Provident Financial Services, Inc. (PFS)

In the past six months, Provident Financial Services, Inc. experienced several stock-related events. The company's last reported earnings led to a slight stock decline, followed by an overall increase. Provident Bank announced grant programs focused on local nonprofits and food insecurity. The CEO sold a portion of his shares. New hires and promotions were announced, emphasizing technology, data, and commercial real estate. The company scheduled its Fourth Quarter and Year-End Earnings Conference Call. The annual Economic Outlook Survey indicated a shift towards active investment by business owners, positively impacting the stock. Provident Bank staff raised funds for nonprofits. Analyst ratings from Zacks Research and DA Davidson were downgraded to "hold," while Weiss Ratings reaffirmed a "hold" rating.

Specific demand seasonality for Provident Financial Services' products is not explicitly detailed. Demand is influenced by economic cycles, interest rate fluctuations, and regional business activity. The company's economic outlook survey indicated a potential increase in demand for business loans. The banking sector generally experiences some seasonality related to tax seasons, holiday spending, and real estate market cycles.

Provident Financial Services, Inc. is a bank holding company for Provident Bank, a regional commercial bank founded in 1839 and based in Jersey City, New Jersey, operating in the financial services sector, specifically regional banking. It offers a range of banking products and services to individuals, families, and businesses, including deposit accounts, commercial real estate loans, business loans, mortgage loans, construction loans, and consumer loans. The company also provides cash management, online and mobile banking, and business credit cards. Through subsidiaries, it offers wealth management, insurance, and real estate management services.

Provident Financial Services, Inc. serves customers across New Jersey, the New York metropolitan area, and eastern Pennsylvania, operating over 140 full-service branches. Its regional presence was strengthened by a merger with Lakeland Bancorp in May 2024.

Provident Financial Services has maintained a positive brand reputation through community engagement and strategic growth. Provident Bank has consistently announced grant programs and initiatives to address local needs. Provident Protection Plus was named a Top Performing Insurance Agency in the U.S. for the third consecutive year. The merger with Lakeland Bancorp has enhanced market reach and competitive position. The bank's annual Economic Outlook Survey showcased its role as a key partner for regional businesses. The banking industry faces ongoing scrutiny regarding interest rate environments and deposit competition.

Provident Financial Services, Inc. has 558 institutional owners and shareholders holding 115,874,626 shares, representing approximately 70.72% of the company. Individual insiders own 6.35%, and retail investors own 22.93%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors LP. The largest individual shareholder is Christopher P. Martin. Other individual insiders have primarily sold shares in the past three months.