Provident Financial (PFS) shares ended the last trading session 6.1% higher at $15.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.4% loss over the past four weeks.
Provident Financial witnessed a notable surge in its stock price following Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduced immediate fears of a trade war, fostering a more favorable economic outlook. This optimism boosted investor confidence in the financial sector stocks, like PFS.
This holding company for The Provident Bank is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +9.3%. Revenues are expected to be $209.45 million, up 83% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Provident Financial, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PFS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Provident Financial is part of the Zacks Financial - Savings and Loan industry. Brookline Bancorp (BRKL), another stock in the same industry, closed the last trading session 5.4% higher at $10.15. BRKL has returned -10.6% in the past month.
Brookline's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. Compared to the company's year-ago EPS, this represents a change of +43.8%. Brookline currently boasts a Zacks Rank of #3 (Hold).
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Provident Financial Services, Inc (PFS): Free Stock Analysis Report Brookline Bancorp, Inc. (BRKL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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