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

Provident Financial Services (NYSE:PFS) is projected to release its Q1 2025 earnings data after the market closes on Thursday, April 24th. Analysts expect Provident Financial Services to post earnings of $0.47 per share and revenue of $206.86 million for the quarter.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%. 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 Stock Performance

Shares of PFS stock opened at $15.51 on Tuesday. The company has a market cap of $2.02 billion, a P/E ratio of 14.77 and a beta of 0.84. The business has a 50 day moving average of $16.89 and a two-hundred day moving average of $18.64. Provident Financial Services has a 52 week low of $13.07 and a 52 week high of $22.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.95.

Provident Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.96 dividend on an annualized basis and a yield of 6.19%. Provident Financial Services’s dividend payout ratio is currently 91.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PFS shares. StockNews.com raised shares of Provident Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Royal Bank of Canada reduced their target price on shares of Provident Financial Services from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

About Provident Financial Services

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.