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Provident Financial Services ( (PFS) ) has issued an announcement.
On January 26, 2026, Provident Financial Services, Inc. announced that its board has authorized the company’s tenth stock repurchase program, which will begin after completion of its existing program that has 814,247 shares remaining. Combined, the new and existing authorizations allow the repurchase of up to 2.15% of the company’s outstanding common stock, or about 2.81 million shares, via open market purchases, negotiated transactions, block trades or Rule 10b5‑1 trading plans, with no set expiration date or completion timeframe. Executives framed the move as a reflection of the bank’s strong balance sheet, earnings outlook and capital formation, emphasizing that the added buyback capacity enhances capital return flexibility and is intended to support shareholder value while remaining subject to market conditions, regulatory considerations and SEC safe harbor rules.
The most recent analyst rating on (PFS) stock is a Buy with a $22.50 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 is well-positioned with strong financial performance, robust technical indicators, and an attractive valuation. The recent earnings call highlighted record earnings and revenue, supporting a positive outlook. While there are challenges, such as revenue decline and increased competition, the company’s strengths in profitability, cash flow, and market momentum contribute to a favorable stock score.
To see Spark’s full report on PFS stock, click here.
More about Provident Financial Services
Provident Financial Services, Inc. is the holding company for Provident Bank, a community-oriented bank that has operated since 1839. Provident Bank offers a comprehensive range of financial products and services, including traditional banking, fiduciary and wealth management through Beacon Trust Company, and insurance services via Provident Protection Plus, Inc., serving customers across New Jersey, parts of Pennsylvania, and New York’s Orange, Queens and Nassau counties.
Average Trading Volume: 847,928
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.69B
For detailed information about PFS stock, go to TipRanks’ Stock Analysis page.