Provident Financial Services, Inc (NYSE:PFS) posted its earnings results on Friday. 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, MarketWatch Earnings reports. The business had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $83.84 million. Provident Financial Services had a net margin of 25.39% and a return on equity of 7.40%. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
Shares of Provident Financial Services (PFS) opened at 28.36 on Friday. The company has a market capitalization of $1.83 billion, a PE ratio of 19.56 and a beta of 1.01. The firm’s 50-day moving average is $26.53 and its 200 day moving average is $25.42. Provident Financial Services has a 52 week low of $21.86 and a 52 week high of $28.92.
PFS has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Provident Financial Services in a research note on Friday, July 7th. DA Davidson initiated coverage on shares of Provident Financial Services in a research note on Friday, September 1st. They issued a “neutral” rating and a $25.00 target price on the stock. BidaskClub cut shares of Provident Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.50.
TRADEMARK VIOLATION WARNING: “Provident Financial Services, Inc (PFS) Issues Earnings Results, Beats Expectations By $0.04 EPS” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/10/29/provident-financial-services-inc-pfs-issues-earnings-results-beats-expectations-by-0-04-eps.html.
Provident Financial Services Company Profile
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.
What are top analysts saying about Provident Financial Services Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Provident Financial Services Inc and related companies.