Last €12.51 EUR
Change Today +0.171 / 1.39%
Volume 0.0
PQ3 On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:00 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

provident financial services (PQ3) Snapshot

Open
€12.51
Previous Close
€12.34
Day High
€12.51
Day Low
€12.51
52 Week High
11/28/13 - €14.16
52 Week Low
04/19/13 - €10.93
Market Cap
752.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
60.2M
EX-Date
02/12/14
P/E TM
--
Dividend
€0.61
Dividend Yield
3.38%
Current Stock Chart for PROVIDENT FINANCIAL SERVICES (PQ3)

Related News

No related news articles were found.

provident financial services (PQ3) Related Businessweek News

No Related Businessweek News Found

provident financial services (PQ3) Details

Provident Financial Services, Inc. operates as the holding company for The Provident Bank that provides banking services to individuals, families, and businesses in New Jersey. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificates of deposit accounts, as well as IRA and KEOGH accounts. The company’s loan portfolio comprises commercial real estate loans that are secured by income-producing properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online banking services; and business credit cards. In addition, the company provides trust and estate administrative services; and asset management services, including investment management, asset allocation, trust and fiduciary, financial planning, family office, estate settlement, and custody services to individuals, municipalities, non-profits, corporations, and pension funds. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; invests in real estate development joint ventures principally targeted to meet the housing needs of low and moderate-income communities; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2012, the company operated 78 full-service branch offices in northern and central New Jersey. Provident Financial Services, Inc. was founded in 1839 and is headquartered in Jersey City, New Jersey.

830 Employees
Last Reported Date: 03/3/14
Founded in 1839

provident financial services (PQ3) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $608.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $349.3K
Chief Lending Officer of Provident Bank and E...
Total Annual Compensation: $314.6K
Executive Vice President, General Counsel, C...
Total Annual Compensation: $312.7K
Executive Vice President of The Provident Ban...
Total Annual Compensation: $259.8K
Compensation as of Fiscal Year 2013.

provident financial services (PQ3) Key Developments

Katharine Laud Resigns from Boards of Directors of Provident Financial Services, Inc. and The Provident Bank

Provident Financial Services, Inc. announced that director Katharine Laud was resigning from the boards of directors of the company and The Provident Bank effective February 21, 2014. Her term of office as a director of the company and The Provident Bank was expiring at the 2014 annual meeting of stockholders.

Provident Financial Services, Inc. to Unveil New Branch; Plans to Close a Branch in First Quarter

Provident Financial Services Inc. is getting ready to unveil its branch of the future. The company said the Jersey City, N.J.-based bank will be beta testing sleeker branches in three locations in 2014. Those branches will have smaller footprints, fewer staff and more electronic interaction with customers. The new branches will enable customers to use computer screens to talk to staff members in different locations rather than having to wait to speak to someone on-site. Transaction volumes are down across the board in branches, so the need for a vast teller network waiting for business is diminished. Provident will be closing one branch in the first quarter and will continue looking at branches that might not be in optimal locations.

Provident Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on February 28, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Impairment Losses for the Fourth Quarter Ended December 31, 2013

Provident Financial Services, Inc.'s Board of Directors declared a quarterly cash dividend of $0.15 per common share, payable on February 28, 2014, to stockholders of record as of the close of business on February 14, 2014. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $64,076,000 against $64,603,000 a year ago. Net interest income was $54,707,000 against $54,207,000 a year ago. Income before income tax expense was $25,208,000 against $24,574,000 a year ago. Net income was $17,402,000 against $16,682,000 a year ago. Diluted earnings per share were $0.30 against $0.29 a year ago. Annualized return on average assets was 0.94% against 0.91% a year ago. Annualized return on average equity was 6.85% against 6.69% a year ago. Annualized return on average tangible equity (net income/total average stockholders' equity) was 10.60% against 10.46% a year ago. For the full year, the company reported total interest income of $252,777,000 against $262,259,000 a year ago. Net interest income was $216,010,000 against $217,337,000 a year ago. Income before income tax expense was $105,900,000 against $96,122,000 a year ago. Net income was $70,534,000 against $67,267,000 a year ago. Diluted earnings per share were $1.23 against $1.18 a year ago. Annualized return on average assets was 0.97% against 0.94% a year ago. Annualized return on average equity was 7.08% against 6.88% a year ago. Book value per share (total stockholders' equity/shares outstanding) as at the end of the period was $16.87. Tangible book value per share (total tangible stockholders' equity/shares outstanding) as at the end of the period was $10.92. Annualized return on average tangible equity was 11.04% against 10.88% a year ago. For the fourth quarter ended December 31, 2013, the company reported net impairment losses on securities recognized in earnings of $434,000.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PQ3:GR €12.51 EUR +0.171

PQ3 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BancFirst Corp $58.08 USD +0.27
Boston Private Financial Holdings Inc $12.79 USD +0.19
Chemical Financial Corp $30.93 USD +0.41
NBT Bancorp Inc $23.77 USD +0.19
WesBanco Inc $30.69 USD +0.31
View Industry Companies
 

Industry Analysis

PQ3

Industry Average

Valuation PQ3 Industry Range
Price/Earnings 14.4x
Price/Sales 4.0x
Price/Book 1.0x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PROVIDENT FINANCIAL SERVICES, please visit www.providentbanknj.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.