financial Services reported earnings per share of $ 0.53 in the same quarter last year, indicating a negative year-over-year growth rate of 11.3%. The company is expected to report its next results on Friday, February 4.
According to Zacks, analysts expect Provident Financial Services to report annual earnings of $ 2.15 per share for the current year, with EPS estimates ranging from $ 2.11 to $ 2.21. For next year, analysts predict the company will report earnings of $ 1.84 per share, with EPS estimates ranging from $ 1.75 to $ 1.94. Zacks’ EPS calculations are an average based on a survey of seller-side research analysts who cover Provident Financial Services.
Provident Financial Services (NYSE: PFS) last announced its quarterly earnings data on Thursday, October 28. The savings and loan company reported EPS of $ 0.49 for the quarter, beating the consensus estimate of $ 0.47 by $ 0.02. The company posted revenue of $ 99.59 million in the quarter, compared to analysts’ estimates of $ 113.23 million. Provident Financial Services recorded a return on equity of 10.34% and a net margin of 35.12%. The company’s revenue for the quarter increased 6.6% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 0.37.
A number of research companies have commented on the PFS. Zacks investment research reduced Provident Financial Services from a âbuyâ note to a âholdâ note in a research note on Tuesday, October 5. Barclays reiterated an “overweight” rating on Provident Financial Services shares in a research note on Thursday, August 12.
A number of institutional investors have recently bought and sold shares. Comerica Bank increased its holdings in Provident Financial Services by 3.9% in the third quarter. Comerica Bank now owns 70,527 shares of the savings and loan company valued at $ 1,756,000 after acquiring an additional 2,630 shares during the period. Bank of New York Mellon Corp increased its holdings in Provident Financial Services by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 1,093,265 shares of the savings and loan company valued at $ 25,659,000 after acquiring an additional 26,412 shares during the period. BNP Paribas Arbitrage SA increased its stake in Provident Financial Services by 115.1% in the third quarter. BNP Paribas Arbitrage SA now holds 96,878 shares of the savings and loan company valued at $ 2,274,000 after purchasing 51,846 additional shares during the period. Thrivent Financial for Lutherans increased its holdings in Provident Financial Services by 6.1% in the third quarter. Thrivent Financial for Lutherans now owns 62,920 shares of the savings and loan company valued at $ 1,477,000 after purchasing an additional 3,644 shares during the period. Finally, the Royal Bank of Canada increased its holdings in Provident Financial Services by 5.0% in the third quarter. Royal Bank of Canada now owns 24,644 shares of the savings and loan company valued at $ 578,000 after purchasing an additional 1,173 shares during the period. 61.39% of the shares are currently held by hedge funds and other institutional investors.
Shares of Provident Financial Services opened at $ 23.63 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.96, and a debt ratio of 0.41. The company has a market cap of $ 1.83 billion, a P / E ratio of 10.60 and a beta of 1.01. Provident Financial Services has a 12-month low of $ 16.56 and a 12-month high of $ 25.98. The company has a fifty-day simple moving average of $ 24.67 and a two-hundred-day simple moving average of $ 23.47.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26. Shareholders of record on Friday, November 12 received a dividend of $ 0.24. The ex-dividend date was Wednesday, November 10. This is a positive change from Provident Financial Services’ previous quarterly dividend of $ 0.23. This represents a dividend of $ 0.96 on an annualized basis and a dividend yield of 4.06%. Provident Financial Services’ dividend payout ratio is currently 43.05%.
About provident financial services
Provident Financial Services, Inc is a holding company that provides banking services to individuals and businesses in northern and central New Jersey and eastern Pennsylvania. The company was founded on January 15, 2003 and is headquartered in Jersey City, New Jersey.
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