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Last $19.03 USD
Change Today -0.32 / -1.65%
Volume 83.6K
PFS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

provident financial services (PFS) Snapshot

Open
$19.38
Previous Close
$19.35
Day High
$19.38
Day Low
$18.97
52 Week High
06/26/15 - $19.67
52 Week Low
10/10/14 - $16.13
Market Cap
1.2B
Average Volume 10 Days
193.4K
EPS TTM
$1.30
Shares Outstanding
65.6M
EX-Date
05/13/15
P/E TM
14.6x
Dividend
$0.64
Dividend Yield
3.26%
Current Stock Chart for PROVIDENT FINANCIAL SERVICES (PFS)

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provident financial services (PFS) Details

Provident Financial Services, Inc. operates as the holding company for The Provident Bank, which provides banking services to individuals, families, and businesses in New Jersey. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificates of deposit accounts, as well as IRA and KEOGH accounts. The company’s loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one-to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides trust and estate administrative services; and asset management services comprising investment management, asset allocation, trust and fiduciary, financial planning, family office, estate settlement, and custody services to individuals, municipalities, non-profits, corporations, and pension funds. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; invests in real estate development joint ventures principally targeted to meet the housing needs of low and moderate-income communities; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2014, the company operated 86 full-service branch offices in northern and central New Jersey. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

912 Employees
Last Reported Date: 03/2/15
Founded in 1839

provident financial services (PFS) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $639.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $364.6K
Executive Vice President, General Counsel, Co...
Total Annual Compensation: $324.7K
Chief Lending Officer of Provident Bank and E...
Total Annual Compensation: $324.7K
Chief Wealth Management Officer of Provident ...
Total Annual Compensation: $286.7K
Compensation as of Fiscal Year 2014.

provident financial services (PFS) Key Developments

Provident Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2015; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015; Provides Effective Tax Rate Guidance for the Full Year of 2015

Provident Financial Services, Inc. board of directors declared a quarterly cash dividend of $0.16 per common share payable on May 29, 2015, to stockholders of record as of the close of business on May 15, 2015. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income was $72,231,000 compared to $64,523,000 a year ago. Net interest income was $61,928,000 compared to $55,201,000 a year ago. The improvement in net interest income was due to growth in average loans outstanding from both loans acquired from Team Capital and organic originations, and an increase in average non-interest bearing demand deposits, partially offset by year-over-year compression in the net interest margin. Total interest income was $72,231,000 compared to $64,523,000 a year ago. Net interest income after provision for loan losses was $61,328,000 compared to $54,801,000 a year ago. Income before income tax expense was $28,194,000 compared to $24,727,000 a year ago. Net income was $19,802,000 compared to $17,029,000 a year ago. Diluted earnings per share were $0.32 compared to $0.30 a year ago. Annualized return on average assets as at March 31, 2015 was 0.94% compared to 0.92% a year ago. Annualized return on average equity as at March 31, 2015 was 6.94% compared to 6.74% a year ago. Book value per share as at March 31, 2015 was $17.76 compared to $17.06 a year ago. Tangible book value per share as at March 31, 2015 was $11.57 compared to $11.11 a year ago. Annualized return on average tangible equity as at March 31, 2015 was 10.67% compared to 10.34% a year ago. For the three months ended March 31, 2015, the Company had net charge-offs of $1.2 million, compared with net charge-offs of $1.6 million for the same period in 2014. The company currently projects an effective tax rate of approximately 30% for the remainder of 2015.

Provident Financial Services, Inc. to Report Q1, 2015 Results on Apr 24, 2015

Provident Financial Services, Inc. announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on Apr 24, 2015

Provident Financial Services, Inc., Q1 2015 Earnings Call, Apr 24, 2015

Provident Financial Services, Inc., Q1 2015 Earnings Call, Apr 24, 2015

 

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PFS:US $19.03 USD -0.32

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Industry Analysis

PFS

Industry Average

Valuation PFS Industry Range
Price/Earnings 15.7x
Price/Sales 4.3x
Price/Book 1.0x
Price/Cash Flow 16.6x
TEV/Sales NM Not Meaningful
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