Provident Financial Services, Inc (NYSE:PFS)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank Of Canada in a report issued on Friday. They currently have a $30.00 price objective on the savings and loans company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 26.64% from the company’s previous close.

Several other equities analysts have also commented on PFS. BidaskClub lowered Provident Financial Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $25.50 price target on shares of Provident Financial Services in a research note on Friday, July 14th. DA Davidson assumed coverage on Provident Financial Services in a research note on Friday, September 1st. They issued a “neutral” rating and a $25.00 price target on the stock. Zacks Investment Research raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.58.

Shares of Provident Financial Services (NYSE PFS) opened at 23.69 on Friday. The firm has a 50-day moving average price of $25.10 and a 200-day moving average price of $25.26. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 16.34 and a beta of 1.00. Provident Financial Services has a 1-year low of $20.53 and a 1-year high of $28.92.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings results on Friday, July 28th. The savings and loans company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Provident Financial Services had a return on equity of 7.40% and a net margin of 25.39%. The business had revenue of $83.87 million for the quarter, compared to analyst estimates of $81.24 million. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts forecast that Provident Financial Services will post $1.49 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. First Manhattan Co. raised its holdings in shares of Provident Financial Services by 29.3% in the 1st quarter. First Manhattan Co. now owns 4,850 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 1,100 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Provident Financial Services in the 2nd quarter valued at $118,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Provident Financial Services in the 1st quarter valued at $136,000. Amalgamated Bank raised its holdings in shares of Provident Financial Services by 1.5% in the 2nd quarter. Amalgamated Bank now owns 8,387 shares of the savings and loans company’s stock valued at $213,000 after buying an additional 126 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Provident Financial Services in the 2nd quarter valued at $251,000. Hedge funds and other institutional investors own 61.61% of the company’s stock.

Provident Financial Services Company Profile

Provident Financial Services Inc is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas.

Analyst Recommendations for Provident Financial Services (NYSE:PFS)

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