Provident Financial Services (NYSE:PFS) released its results on Friday. The savings and loans company reported EPS of $0.49 for the quarter, beating Thomson Reuters consensus estimate of $0.47 by $0.02, MarketWatch Earnings reports. Provident Financial Services recorded a return on equity of 10.34% and a net margin of 35.12%. In the same period a year earlier, the company posted earnings per share of $0.53.
PFS stock traded at $0.09 at midday on Friday, hitting $23.68. 26,952 shares of the company were traded, against an average volume of 274,863. The stock has a market capitalization of $1.83 billion, a price-earnings ratio of 10.54 and a beta of 0.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt ratio of 0.41. Provident Financial Services has a fifty-two week minimum of $17.57 and a fifty-two week maximum of $26.20. The company’s 50-day moving average price is $24.47 and its 200-day moving average price is $23.57.
The company also recently declared a quarterly dividend, which was paid on Friday, November 26. Shareholders of record on Friday, November 12 received a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 10. This represents a dividend of $0.96 on an annualized basis and a yield of 4.05%. This is an increase from Provident Financial Services’ previous quarterly dividend of $0.23. Provident Financial Services payout ratio is 43.05%.
A hedge fund recently increased its stake in shares of Provident Financial Services. Royal Bank of Canada increased its holdings in Provident Financial Services, Inc. (NYSE:PFS) by 5.0% during the third quarter, according to its latest 13F filing with the Securities & Exchange Commission. The fund held 24,644 shares in the savings and loan company after buying an additional 1,173 shares during the period. Royal Bank of Canada’s holdings in Provident Financial Services were worth $578,000 at the end of the most recent reporting period. Institutional investors hold 61.61% of the company’s shares.
Separately, Zacks Investment Research downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a Thursday, Jan. 6 research note.
Provident financial services company profile
Provident Financial Services, Inc. is a holding company that provides personal and business banking services in northern and central New Jersey and eastern Pennsylvania. The company was founded on January 15, 2003 and is based in Jersey City, NJ.
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