Provident Financial Services, Inc (NYSE:PFS) Director Frank L. Fekete sold 9,000 shares of Provident Financial Services stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.33, for a total transaction of $245,970.00. Following the sale, the director now directly owns 48,903 shares in the company, valued at $1,336,518.99. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Provident Financial Services, Inc (PFS) traded down $0.17 during trading hours on Tuesday, reaching $27.96. 311,592 shares of the company traded hands, compared to its average volume of 192,807. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. Provident Financial Services, Inc has a twelve month low of $23.19 and a twelve month high of $28.92. The firm has a market cap of $1,824.81, a P/E ratio of 18.18, a PEG ratio of 1.78 and a beta of 0.97.

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

The company also recently declared a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.15 dividend. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 3.01%. Provident Financial Services’s dividend payout ratio (DPR) is currently 52.98%.

Several equities research analysts recently issued reports on the stock. Sandler O’Neill lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. ValuEngine upgraded shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Friday. Boenning Scattergood reiterated a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.50 target price on shares of Provident Financial Services in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.80.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Provident Financial Services in the 2nd quarter worth approximately $118,000. Sei Investments Co. lifted its position in shares of Provident Financial Services by 170.1% in the 3rd quarter. Sei Investments Co. now owns 6,028 shares of the savings and loans company’s stock worth $160,000 after purchasing an additional 3,796 shares during the period. Amalgamated Bank lifted its position 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 worth $213,000 after purchasing an additional 126 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Provident Financial Services in the 2nd quarter worth approximately $251,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Provident Financial Services in the 3rd quarter worth approximately $298,000. Hedge funds and other institutional investors own 63.97% of the company’s stock.

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About Provident Financial Services

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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