Provident Financial Services, Inc (NYSE:PFS) EVP Donald W. Blum sold 6,100 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $28.47, for a total transaction of $173,667.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Provident Financial Services, Inc (NYSE:PFS) traded down $1.41 on Friday, reaching $27.34. 393,600 shares of the company traded hands, compared to its average volume of 191,451. The firm has a market capitalization of $1,920.00, a PE ratio of 18.31, a PEG ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Provident Financial Services, Inc has a 1 year low of $23.19 and a 1 year high of $28.92.

Provident Financial Services (NYSE:PFS) last posted its quarterly earnings results on Friday, October 27th. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $83.84 million. Provident Financial Services had a net margin of 25.90% and a return on equity of 7.61%. During the same period in the prior year, the company posted $0.36 earnings per share. sell-side analysts predict that Provident Financial Services, Inc will post 1.54 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 3.01%. Provident Financial Services’s dividend payout ratio is presently 52.98%.

A number of institutional investors and hedge funds have recently bought and sold shares of PFS. Louisiana State Employees Retirement System increased its stake in Provident Financial Services by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the savings and loans company’s stock valued at $627,000 after purchasing an additional 100 shares during the last quarter. Aperio Group LLC bought a new stake in Provident Financial Services during the second quarter valued at $392,000. Strs Ohio increased its stake in Provident Financial Services by 5.1% during the second quarter. Strs Ohio now owns 41,500 shares of the savings and loans company’s stock valued at $1,053,000 after purchasing an additional 2,000 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Provident Financial Services by 4.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,280 shares of the savings and loans company’s stock valued at $362,000 after purchasing an additional 650 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Provident Financial Services by 3.4% during the second quarter. Great West Life Assurance Co. Can now owns 87,262 shares of the savings and loans company’s stock valued at $2,213,000 after purchasing an additional 2,900 shares during the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on PFS. Sandler O’Neill cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. ValuEngine cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.50 price target on shares of Provident Financial Services in a report on Wednesday, November 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Provident Financial Services presently has a consensus rating of “Hold” and an average target price of $27.80.

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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.

Insider Buying and Selling by Quarter for Provident Financial Services (NYSE:PFS)

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