Insider Buying: Thomas W. Berry Purchases 1,000 Shares of Provident Financial Services Stock (PFS)
Provident Financial Services (NYSE:PFS) Director Thomas W. Berry purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of $16.64 per share, with a total value of $16,640.00. Following the transaction, the director now directly owns 75,387 shares of the company’s stock, valued at approximately $1,254,440. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Provident Financial Services (NYSE:PFS) opened at 16.81 on Friday. Provident Financial Services has a 52-week low of $15.78 and a 52-week high of $19.93. The stock has a 50-day moving average of $17.03 and a 200-day moving average of $17.49. The company has a market cap of $994.3 million and a price-to-earnings ratio of 14.72.
Provident Financial Services (NYSE:PFS) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, analysts predict that Provident Financial Services will post $1.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, August 13th.
PFS has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of Provident Financial Services from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 29th. They now have a $19.00 price target on the stock. 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.33.
Provident Financial Services, Inc is a holding company of The Provident Bank (NYSE:PFS).
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