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 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
4,078% more call options, than puts
Call options by funds: $376K | Put options by funds: $9K
52% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 21
33% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 72
3% more funds holding
Funds holding: 247 [Q3] → 254 (+7) [Q4]
3% more capital invested
Capital invested by funds: $1.64B [Q3] → $1.68B (+$41.6M) [Q4]
0.6% more ownership
Funds ownership: 67.68% [Q3] → 68.27% (+0.6%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$23
48%
upside
Avg. target
$23
48%
upside
High target
$23
48%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Jon Arfstrom 42% 1-year accuracy 16 / 38 met price target | 48%upside $23 | Outperform Maintained | 30 Jan 2025 |
Financial journalist opinion
Based on 4 articles about PFS published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Provident Financial (PFS) Soars 6.1%: Is Further Upside Left in the Stock?
Provident Financial (PFS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
GlobeNewsWire
2 weeks ago
Provident Bank Elevates Tara Brady to Chief Experience Officer to Drive Customer Experience and Brand Growth
ISELIN, N.J., April 02, 2025 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Tara Brady has been promoted to Senior Vice President, Chief Experience Officer (CXO), responsible for leading the bank's marketing and customer experience strategies, and ensuring seamless, customer-centric engagement across the organization. Ms. Brady will also focus on fostering deep collaboration and synergy between customer experience and employee experience. Since joining Provident, Ms. Brady has been instrumental in centralizing and enhancing the experience for customers. Her new role expands this work in support of the bank's growth throughout the region.
Neutral
GlobeNewsWire
2 weeks ago
Provident Financial Services, Inc. Schedules First Quarter Earnings Conference Call
ISELIN, N.J., April 01, 2025 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended March 31, 2025 on Thursday, April 24, 2025 after market close.
Neutral
GlobeNewsWire
3 weeks ago
Provident Bank Announces $950,000 in NRTC Funding Awards to Ten New Jersey Non-Profit Organizations
ISELIN, N.J., March 25, 2025 (GLOBE NEWSWIRE) -- Provident Bank , a leading New Jersey-based financial institution, announced today that the bank has awarded $950,000 in funding to ten non-profit organizations as part of the New Jersey Department of Community Affairs, Neighborhood Revitalization Tax Credit (NRTC) Program for fiscal year 2025.
Positive
Seeking Alpha
2 months ago
Provident Financial Services: Reported Earnings Could Almost Double In 2025
Provident Financial Services is a U.S. regional bank focused on mortgage lending in New Jersey, Pennsylvania, and New York. The bank's Q4 2024 results reflected the final costs of the merger with Lakeland Bancorp. Looking ahead to 2025, the bank expects no additional merger costs and a stable net interest margin.
Neutral
GlobeNewsWire
2 months ago
Provident Bank Strengthens Executive Leadership Team, Welcoming Chief Lending Officer to Advance Commercial Banking and Lending Strategy
ISELIN, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.
Neutral
Seeking Alpha
2 months ago
Provident Financial Services, Inc. (PFS) Q4 2024 Earnings Call Transcript
Provident Financial Services, Inc. (NYSE:PFS ) Q4 2024 Results Conference Call January 29, 2025 10:00 AM ET Company Participants Adriano Duarte - Head & Investor Relations Officer Tony Labozzetta - President and Chief Executive Officer Tom Lyons - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Billy Young - RBC Capital Markets Tim Switzer - KBW Feddie Strickland - Hovde Group Manuel Navas - D.A. Davidson Operator Good morning, and welcome everyone to the Provident Financial Services, Inc. Fourth Quarter Earnings Conference Call.
Positive
Zacks Investment Research
2 months ago
Provident Financial (PFS) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Provident Financial (PFS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
2 months ago
Provident Financial (PFS) Q4 Earnings and Revenues Miss Estimates
Provident Financial (PFS) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.36 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Provident Financial Services, Inc. Announces Fourth Quarter and Full Year Earnings, Declaration of Quarterly Cash Dividend and Annual Meeting Date
ISELIN, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $48.5 million, or $0.37 per basic and diluted share for the three months ended December 31, 2024, compared to $46.4 million, or $0.36 per basic and diluted share, for the three months ended September 30, 2024 and $27.3 million, or $0.36 per basic and diluted share, for the three months ended December 31, 2023. For the year ended December 31, 2024, net income totaled $115.5 million, or $1.05 per basic and diluted share, compared to $128.4 million, or $1.72 per basic and $1.71 per diluted share, for the year ended December 31, 2023.
Charts implemented using Lightweight Charts™