Provident Financial Services (NYSE:PFS – Get Free Report) announced its earnings results on Thursday. The savings and loans company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.39), Briefing.com reports. The company had revenue of $141.51 million during the quarter, compared to analyst estimates of $148.60 million. Provident Financial Services had a return on equity of 5.61% and a net margin of 9.38%. Provident Financial Services’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share.
Provident Financial Services Stock Performance
NYSE PFS traded up $0.45 during trading on Friday, reaching $19.01. 1,089,187 shares of the company’s stock were exchanged, compared to its average volume of 1,093,331. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day moving average price of $14.98 and a 200-day moving average price of $15.27. The stock has a market capitalization of $2.48 billion, a P/E ratio of 11.88 and a beta of 1.03. Provident Financial Services has a fifty-two week low of $13.07 and a fifty-two week high of $19.62.
Provident Financial Services Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.96 annualized dividend and a yield of 5.05%. Provident Financial Services’s dividend payout ratio (DPR) is currently 60.00%.
Analyst Ratings Changes
Get Our Latest Stock Report on PFS
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.
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