established in 1839, provident bank has a strong history of service and stability. as we expanded, our capabilities grew to rival larger regional and national banks. however, our advantage over those larger banks is that we have also maintained our commitment to providing personal service. we serve individual and commercial customers with a wide scope of products and services. from personal checking to commercial loans, each account comes with individual attention from a provident banker. provident bank is the wholly owned subsidiary of provident financial services, inc. (nyse:pfs) and serves its customers through an extensive network of more than 80 branches throughout new jersey and pennsylvania and telephone and online banking systems. member fdic

Company profile
Ticker
PFS
Exchange
CEO
Christopher Martin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
421547151
PFS stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Provident Financial Services, Inc. Announces Second Quarter Earnings
28 Jul 23
10-Q
2023 Q1
Quarterly report
10 May 23
8-K
Submission of Matters to a Vote of Security Holders
1 May 23
8-K
Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend
28 Apr 23
8-K
Departure of Directors or Certain Officers
4 Apr 23
ARS
2022 FY
Annual report to shareholders
17 Mar 23
DEFA14A
Additional proxy soliciting materials
17 Mar 23
DEF 14A
Definitive proxy
17 Mar 23
10-K
2022 FY
Annual report
1 Mar 23
Transcripts
PFS
Earnings call transcript
2023 Q1
28 Apr 23
PFS
Earnings call transcript
2022 Q3
28 Oct 22
PFS
Earnings call transcript
2022 Q2
29 Jul 22
PFS
Earnings call transcript
2022 Q1
29 Apr 22
PFS
Earnings call transcript
2021 Q4
28 Jan 22
PFS
Earnings call transcript
2022 Q4
27 Jan 22
PFS
Earnings call transcript
2021 Q3
30 Oct 21
PFS
Earnings call transcript
2021 Q2
31 Jul 21
PFS
Earnings call transcript
2021 Q1
1 May 21
PFS
Earnings call transcript
2020 Q4
29 Jan 21
Latest ownership filings
4
Walter Sierotko
15 Sep 23
4
James P Dunigan
13 Sep 23
4
FRANK L FEKETE
16 Aug 23
3
Bennett MacDougall
2 Aug 23
11-K/A
Annual report of employee stock purchases (amended)
30 Jun 23
11-K
Annual report of employee stock purchases
29 Jun 23
4
ANTHONY J LABOZZETTA
10 May 23
4
Robert McNerney
5 May 23
4
James P Dunigan
5 May 23
4
Terence Gallagher
5 May 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 208.87 mm | 208.87 mm | 208.87 mm | 208.87 mm | 208.87 mm | 208.87 mm |
Cash burn (monthly) | 8.33 mm | 5.72 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 24.47 mm | 16.81 mm | n/a | n/a | n/a | n/a |
Cash remaining | 184.41 mm | 192.06 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 22.1 | 33.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
72.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 182 |
Opened positions | 25 |
Closed positions | 31 |
Increased positions | 58 |
Reduced positions | 67 |
13F shares | Current |
---|---|
Total value | 885.32 bn |
Total shares | 54.61 mm |
Total puts | 12.20 k |
Total calls | 8.80 k |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 11.06 mm | $180.80 bn |
Vanguard | 8.67 mm | $141.73 bn |
Dimensional Fund Advisors | 5.61 mm | $91.74 bn |
STT State Street | 4.09 mm | $66.77 bn |
American Century Companies | 2.19 mm | $35.83 bn |
WHG Westwood | 1.80 mm | $29.41 bn |
PFG Principal Financial Group Inc - Registered Shares | 1.72 mm | $28.13 bn |
Millennium Management | 1.63 mm | $26.56 bn |
Geode Capital Management | 1.46 mm | $23.89 bn |
BK Bank Of New York Mellon | 1.01 mm | $16.55 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.69 | 271 | 4.25 k | 14,100 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.685 | 100 | 1.57 k | 13,829 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.68 | 1,286 | 20.16 k | 13,729 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.6799 | 300 | 4.70 k | 12,443 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.675 | 126 | 1.98 k | 12,143 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.67 | 643 | 10.08 k | 12,017 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.665 | 149 | 2.33 k | 11,374 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.66 | 700 | 10.96 k | 11,225 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.655 | 801 | 12.54 k | 10,525 |
13 Sep 23 | Walter Sierotko | Common Stock | Buy | Acquire P | Yes | No | 15.65 | 313 | 4.90 k | 9,724 |
News
Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2023
22 Aug 23
Piper Sandler Upgrades Provident Finl Servs to Overweight, Announces $20 Price Target
22 Aug 23
RBC Capital Maintains Outperform on Provident Finl Servs, Raises Price Target to $22
31 Jul 23
Provident Finl Servs Q2 EPS $0.43 Misses $0.44 Estimate, Sales $118.49M Beat $114.13M Estimate
28 Jul 23
Earnings Scheduled For July 27, 2023
27 Jul 23
Press releases
Nationwide Survey Finds 85% of Americans Say Rising Wedding Expenses Will Impact Financial Well-Being
12 Sep 23
Provident Financial Services, Inc. Announces Second Quarter Earnings and Declares Quarterly Cash Dividend
27 Jul 23
Provident Bank Announces $950,000 in NRTC Funding Awards to Ten New Jersey Non-Profit Organizations
17 Jul 23
Provident Financial Services, Inc. Schedules Second Quarter Earnings Conference Call
3 Jul 23