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Provident Financial Updates CEO Employment Agreement

Story Highlights
  • Provident Financial Services updated its CEO’s employment agreement on June 26, 2025.
  • The new agreement includes changes to compensation and benefits, affecting financial obligations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Provident Financial Updates CEO Employment Agreement

Elevate Your Investing Strategy:

Provident Financial Services ( (PFS) ) has provided an announcement.

On June 26, 2025, Provident Financial Services, Inc. entered into an amended and restated employment agreement with Anthony J. Labozzetta, its President and CEO, replacing his prior agreement from March 11, 2020. The new agreement, effective until June 26, 2028, includes provisions for automatic annual renewals and specific terms in the event of termination or change of control, such as severance payments and health insurance reimbursements. This agreement reflects adjustments in executive compensation and benefits, potentially impacting the company’s financial obligations and executive retention strategies.

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 has a solid financial foundation and favorable earnings outlook, driving a strong overall score. The robust loan pipeline and improved margins are significant positives. However, technical indicators suggest caution, and challenges such as deposit declines and nonperforming loans warrant attention.

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

More about Provident Financial Services

Average Trading Volume: 708,943

Technical Sentiment Signal: Buy

Current Market Cap: $2.21B

See more insights into PFS stock on TipRanks’ Stock Analysis page.

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