Provident Financial Services
About: Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The Company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The Company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The Company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
Employees: 1,142
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more capital invested
Capital invested by funds: $1.3B [Q2] → $1.62B (+$320M) [Q3]
2.36% less ownership
Funds ownership: 69.53% [Q2] → 67.17% (-2.36%) [Q3]
2% less funds holding
Funds holding: 250 [Q2] → 244 (-6) [Q3]
14% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 42
24% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 90
34% less call options, than puts
Call options by funds: $1.12M | Put options by funds: $1.7M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
31%
upside
Avg. target
$26
36%
upside
High target
$27
42%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Hovde Group Feddie Strickland 80% 1-year accuracy 4 / 5 met price target | 31%upside $25 | Outperform Initiated | 13 Dec 2024 |
DA Davidson Manuel Navas 60% 1-year accuracy 3 / 5 met price target | 42%upside $27 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
4 days ago
Provident Bank Announces $50,000 in Grants to 11 Small Businesses and 4 Non-Profit Organizations
Funding is provided through the FHBNY's Small Business Recovery Grant Program Funding is provided through the FHBNY's Small Business Recovery Grant Program
Positive
Seeking Alpha
1 week ago
Dividend Income Summary: Lanny's November 2024 Summary
Investing in dividend stocks allows you to earn dividend income, the best passive income stream. The power of compounding and dividend reinvestment is a wonderful component to the portfolio. All of the investing from last year and moves this year show that my aim to save 60% of my income, and making every dollar count has provided the dividend growth.
Neutral
GlobeNewsWire
1 month ago
Provident Bank Strengthens Human Resources Team with Senior Vice President to Drive the Bank's People Development Strategy
ISELIN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, is pleased to announce that Kim Strignile has joined the Human Resources team as Senior Vice President, HR Business Partner Director. Ms. Strignile will lead the bank's HR Business Partner and Talent Acquisition teams, playing a pivotal role in driving its people strategy.
Neutral
Seeking Alpha
1 month ago
Provident Financial Services, Inc. (PFS) Q3 2024 Earnings Call Transcript
Provident Financial Services, Inc. (NYSE:PFS ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Adriano Duarte – Investor Relations Officer Tony Labozzetta – President and Chief Executive Officer Tom Lyons – Senior Executive Vice President and Chief Financial Officer Conference Call Participants Greg Zingone – Piper Sandler Billy Young – RBC Capital Tim Switzer – KBW Manuel Navas – D.A. Davidson Operator Thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Provident Financial (PFS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Provident Financial (PFS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
1 month ago
Provident Financial (PFS) Lags Q3 Earnings and Revenue Estimates
Provident Financial (PFS) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.38 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Provident Financial Services, Inc. Reports Third Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $46.4 million, or $0.36 per basic and diluted share for the three months ended September 30, 2024, compared to a net loss of $11.5 million, or $0.11 per basic and diluted share, for the three months ended June 30, 2024 and net income of $28.5 million, or $0.38 per basic and diluted share, for the three months ended September 30, 2023. For the nine months ended September 30, 2024, net income totaled $67.0 million, or $0.65 per basic and diluted share, compared to $101.1 million, or $1.35 per basic and diluted share, for the nine months ended September 30, 2023.
Neutral
GlobeNewsWire
3 months ago
Provident Bank Announces $88,000 in Grants to Nine New Jersey Non-Profit Organizations
Funding is provided through the bank's Community Partnership Program Funding is provided through the bank's Community Partnership Program
Positive
Seeking Alpha
4 months ago
Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks
Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.
Negative
Seeking Alpha
4 months ago
Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks
I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares the earnings growth, dividend yield, current valuation, and estimated future return of 53 stocks.
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