Provident Financial Services, Inc $PFS Stock Holdings Lessened by State of Alaska Department of Revenue

24 Oct 2026, 14:17 by Danessa Lincoln · The Markets Daily

State of Alaska Department of Revenue decreased its stake in shares of Provident Financial Services, Inc (NYSE:PFS – Free Report) by 44.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,965 shares of the savings and loans company’s stock after selling 21,591 shares during the quarter. State of Alaska Department of Revenue’s holdings in Provident Financial Services were worth $596,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sax Wealth Advisors LLC acquired a new stake in Provident Financial Services during the third quarter worth approximately $1,358,000. Sound Income Strategies LLC boosted its holdings in shares of Provident Financial Services by 2.3% during the third quarter. Sound Income Strategies LLC now owns 582,875 shares of the savings and loans company’s stock worth $12,951,000 after acquiring an additional 12,968 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Provident Financial Services by 26.7% during the third quarter. GAMMA Investing LLC now owns 3,230 shares of the savings and loans company’s stock worth $72,000 after acquiring an additional 681 shares during the period. Baker Tilly Wealth Management LLC acquired a new position in shares of Provident Financial Services in the third quarter valued at approximately $332,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Provident Financial Services by 11.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,706 shares of the savings and loans company’s stock valued at $489,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

Provident Financial Services Price Performance

NYSE PFS traded up $0.12 during midday trading on Friday, hitting $23.24. The company had a trading volume of 840,621 shares, compared to its average volume of 851,728. The firm has a 50-day moving average price of $22.97 and a 200-day moving average price of $23.04. The company has a market capitalization of $3.03 billion, a PE ratio of 9.69 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.99. Provident Financial Services, Inc has a twelve month low of $17.70 and a twelve month high of $25.49.

Provident Financial Services (NYSE:PFS – Get Free Report) last released its earnings results on Thursday, July 30th. The savings and loans company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $234.96 million for the quarter, compared to analyst estimates of $225.57 million. Provident Financial Services had a return on equity of 11.00% and a net margin of 22.15%. During the same period in the prior year, the firm posted $0.55 EPS. As a group, analysts anticipate that Provident Financial Services, Inc will post 2.44 earnings per share for the current fiscal year.

Provident Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 14th. Provident Financial Services’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling at Provident Financial Services

In other Provident Financial Services news, EVP Vito Giannola sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $24.36, for a total value of $487,200.00. Following the transaction, the executive vice president directly owned 56,424 shares of the company’s stock, valued at $1,374,488.64. This trade represents a 26.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Shara sold 40,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $23.06, for a total transaction of $928,533.96. Following the completion of the transaction, the director owned 382,911 shares of the company’s stock, valued at $8,829,927.66. The trade was a 9.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,166 shares of company stock valued at $1,856,284 in the last ninety days. 3.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PFS shares. Piper Sandler restated an “overweight” rating and issued a $29.00 price target (up from $26.00) on shares of Provident Financial Services in a research note on Friday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of Provident Financial Services in a research report on Monday, August 3rd. Raymond James Financial lifted their target price on Provident Financial Services from $25.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of Provident Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, DA Davidson set a $26.00 target price on shares of Provident Financial Services in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.79.

Check Out Our Latest Research Report on Provident Financial Services

Provident Financial Services Company Profile

(Free Report)

Provident Financial Services, Inc is the parent company of Provident Bank, a full-service community and commercial bank serving individuals, businesses and organizations. The bank provides checking and savings accounts, certificates of deposit, treasury management and other deposit products, along with residential mortgage, commercial real estate, commercial business and consumer lending.