Provident Financial Services, Inc. (NYSE:PFS – Get Rating) CEO George Lista sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $22.23, for a total value of $66,690.00. Following the completion of the transaction, the chief executive officer now directly owns 106,873 shares in the company, valued at approximately $2,375,786.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE PFS traded down $0.12 on Wednesday, hitting $21.92. 5,442 shares of the stock were exchanged, compared to its average volume of 350,692. Provident Financial Services, Inc. has a 52-week low of $20.86 and a 52-week high of $26.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.30 and a beta of 0.91. The company’s 50-day moving average price is $22.90 and its two-hundred day moving average price is $23.89.
Provident Financial Services (NYSE:PFS – Get Rating) last posted its quarterly earnings data on Friday, April 29th. The savings and loans company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.12. Provident Financial Services had a net margin of 33.46% and a return on equity of 9.79%. During the same quarter in the previous year, the business posted $0.63 EPS. Equities analysts predict that Provident Financial Services, Inc. will post 2.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, May 12th. Provident Financial Services’s payout ratio is 44.86%.
Several institutional investors have recently bought and sold shares of PFS. Advisor Group Holdings Inc. grew its holdings in shares of Provident Financial Services by 35.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,785 shares of the savings and loans company’s stock valued at $42,000 after acquiring an additional 470 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Provident Financial Services during the 3rd quarter valued at $146,000. KBC Group NV grew its holdings in shares of Provident Financial Services by 97.3% during the 1st quarter. KBC Group NV now owns 7,597 shares of the savings and loans company’s stock valued at $178,000 after acquiring an additional 3,746 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Provident Financial Services during the 1st quarter valued at $201,000. Finally, Midwest Professional Planners LTD. purchased a new position in shares of Provident Financial Services during the 1st quarter valued at $202,000. Institutional investors and hedge funds own 63.82% of the company’s stock.
Several research analysts have issued reports on PFS shares. Zacks Investment Research raised Provident Financial Services from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Wednesday, February 2nd. StockNews.com began coverage on shares of Provident Financial Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock.
Provident Financial Services Company Profile (Get Rating)
Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company’s deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.
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