Provident Financial Services (NYSE:PFS) Issues Earnings Results
Provident Financial Services (NYSE:PFS) released its quarterly earnings results on Friday. The savings and loans company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.09), Briefing.com reports. Provident Financial Services had a net margin of 28.66% and a return on equity of 9.03%. The firm had revenue of $92.39 million during the quarter, compared to analyst estimates of $91.04 million. During the same quarter last year, the firm earned $0.30 earnings per share.
Shares of PFS stock opened at $23.86 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. The business’s 50 day moving average is $24.15. Provident Financial Services has a 1 year low of $22.22 and a 1 year high of $27.94.
In related news, Director Carlos Hernandez sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $23.52, for a total transaction of $70,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Giovinazzi sold 7,964 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $24.10, for a total transaction of $191,932.40. Following the sale, the executive vice president now directly owns 102,528 shares of the company’s stock, valued at $2,470,924.80. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
About Provident Financial Services
Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA, and KEOGH products.
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