American Century Companies Boosts Stake in Provident Financial

Investment firm increases ownership in regional bank by over 40%

Published on Mar. 7, 2026

Got story updates? Submit your updates here. ›

American Century Companies Inc. has increased its stake in Provident Financial Services, Inc. (NYSE: PFS) by 40.4% in the third quarter, according to a recent SEC filing. The investment firm now owns 2,308,774 shares, or about 1.77% of the regional bank's outstanding stock, worth $44.5 million.

Why it matters

This move by a major institutional investor signals confidence in Provident Financial's outlook and growth potential. As a regional bank focused on the New Jersey and New York metro area, Provident's performance is seen as a bellwether for the broader financial health of the region.

The details

American Century Companies purchased an additional 664,021 shares of Provident Financial in the third quarter, bringing its total ownership to 2,308,774 shares. This represents about 1.77% of the bank's outstanding stock. Provident Financial is a regional savings and loan company headquartered in Jersey City, New Jersey, with a network of branches across the state and in eastern Pennsylvania.

  • American Century Companies filed the SEC disclosure on March 7, 2026.
  • The increased stake was made in the third quarter of the previous year.

The players

American Century Companies Inc.

A major investment management firm that oversees over $200 billion in assets.

Provident Financial Services, Inc.

A regional bank headquartered in New Jersey that provides personal and commercial banking services across the tri-state area.

Got photos? Submit your photos here. ›

The takeaway

This move by a prominent institutional investor underscores the perceived strength and growth potential of Provident Financial Services as a regional banking player in the New York metropolitan area. It signals confidence in the bank's strategy and outlook amid a challenging economic environment.