Y Intercept Hong Kong Ltd Acquires New Position in Provident Financial Services, Inc $PFS

08 Jul 2026, 09:53 by Michael Walen · The Markets Daily

Y Intercept Hong Kong Ltd purchased a new stake in Provident Financial Services, Inc (NYSE:PFS – Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 135,540 shares of the savings and loans company’s stock, valued at approximately $2,868,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Provident Financial Services by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,814,194 shares of the savings and loans company’s stock worth $154,331,000 after purchasing an additional 125,104 shares during the period. State Street Corp grew its position in shares of Provident Financial Services by 0.6% during the 4th quarter. State Street Corp now owns 7,046,392 shares of the savings and loans company’s stock valued at $139,166,000 after buying an additional 41,961 shares during the last quarter. Wellington Management Group LLP raised its stake in Provident Financial Services by 5.5% during the fourth quarter. Wellington Management Group LLP now owns 6,710,987 shares of the savings and loans company’s stock worth $132,542,000 after acquiring an additional 351,889 shares during the period. Bank of New York Mellon Corp lifted its holdings in Provident Financial Services by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,578,302 shares of the savings and loans company’s stock worth $31,171,000 after acquiring an additional 216,567 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Provident Financial Services by 38.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,239,628 shares of the savings and loans company’s stock worth $24,483,000 after acquiring an additional 342,301 shares during the last quarter. 71.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Provident Financial Services

In other news, CEO George Lista sold 2,556 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $22.40, for a total value of $57,254.40. Following the sale, the chief executive officer owned 109,262 shares of the company’s stock, valued at approximately $2,447,468.80. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.02% of the company’s stock.

Provident Financial Services Trading Down 0.2%

Shares of NYSE:PFS opened at $23.55 on Wednesday. The company has a 50 day moving average of $22.67 and a 200-day moving average of $21.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.03. The firm has a market cap of $3.07 billion, a P/E ratio of 10.02 and a beta of 0.78. Provident Financial Services, Inc has a twelve month low of $17.61 and a twelve month high of $24.24.

Provident Financial Services (NYSE:PFS – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. Provident Financial Services had a net margin of 21.95% and a return on equity of 10.98%. The business had revenue of $225.20 million for the quarter, compared to analyst estimates of $225.62 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Provident Financial Services, Inc will post 2.36 earnings per share for the current fiscal year.

Provident Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.24 per share. The ex-dividend date was Friday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 4.1%. Provident Financial Services’s dividend payout ratio (DPR) is 40.85%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PFS. Piper Sandler began coverage on Provident Financial Services in a report on Monday, March 16th. They set an “overweight” rating and a $25.00 target price for the company. DA Davidson restated a “neutral” rating and set a $23.00 price objective on shares of Provident Financial Services in a research note on Friday, May 1st. Weiss Ratings upgraded Provident Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of Provident Financial Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Stephens began coverage on shares of Provident Financial Services in a research note on Monday, June 8th. They set an “equal weight” rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.79.

Read Our Latest Stock Report on PFS

Provident Financial Services Company Profile

(Free Report)

Provident Financial Services, Inc is the bank holding company for Provident Bank, a regional commercial bank headquartered in Jersey City, New Jersey. The company operates a network of full-service branches across New Jersey, the New York metropolitan area and eastern Pennsylvania, offering a range of personal and business banking solutions.