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Provident Financial Services Adopts Executive Severance Plan

Story Highlights
  • Provident Financial Services adopted a new severance plan for executives on July 24, 2025.
  • The plan offers severance benefits with adjustments to avoid excise taxes for eligible executives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Provident Financial Services Adopts Executive Severance Plan

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Provident Financial Services ( (PFS) ) just unveiled an update.

On July 24, 2025, Provident Financial Services, Inc. announced the adoption of the Provident Bank Executive Severance Plan, which offers severance benefits to selected executive officers under specific conditions. The plan stipulates that eligible participants terminated without cause will receive a severance payment equivalent to their base salary and cash incentive, along with continued health insurance and outplacement services, provided they sign a waiver and release of claims. In cases of termination following a change in control, enhanced benefits are offered based on a multiple of the participant’s salary and incentives, though payments are adjusted to avoid excise taxes.

The most recent analyst rating on (PFS) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Provident Financial Services stock, see the PFS Stock Forecast page.

Spark’s Take on PFS Stock

According to Spark, TipRanks’ AI Analyst, PFS is a Outperform.

Provident Financial Services presents a solid investment opportunity with strong financial health and positive earnings outlook. Technical indicators show upward momentum, and the company offers a competitive dividend yield. Monitoring free cash flow volatility and competitive pressures are advised.

To see Spark’s full report on PFS stock, click here.

More about Provident Financial Services

Average Trading Volume: 616,860

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.4B

For a thorough assessment of PFS stock, go to TipRanks’ Stock Analysis page.

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