Provident Financial Services Stock Rating Lowered by Boenning Scattergood (PFS)
Provident Financial Services (NYSE:PFS) was downgraded by analysts at Boenning Scattergood from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Provident Financial Services (NYSE:PFS) opened at 19.09 on Monday. Provident Financial Services has a 52-week low of $13.13 and a 52-week high of $18.31. The stock’s 50-day moving average is $17.1 and its 200-day moving average is $15.89. The company has a market cap of $1.143 billion and a P/E ratio of 15.63.
Provident Financial Services (NYSE:PFS) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts predict that Provident Financial Services will post $1.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, November 13th. This is a boost from Provident Financial Services’s previous quarterly dividend of $0.14.
A number of other firms have also recently commented on PFS. Analysts at Zacks downgraded shares of Provident Financial Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $19.40 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Provident Financial Services has a consensus rating of “Hold” and an average price target of $18.10.
Provident Financial Services, Inc is a holding company of The Provident Bank (NYSE:PFS).
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