Provident Financial Services, Inc $PFS Shares Bought by Bridgeway Capital Management LLC

Posted by Francis Steltz on Jun 18th, 2026

Bridgeway Capital Management LLC grew its position in Provident Financial Services, Inc (NYSE:PFS – Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 896,079 shares of the savings and loans company’s stock after buying an additional 171,103 shares during the period. Bridgeway Capital Management LLC’s holdings in Provident Financial Services were worth $17,698,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PFS. Assenagon Asset Management S.A. grew its stake in shares of Provident Financial Services by 2,957.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 787,172 shares of the savings and loans company’s stock valued at $15,547,000 after buying an additional 761,427 shares during the period. American Century Companies Inc. grew its stake in shares of Provident Financial Services by 40.4% in the 3rd quarter. American Century Companies Inc. now owns 2,308,774 shares of the savings and loans company’s stock valued at $44,513,000 after buying an additional 664,021 shares during the period. Wellington Management Group LLP grew its position in Provident Financial Services by 10.0% in the third quarter. Wellington Management Group LLP now owns 6,359,098 shares of the savings and loans company’s stock worth $122,603,000 after acquiring an additional 576,673 shares during the period. Goldman Sachs Group Inc. increased its stake in Provident Financial Services by 38.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,239,628 shares of the savings and loans company’s stock worth $24,483,000 after acquiring an additional 342,301 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Provident Financial Services by 251.3% during the second quarter. AQR Capital Management LLC now owns 413,107 shares of the savings and loans company’s stock worth $7,242,000 after acquiring an additional 295,521 shares during the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

Provident Financial Services Stock Performance

NYSE:PFS opened at $22.56 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $2.94 billion, a P/E ratio of 9.60 and a beta of 0.78. The company has a 50 day moving average price of $22.37 and a 200 day moving average price of $21.52. Provident Financial Services, Inc has a fifty-two week low of $15.92 and a fifty-two week high of $23.98.

Provident Financial Services (NYSE:PFS – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. Provident Financial Services had a return on equity of 10.98% and a net margin of 21.95%.The business had revenue of $225.20 million during the quarter, compared to analyst estimates of $225.62 million. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Provident Financial Services, Inc will post 2.36 EPS for the current year.

Provident Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, May 15th. Provident Financial Services’s dividend payout ratio (DPR) is currently 40.85%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PFS shares. Weiss Ratings raised Provident Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Stephens assumed coverage on Provident Financial Services in a research note on Monday, June 8th. They set an “equal weight” rating and a $24.00 target price for the company. DA Davidson restated a “neutral” rating and issued a $23.00 price objective on shares of Provident Financial Services in a report on Friday, May 1st. Piper Sandler assumed coverage on shares of Provident Financial Services in a report on Monday, March 16th. They issued an “overweight” rating and a $25.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Provident Financial Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.93.

Check Out Our Latest Stock Analysis on PFS

Insider Activity at Provident Financial Services

In other news, CEO George Lista sold 2,556 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $22.40, for a total transaction of $57,254.40. Following the completion of the transaction, the chief executive officer directly owned 109,262 shares in the company, valued at $2,447,468.80. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.02% of the stock is currently owned by corporate insiders.

Provident Financial Services Company Profile

(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.