Provident Financial Services, Inc (NYSE:PFS) released its quarterly earnings data on Friday. The savings and loans company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04, MarketWatch Earnings reports. The business had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.84 million. Provident Financial Services had a return on equity of 7.40% and a net margin of 25.39%. During the same period in the previous year, the company posted $0.36 EPS.
Provident Financial Services (NYSE:PFS) opened at 28.36 on Friday. Provident Financial Services has a 52-week low of $21.86 and a 52-week high of $28.92. The company’s 50-day moving average price is $26.53 and its 200 day moving average price is $25.42. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 19.56 and a beta of 1.01.
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Several equities analysts have recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $25.50 price objective on shares of Provident Financial Services in a research note on Friday, July 14th. ValuEngine lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub lowered Provident Financial Services from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, August 2nd. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.50.
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.
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