Provident Financial Services, Inc. (NYSE:PFS) Director Edward Odonnell sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $25.40, for a total transaction of $127,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Edward Odonnell also recently made the following trade(s):
- On Tuesday, March 6th, Edward Odonnell sold 11,786 shares of Provident Financial Services stock. The shares were sold at an average price of $25.84, for a total transaction of $304,550.24.
Provident Financial Services, Inc. (NYSE PFS) traded down $0.27 during trading on Wednesday, reaching $26.07. 122,801 shares of the company were exchanged, compared to its average volume of 168,954. The company has a market cap of $1,782.02, a price-to-earnings ratio of 18.04, a PEG ratio of 1.81 and a beta of 0.96. Provident Financial Services, Inc. has a twelve month low of $23.19 and a twelve month high of $28.76. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 1.36.
Provident Financial Services (NYSE:PFS) last issued its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $85.20 million during the quarter, compared to the consensus estimate of $85.36 million. Provident Financial Services had a return on equity of 7.61% and a net margin of 24.75%. During the same period in the previous year, the company earned $0.35 EPS. research analysts anticipate that Provident Financial Services, Inc. will post 1.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, February 14th. Provident Financial Services’s payout ratio is 54.79%.
Several research firms have recently issued reports on PFS. ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a report on Monday, January 29th. Sandler O’Neill raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, January 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 target price on shares of Provident Financial Services in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Provident Financial Services currently has an average rating of “Hold” and an average target price of $28.42.
Several large investors have recently modified their holdings of PFS. Nisa Investment Advisors LLC increased its holdings in shares of Provident Financial Services by 66.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,990 shares of the savings and loans company’s stock worth $135,000 after buying an additional 2,000 shares during the last quarter. Sei Investments Co. increased its holdings 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 buying an additional 3,796 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of Provident Financial Services in the 4th quarter worth $190,000. Telemus Capital LLC bought a new position in shares of Provident Financial Services in the 4th quarter worth $206,000. Finally, CIBC Asset Management Inc bought a new position in shares of Provident Financial Services in the 4th quarter worth $217,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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