Provident Financial Services, Inc (PFS) To Go Ex-Dividend on August 14th

Provident Financial Services, Inc (NYSE:PFS) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be given a dividend of 0.24 per share by the savings and loans company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 14th.

Provident Financial Services has raised its dividend by an average of 0.0%annually over the last three years. Provident Financial Services has a dividend payout ratio of 42.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Provident Financial Services to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 37.9%.

Provident Financial Services Trading Down 0.8%

NYSE:PFS opened at $24.65 on Friday. The company has a market cap of $3.21 billion, a P/E ratio of 10.27 and a beta of 0.78. Provident Financial Services has a twelve month low of $17.61 and a twelve month high of $25.41. The business has a 50 day moving average price of $23.27 and a two-hundred day moving average price of $22.28. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.99.

Provident Financial Services (NYSE:PFS) last posted its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $234.96 million for the quarter, compared to the consensus estimate of $225.57 million. Provident Financial Services had a net margin of 22.15% and a return on equity of 11.00%. During the same period last year, the company earned $0.55 earnings per share. As a group, analysts expect that Provident Financial Services will post 2.36 EPS for the current fiscal year.

Provident Financial Services Company Profile

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.