Provident Financial Services, Inc $PFS Stock Sold by State of Alaska Department of Revenue

Posted by George Bondi on Oct 24th, 2026

State of Alaska Department of Revenue cut its stake in Provident Financial Services, Inc (NYSE:PFS – Free Report) by 44.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,965 shares of the savings and loans company’s stock after selling 21,591 shares during the period. State of Alaska Department of Revenue’s holdings in Provident Financial Services were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC grew its holdings in shares of Provident Financial Services by 3.4% during the first quarter. Bleakley Financial Group LLC now owns 19,782 shares of the savings and loans company’s stock worth $419,000 after buying an additional 652 shares in the last quarter. GAMMA Investing LLC lifted its stake in Provident Financial Services by 26.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,230 shares of the savings and loans company’s stock valued at $72,000 after acquiring an additional 681 shares in the last quarter. Lazard Asset Management LLC boosted its position in Provident Financial Services by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 27,084 shares of the savings and loans company’s stock worth $573,000 after acquiring an additional 1,547 shares during the last quarter. Midwest Professional Planners LTD. boosted its position in Provident Financial Services by 7.5% during the 1st quarter. Midwest Professional Planners LTD. now owns 22,561 shares of the savings and loans company’s stock worth $477,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Provident Financial Services by 5.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,555 shares of the savings and loans company’s stock worth $689,000 after acquiring an additional 1,750 shares during the last quarter. 71.97% of the stock is currently owned by institutional investors.

Provident Financial Services Stock Up 0.5%

PFS stock traded up $0.12 during mid-day trading on Friday, reaching $23.24. The company had a trading volume of 840,621 shares, compared to its average volume of 851,728. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $23.04. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 9.69 and a beta of 0.83. Provident Financial Services, Inc has a 52 week low of $17.70 and a 52 week high of $25.49.

Provident Financial Services (NYSE:PFS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The savings and loans company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Provident Financial Services had a return on equity of 11.00% and a net margin of 22.15%. The firm had revenue of $234.96 million for the quarter, compared to analyst estimates of $225.57 million. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, equities analysts predict that Provident Financial Services, Inc will post 2.44 earnings per share for the current fiscal year.

Provident Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 14th. Provident Financial Services’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

PFS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $28.00 price objective (up from $26.00) on shares of Provident Financial Services in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Provident Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Raymond James Financial raised their target price on shares of Provident Financial Services from $25.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 1st. Hovde Group raised their target price on shares of Provident Financial Services from $26.50 to $28.50 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target (up from $26.00) on shares of Provident Financial Services in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Get Our Latest Stock Analysis on Provident Financial Services

Insider Activity

In related news, Director Thomas Shara sold 40,266 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $23.06, for a total value of $928,533.96. Following the completion of the sale, the director directly owned 382,911 shares in the company, valued at approximately $8,829,927.66. This trade represents a 9.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James A. Christy sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $23.36, for a total transaction of $70,080.00. Following the completion of the sale, the executive vice president owned 43,083 shares of the company’s stock, valued at $1,006,418.88. This trade represents a 6.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,166 shares of company stock valued at $1,856,284 in the last quarter. Company insiders own 3.02% of the company’s stock.

Provident Financial Services Company Profile

(Free Report)

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.