What is DA Davidson's Estimate for PFS Q1 Earnings?

Provident Financial Services, Inc. (NYSE:PFS - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for Provident Financial Services in a research report issued on Friday, January 31st. DA Davidson analyst M. Navas forecasts that the savings and loans company will post earnings per share of $0.46 for the quarter. DA Davidson currently has a "Buy" rating and a $27.00 price target on the stock. The consensus estimate for Provident Financial Services' current full-year earnings is $2.09 per share.

A number of other brokerages have also weighed in on PFS. Hovde Group began coverage on Provident Financial Services in a research note on Friday, December 13th. They set an "outperform" rating and a $25.00 target price on the stock. StockNews.com downgraded Provident Financial Services from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Royal Bank of Canada decreased their price target on shares of Provident Financial Services from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Provident Financial Services Stock Performance

PFS stock traded up $0.45 during mid-day trading on Monday, hitting $19.55. 548,044 shares of the company were exchanged, compared to its average volume of 618,081. Provident Financial Services has a 1-year low of $13.07 and a 1-year high of $22.24. The stock has a market capitalization of $2.55 billion, a PE ratio of 18.61 and a beta of 1.07. The business has a 50 day simple moving average of $19.37 and a 200-day simple moving average of $19.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.95.

Provident Financial Services (NYSE:PFS - Get Free Report) last posted its earnings results on Tuesday, January 28th. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.13). Provident Financial Services had a return on equity of 5.60% and a net margin of 10.13%.

Provident Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 14th. Provident Financial Services's dividend payout ratio (DPR) is presently 91.43%.

Insider Buying and Selling

In related news, EVP James A. Christy sold 3,500 shares of Provident Financial Services stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $20.88, for a total transaction of $73,080.00. Following the sale, the executive vice president now directly owns 34,254 shares of the company's stock, valued at approximately $715,223.52. The trade was a 9.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is currently owned by company insiders.

Institutional Trading of Provident Financial Services

A number of hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in Provident Financial Services by 120.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,500 shares of the savings and loans company's stock worth $28,000 after acquiring an additional 820 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Provident Financial Services during the 4th quarter worth about $99,000. KBC Group NV grew its position in shares of Provident Financial Services by 40.7% in the 4th quarter. KBC Group NV now owns 6,387 shares of the savings and loans company's stock valued at $121,000 after buying an additional 1,848 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Provident Financial Services by 141.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,533 shares of the savings and loans company's stock valued at $142,000 after buying an additional 4,408 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Provident Financial Services by 1,779.7% in the third quarter. International Assets Investment Management LLC now owns 7,876 shares of the savings and loans company's stock worth $146,000 after acquiring an additional 7,457 shares during the period. 71.97% of the stock is owned by institutional investors and hedge funds.

About Provident Financial Services

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.