Provident Financial Services (NYSE:PFS – Get Free Report) posted its quarterly earnings results on Thursday. The savings and loans company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.39), Briefing.com reports. Provident Financial Services had a return on equity of 5.61% and a net margin of 9.38%. The company had revenue of $141.51 million during the quarter, compared to the consensus estimate of $148.60 million. During the same period in the previous year, the business earned $0.45 earnings per share. Provident Financial Services’s revenue was up 42.8% on a year-over-year basis.
Provident Financial Services Trading Up 2.4 %
Provident Financial Services stock traded up $0.45 during mid-day trading on Friday, reaching $19.01. 1,089,187 shares of the company traded hands, 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. Provident Financial Services has a 52-week low of $13.07 and a 52-week high of $19.62. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.88 and a beta of 1.03. The firm’s 50 day moving average price is $14.98 and its 200 day moving average price is $15.27.
Provident Financial Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.05%. The ex-dividend date is Friday, August 16th. Provident Financial Services’s dividend payout ratio (DPR) is currently 60.00%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research 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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