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Provident Financial Services (NYSE:PFS) was upgraded by Sterne Agee from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $19.00 price target on the stock. Sterne Agee’s price objective indicates a potential upside of 14.73% from the stock’s previous close.

A number of other firms have also recently commented on PFS. Analysts at RBC Capital reiterated an “outperform” rating on shares of Provident Financial Services in a research note on Tuesday, June 3rd. They now have a $20.00 price target on the stock, down previously from $21.00. Separately, analysts at Raymond James downgraded shares of Provident Financial Services to an “underperform” rating in a research note on Thursday, May 8th. Finally, analysts at Drexel Hamilton initiated coverage on shares of Provident Financial Services in a research note on Thursday, May 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.88.

Shares of Provident Financial Services (NYSE:PFS) traded up 2.05% on Tuesday, hitting $16.90. The stock had a trading volume of 132,359 shares. Provident Financial Services has a 1-year low of $15.78 and a 1-year high of $19.93. The stock has a 50-day moving average of $17.20 and a 200-day moving average of $17.57. The company has a market cap of $969.5 million and a price-to-earnings ratio of 13.61.

Provident Financial Services (NYSE:PFS) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. During the same quarter last year, the company posted $0.34 earnings per share. Analysts expect that Provident Financial Services will post $1.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, August 13th.

Provident Financial Services, Inc is a holding company of The Provident Bank (NYSE:PFS).

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