Provident Financial Services, Inc (NYSE:PFS) Receives Average Rating of “Moderate Buy” from Brokerages

Posted by Brian Himes on Aug 25th, 2026

Shares of Provident Financial Services, Inc (NYSE:PFS – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $26.7857.

A number of equities analysts have recently issued reports on PFS shares. Raymond James Financial raised their price target on Provident Financial Services from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 1st. Stephens started coverage on Provident Financial Services in a research report on Monday, June 8th. They issued an “equal weight” rating and a $24.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $29.00 price target (up from $26.00) on shares of Provident Financial Services in a research report on Friday, July 31st. Hovde Group raised their price objective on shares of Provident Financial Services from $26.50 to $28.50 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Provident Financial Services in a report on Wednesday, July 29th.

Get Our Latest Stock Report on Provident Financial Services

Insider Activity at Provident Financial Services

In related news, EVP Vito Giannola sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $24.36, for a total value of $487,200.00. Following the transaction, the executive vice president directly owned 56,424 shares of the company’s stock, valued at approximately $1,374,488.64. This trade represents a 26.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.02% of the stock is owned by company insiders.

Institutional Trading of Provident Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Provident Financial Services by 358.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,548 shares of the savings and loans company’s stock worth $27,000 after buying an additional 1,210 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Provident Financial Services during the 4th quarter valued at approximately $33,000. Nykredit A S purchased a new stake in Provident Financial Services in the 2nd quarter worth approximately $55,000. Danske Bank A S purchased a new stake in Provident Financial Services in the 3rd quarter worth approximately $58,000. Finally, First Bancorp Inc ME purchased a new stake in Provident Financial Services in the 2nd quarter worth approximately $86,000. Hedge funds and other institutional investors own 71.97% of the company’s stock.

Provident Financial Services Trading Down 0.5%

Shares of NYSE:PFS opened at $23.59 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.03 and a quick ratio of 1.03. Provident Financial Services has a 1 year low of $17.69 and a 1 year high of $25.49. The company has a market cap of $3.08 billion, a P/E ratio of 9.83 and a beta of 0.78. The stock’s fifty day moving average price is $23.91 and its 200-day moving average price is $22.69.

Provident Financial Services (NYSE:PFS – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The savings and loans company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Provident Financial Services had a net margin of 22.15% and a return on equity of 11.00%. The company had revenue of $234.96 million for the quarter, compared to the consensus estimate of $225.57 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Sell-side analysts expect that Provident Financial Services will post 2.41 earnings per share for the current year.

Provident Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.1%. Provident Financial Services’s payout ratio is presently 40.00%.

About Provident Financial Services

(Get Free Report)

Provident Financial Services, Inc is the bank holding company for Provident Bank, a regional commercial bank headquartered in Jersey City, New Jersey. The company operates a network of full-service branches across New Jersey, the New York metropolitan area and eastern Pennsylvania, offering a range of personal and business banking solutions.

Its core products and services include checking and savings accounts, consumer and residential mortgage loans, commercial real estate financing and small-business lending.