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 7,425 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
$22
34%
upside
Avg. target
$22
34%
upside
High target
$22
34%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 57% 1-year accuracy 16 / 28 met price target | 34%upside $22 | Outperform Maintained | 28 Apr 2025 |
Financial journalist opinion
Based on 7 articles about PFS published over the past 30 days
Neutral
Seeking Alpha
5 days ago
Provident Financial Services, Inc. (PFS) Q1 2025 Earnings Call Transcript
Provident Financial Services, Inc. (NYSE:PFS ) Q1 2025 Earnings Conference Call April 25, 2025 10:00 AM ET Company Participants Adriano Duarte - IR Officer Anthony Labozzetta - President & CEO Thomas Lyons - Senior Executive Vice President & CFO Conference Call Participants Tim Switzer - KBW Mark Fitzgibbon - Piper Sandler Feddie Strickland - Hovde Group Operator Thank you for standing by. My name is Kate, and I will be your conference operator today.
Positive
Zacks Investment Research
6 days ago
Provident Financial (PFS) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Provident Financial (PFS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
6 days ago
Provident Financial (PFS) Surpasses Q1 Earnings Estimates
Provident Financial (PFS) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.43 per share a year ago.
Neutral
GlobeNewsWire
6 days ago
Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
ISELIN, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $64.0 million, or $0.49 per basic and diluted share for the three months ended March 31, 2025, compared to $48.5 million, or $0.37 per basic and diluted share, for the three months ended December 31, 2024 and $32.1 million, or $0.43 per basic and diluted share, for the three months ended March 31, 2024. Net income for the three months ended March 31, 2025 was negatively impacted by a $2.7 million write-down on a foreclosed property, partially offset by a $624,000 profit on fixed asset sales related to the consolidation of three branches. While there were no transaction costs related to our merger with Lakeland Bancorp, Inc. (“Lakeland”) for the 2025 period, these costs totaled $20.2 million for the three months ended December 31, 2024 and $2.2 million for the three months ended March 31, 2024, respectively.
Positive
Zacks Investment Research
2 weeks 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
4 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
4 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
1 month 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.
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