Provident Financial Services, Inc (PFS) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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.

Earnings History for Provident Financial Services (NYSE:PFS)

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