Provident Financial Services, Inc (PFS) To Go Ex-Dividend on November 13th

Provident Financial Services, Inc (NYSE:PFS) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.24 per share by the savings and loans company on Friday, November 27th. This represents a $0.96 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, November 13th.

Provident Financial Services has a dividend payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Provident Financial Services to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 37.2%.

Provident Financial Services Stock Down 1.3%

Shares of NYSE PFS opened at $22.88 on Friday. Provident Financial Services has a 1 year low of $17.70 and a 1 year high of $25.49. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 9.61 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $22.88 and its 200-day simple moving average is $22.61.

Provident Financial Services (NYSE:PFS) last released its quarterly earnings results on Wednesday, October 28th. The savings and loans company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Provident Financial Services had a return on equity of 10.82% and a net margin of 21.73%. The business had revenue of $238.53 million for the quarter, compared to analysts’ expectations of $235.31 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities analysts anticipate that Provident Financial Services will post 2.44 earnings per share for the current fiscal year.

More Provident Financial Services News

Here are the key news stories impacting Provident Financial Services this week:

• Positive Sentiment: Operating performance was stronger than expected. PFS reported third-quarter revenue of approximately $238.5 million, above the roughly $235.3 million consensus estimate. Reported EPS of $0.65 also exceeded the $0.61 analyst estimate cited in the company’s earnings coverage, while EPS improved from $0.55 in the year-ago quarter. Provident Financial Services Q3 revenue report
• Positive Sentiment: Core banking trends remained encouraging. Coverage highlighted record net interest income, record revenue and a loan pipeline of approximately $3 billion, suggesting continued growth potential for lending and interest-related income. Provident Financial Services Q3 earnings and loan pipeline
• Positive Sentiment: The quarterly dividend was maintained. The board declared a $0.24-per-share cash dividend payable November 27 to shareholders of record November 13. The annualized payout is $0.96 per share, representing a yield of about 4.2% based on the supplied trading information. Provident Financial Services dividend announcement
• Neutral Sentiment: Analysts may focus on the quality of earnings. Reports describe solid core results, but earnings coverage uses differing EPS figures—including $0.53 versus a $0.60 estimate in one analysis—likely reflecting adjustments or one-time items. Investors will look to management commentary for clarification on recurring profitability.
• Negative Sentiment: One-time charges offset some of the headline strength. The record revenue was reportedly partly offset by nonrecurring expenses, which could raise concerns about near-term margins and the sustainability of reported earnings. Provident Financial Services record revenue and one-time charges

Provident Financial Services Company Profile

Provident Financial Services, Inc is the parent company of Provident Bank, a full-service community and commercial bank serving individuals, businesses and organizations. The bank provides checking and savings accounts, certificates of deposit, treasury management and other deposit products, along with residential mortgage, commercial real estate, commercial business and consumer lending.

Through its banking and wealth-management operations, Provident offers services that may include investment management, trust and fiduciary services, financial planning and insurance solutions.