Provident Financial Services Inc. (PFS) Reaches New 1-Year High at $21.23
Provident Financial Services Inc. (NYSE:PFS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.23 and last traded at $21.22, with a volume of 129,578 shares traded. The stock had previously closed at $21.07.
Separately, Zacks Investment Research raised shares of Provident Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, May 26th.
The company has a market cap of $1.35 billion and a PE ratio of 15.90. The firm’s 50 day moving average price is $20.34 and its 200 day moving average price is $19.82.
Provident Financial Services (NYSE:PFS) last issued its earnings results on Friday, July 29th. The company reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. During the same quarter in the prior year, the company posted $0.35 EPS. The company had revenue of $77.73 million for the quarter, compared to the consensus estimate of $70.14 million. Provident Financial Services’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Provident Financial Services Inc. will post $1.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.39%.
In related news, SVP James A. Christy sold 10,688 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $21.03, for a total transaction of $224,768.64. Following the completion of the transaction, the senior vice president now owns 30,552 shares in the company, valued at $642,508.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John F. Kuntz sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $20.09, for a total transaction of $200,900.00. Following the transaction, the executive vice president now owns 78,614 shares of the company’s stock, valued at approximately $1,579,355.26. 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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