Provident Financial Services, Inc. (NYSE:PFS) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $28.10.
A number of equities analysts have commented on the stock. Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a research note on Monday, January 29th. Sandler O’Neill cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 price target on shares of Provident Financial Services in a research note on Tuesday, January 9th. ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st.
In other news, Director Edward Odonnell sold 5,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $25.40, for a total value of $127,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.
Shares of Provident Financial Services (NYSE PFS) opened at $26.34 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.12. The firm has a market cap of $1,782.02, a P/E ratio of 18.04, a P/E/G ratio of 1.81 and a beta of 0.96. Provident Financial Services has a twelve month low of $23.19 and a twelve month high of $28.76.
Provident Financial Services (NYSE:PFS) last posted its earnings results on Friday, January 26th. The savings and loans company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). Provident Financial Services had a return on equity of 7.61% and a net margin of 24.75%. The firm had revenue of $85.20 million for the quarter, compared to the consensus estimate of $85.36 million. During the same period last year, the company posted $0.35 EPS. analysts forecast that Provident Financial Services will post 1.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were paid a $0.20 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.04%. Provident Financial Services’s dividend payout ratio (DPR) is 54.79%.
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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.
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