MARKET COMPOSITE
PFS - Provident Financial Services Inc8:00:02 PM 5/28/2024
Price
$14.57
-0.44 (-2.93%)
Provident Financial Services, Inc. is the holding company for Provident Bank. Established in 1839, Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of businesses, individuals and families in New Jersey and eastern Pennsylvania. The bank offers a broad array of deposit, loan, and investment products as well as trust, fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company. It is the oldest community bank in New Jersey.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue16.3MM+19%
Operating Income43MM+8%
Operating Expenses71.3MM-4%
Net Income32.1MM+17%
Compensation40MM+3%
Amortization705K-2%
Interest Expense70.2MM+3%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    Strategic acquisition of Lakeland Bancorp, high rates, modest loan demand and robust balance sheet will keep supporting Provident Financial (PFS). This makes PFS stock an attractive pick.

    Provident Financial (PFS) completes its previously announced merger with Lakeland Bancorp to form a super-community bank in New Jersey.

    Combines the Best of Two Highly Regarded Banks to Create the Premier Super Community Bank in the Region Company Names New Board Members and Executive Leadership Team ISELIN, N.J., May 16, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE: PFS) (“Provident”) announced today that its merger with Lakeland Bancorp, Inc. (“Lakeland”) was completed, creating the premier super community banking franchise in the region. The merger of Lakeland Bank with and into Provident Bank has also be

    ISELIN, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the completion of its offering and sale of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”). The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $219.3 million.

    ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the pricing of its offering of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 9.00% per annum, with interest payable semiannually in arrears, commencing on the issue date, to, but exclu

    ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of subordinated notes due 2034 (the “Notes”) in a registered public offering, (the “Offering”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The purpose of the Offering is to satisfy

    Zacks Savings and Loan industry players like PFS, RVSB and WSFS are poised to tide through a potential recession and waning loan demand on digital ramp-ups and inorganic efforts.

    Following a week of significant losses, the U.S. stock market has shown signs of resilience, with stocks rebounding as investors focus on upcoming mega-cap earnings reports. This shifting landscape underscores the importance of stable investments like high-yielding dividend stocks, which can offer consistent returns in fluctuating markets.

    Provident Bank Donates Original Bank Ledgers Dating Back to 1839 to the Jersey City Free Public Library Left to right: Anthony Ramella, First Vice President/Team Leader, Treasury Management Sales , Provident Bank; Margaret Doman, Board Member, Co-Chair, Communication & Outreach Committee, The Jersey City Free Public Library; Keith Buscio, First Vice President/Director, Public Relations & Communications, Provident Bank. Provident Bank Donates Original Bank Ledgers Dating Back to 1839 to the Jerse

    Provident Bank Donates Original Bank Ledgers Dating Back to 1839 to the Jersey City Free Public Library Left to right: Anthony Ramella, First Vice President/Team Leader, Treasury Management Sales , Provident Bank; Margaret Doman, Board Member, Co-Chair, Communication & Outreach Committee, The Jersey City Free Public Library; Keith Buscio, First Vice President/Director, Public Relations & Communications, Provident Bank. Provident Bank Donates Original Bank Ledgers Dating Back to 1839 to the Jerse