Provident Financial Services Inc. (PFS) Hits New 12-Month High at $21.66
Provident Financial Services Inc. (NYSE:PFS)’s share price hit a new 52-week high on Wednesday . The company traded as high as $21.66 and last traded at $21.40, with a volume of 85,604 shares traded. The stock had previously closed at $21.57.
Separately, Zacks Investment Research raised Provident Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th.
The company’s 50 day moving average price is $20.54 and its 200-day moving average price is $19.92. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 16.08.
Provident Financial Services (NYSE:PFS) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business earned $77.73 million during the quarter, compared to analysts’ expectations of $70.14 million. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that Provident Financial Services Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, August 11th.
In other news, EVP Donald W. Blum sold 14,040 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $21.49, for a total value of $301,719.60. Following the completion of the transaction, the executive vice president now owns 74,686 shares in the company, valued at $1,605,002.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank L. Fekete sold 4,559 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $20.42, for a total value of $93,094.78. Following the completion of the transaction, the director now owns 56,235 shares of the company’s stock, valued at approximately $1,148,318.70. The disclosure for this sale can be found here.
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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