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PFS · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Provident Financial Services, Inc. (PFS) stock moving?
PFS closed at $23.15 on Nov 10, inside a roughly $22.5 to $24.1 range over the last 30 trading days. Q3 2026 earnings per share of $0.53 missed the $0.60 estimate, although sales of $208.0M beat the $205.9M estimate and net income reached $69.2M. The board kept the quarterly dividend at $0.24 (about a 4.1% annualized yield at $23.15), with a Nov 13 record date. A shelf prospectus filed Nov 2 with an undisclosed size adds possible dilution risk. The stock spiked to $23.55 on 1.28M shares that day, then reversed from a $24.06 high on Nov 5 to close at $22.94 on 1.10M shares. Volume faded to 655K shares on Nov 10. The remaining news, a Beacon Trust hire and $83K in grants, is routine. The 10-Q filed Nov 6 was listed but its content was not provided. No clear new catalyst is visible, and the price has held near $23 since late October.
News behind the analysis
- Tristan Harding Joins Beacon Trust as Managing Director, Head of Relationship Management and GrowthBeacon Trust, a wealth management subsidiary of Provident Financial Services, appointed Tristan Harding as Managing Director, Head of Relationship Management and Growth.
- Provident Bank Announces $83,000 in Grants to Ten New Jersey Non-Profit OrganizationsProvident Bank awarded $83,000 in grants to ten non-profits through its Community Development Partnership Program.
- Provident Financial Services Files Shelf Prospectus For Offering; Size Not DisclosedProvident Financial Services filed a shelf prospectus for a possible securities offering, with the offering size not disclosed.
- Provident Financial Services, Inc. Declares Quarterly Cash DividendThe board declared a quarterly cash dividend of $0.24 per share, payable Nov 27 to holders of record on Nov 13.
- Provident Finl Servs Q3 2026 Earnings Call TranscriptTranscript of the third-quarter 2026 earnings call, held after results were reported on Oct 28.
- Provident Financial Services, Inc. Reports Third Quarter 2026 Financial ResultsProvident reported net income of $69.2 million for the quarter ended Sept 30, 2026.
- Provident Finl Servs Q3 EPS $0.53 Misses $0.60 Estimate, Sales $208.008M Beat $205.857M EstimateQ3 earnings per share of $0.53 fell short of the $0.60 estimate, while sales of $208.008M beat the $205.857M estimate.
About Provident Financial Services, Inc.
Provident Financial Services is the holding company for Provident Bank, a community bank based in Iselin, New Jersey, that dates back to 1839 and has branches across New Jersey, eastern Pennsylvania and parts of New York (Orange, Queens and Nassau counties). It grew a lot when it bought Lakeland Bancorp in 2024, and besides banking it runs a wealth management arm (Beacon Trust) and an insurance agency (Provident Protection Plus).
How it makes money
Most of its money is net interest income, meaning the gap between what it earns on loans (mostly commercial real estate and business loans) and securities and what it pays depositors. In Q3 2026 that was about $208 million of roughly $238 million in total revenue, or close to 90%. The rest is fee income, about $30 million a quarter, from wealth management (around $4.4 billion in client assets), insurance commissions and banking fees.
What usually moves PFS
- Interest rates and net interest margin
- Commercial real estate loan credit quality
- Deposit competition and funding costs
- Northeast US economic conditions
- Merger integration and cost savings