Provident Financial Services, Inc. (PFS)
| Market Cap | 2.07B |
| Revenue (ttm) | 441.19M |
| Net Income (ttm) | 119.94M |
| Shares Out | 130.19M |
| EPS (ttm) | 1.60 |
| PE Ratio | 10.06 |
| Forward PE | 8.65 |
| Dividend | $0.96 (6.05%) |
| Ex-Dividend Date | Apr 26, 2024 |
| Volume | 572,917 |
| Open | 16.20 |
| Previous Close | 16.18 |
| Day's Range | 15.85 - 16.25 |
| 52-Week Range | 13.21 - 19.62 |
| Beta | 1.04 |
| Analysts | Buy |
| Price Target | 18.80 (+18.43%) |
| Earnings Date | Apr 18, 2024 |
About PFS
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. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, retail and industrial pro... [Read more]
Financial Performance
In 2023, PFS's revenue was $451.38 million, a decrease of -9.17% compared to the previous year's $496.95 million. Earnings were $128.40 million, a decrease of -26.90%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for PFS stock is "Buy." The 12-month stock price forecast is $18.8, which is an increase of 18.43% from the latest price.
News
Provident Financial Services, Inc. Completes Merger with Lakeland Bancorp, Inc.
Combines the Best of Two Highly Regarded Banks to Create the Premier Super Community Bank in the Region
Provident Financial Services, Inc. Announces Completion of Subordinated Notes Offering and Expected Merger Closing Date for the Lakeland Bancorp, Inc. Merger
ISELIN, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the completion of its...
Provident Financial Services, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering
ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the pricing of its of...
Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering
ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced that it intends to of...
CORRECTION: Provident Bank Donates Original Bookkeeping Ledgers Dating Back to 1839 to the Jersey City Free Public Library
ISELIN, N.J., April 23, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is proud to announce the donation of its original bookkeeping ledgers to the Jersey C...
Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $32.1 million, or $0.43 per basic and diluted share for the three ...
Provident Financial Services, Inc. Receives Federal Reserve Board Approval for its Merger with Lakeland Bancorp, Inc.
ISELIN, N.J. and OAK RIDGE, N.J, April 11, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasda...
Provident Financial Services, Inc. Schedules First Quarter Earnings Conference Call
ISELIN, N.J., April 11, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended March 31, 2024 on Thursday,...
KBRA Assigns Ratings to Provident Financial Services, Inc.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Iselin, New Jersey-based ...
Provident Financial Services, Inc. Announces Fourth Quarter and Full Year Earnings, Declaration of Quarterly Cash Dividend and Annual Meeting Date
ISELIN, N.J., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $27.3 million, or $0.36 per basic and diluted share for the three m...
Provident Financial Services, Inc. Schedules Fourth Quarter and Year-End Earnings Conference Call
ISELIN, N.J., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter and year ended December 31, 2023 o...
Provident Financial Services, Inc. and Lakeland Bancorp, Inc. Extend Merger Agreement
ISELIN, N.J. and OAK RIDGE, N.J., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasda...
National Survey by Provident Bank Finds Businesses Expect Economy to Improve in 2024 Despite Inflation
ISELIN, N.J., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, has released the results of its 2024 Economic Outlook Survey.
UPDATE - Beacon Trust Named One of America's Top RIA Firms by Forbes in Combination with SHOOK Research
The second annual ranking includes 250 advisory firms with cumulative assets of more than $1.1 trillion The second annual ranking includes 250 advisory firms with cumulative assets of more than $1.1 t...
Beacon Trust Named One of America's Top RIA Firms by Forbes in Combination with SHOOK Research
The second annual ranking includes 250 advisory firms with cumulative assets of more than $1.1 trillion The second annual ranking includes 250 advisory firms with cumulative assets of more than $1.1 t...
Provident Bank Welcomes Chao Huang as Assistant General Counsel, Investor Relations Specialist
ISELIN, N.J., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to welcome Chao Huang as Assistant General Counsel, Investor Relations Sp...
Provident Financial Services, Inc. Announces Third Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $28.5 million, or $0.38 per basic and diluted share for the three m...
Provident Financial Services, Inc. Schedules Third Quarter Earnings Conference Call
ISELIN, N.J., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended September 30, 2023 on Thursd...
Nationwide Survey Finds 85% of Americans Say Rising Wedding Expenses Will Impact Financial Well-Being
53% of respondents state they have spoken or will speak with their bank or financial advisor about financing options for their wedding 53% of respondents state they have spoken or will speak with thei...
Provident Financial Services, Inc. Announces Second Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., July 27, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $32.0 million, or $0.43 per basic and diluted share for the three m...
Provident Bank Welcomes Diane Gigliotti as SVP, Controller and Mary Brown as SVP, Chief Compliance Officer
ISELIN, N.J., July 25, 2023 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of two talented and experienced leaders to the org...
Provident Bank Announces $950,000 in NRTC Funding Awards to Ten New Jersey Non-Profit Organizations
Funds will be used to support revitalization plans for distressed neighborhoods Funds will be used to support revitalization plans for distressed neighborhoods
Provident Financial Services, Inc. Schedules Second Quarter Earnings Conference Call
ISELIN, N.J., July 03, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended June 30, 2023 on Thursday, J...
Provident Branch Wins Silver ASID Award in Design Excellence
Award recognizes La Macchia Groups design of Provident Bank's Roslyn, NY branch Award recognizes La Macchia Groups design of Provident Bank's Roslyn, NY branch
Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $40.5 million, or $0.54 per basic and diluted share, for the three...