Provident Financial Services (PFS) Expected to Announce Earnings on Thursday

Provident Financial Services (NYSE:PFS - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect Provident Financial Services to post earnings of $0.47 per share and revenue of $206.86 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Provident Financial Services (NYSE:PFS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The savings and loans company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.13). Provident Financial Services had a net margin of 10.13% and a return on equity of 5.60%. On average, analysts expect Provident Financial Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Provident Financial Services Price Performance

Shares of PFS traded up $0.24 during trading hours on Friday, hitting $15.48. The stock had a trading volume of 1,286,712 shares, compared to its average volume of 849,220. Provident Financial Services has a 52 week low of $13.07 and a 52 week high of $22.24. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.74 and a beta of 0.84. The company's fifty day moving average is $16.95 and its two-hundred day moving average is $18.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 1.01.

Provident Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 14th. This represents a $0.96 annualized dividend and a yield of 6.20%. Provident Financial Services's dividend payout ratio is 91.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Provident Financial Services from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. StockNews.com upgraded Provident Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Provident Financial Services Company Profile

Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.