Provident Financial Services Inc. (PFS) Hits New 52-Week High at $21.23
Provident Financial Services Inc. (NYSE:PFS) shares hit a new 52-week high on Thursday . The stock 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 upgraded Provident Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th.
The firm has a market cap of $1.35 billion and a PE ratio of 15.92. The firm has a 50-day moving average of $20.40 and a 200 day moving average of $19.84.
Provident Financial Services (NYSE:PFS) last released its quarterly earnings data on Friday, July 29th. The company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business earned $77.73 million during the quarter, compared to analyst estimates of $70.14 million. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. Analysts predict that Provident Financial Services Inc. will post $1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, August 11th.
In other Provident Financial Services news, SVP James A. Christy sold 10,688 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $21.03, for a total transaction of $224,768.64. Following the transaction, the senior vice president now directly owns 30,552 shares in the company, valued at $642,508.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald W. Blum sold 10,000 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $20.68, for a total value of $206,800.00. Following the transaction, the executive vice president now owns 73,698 shares in the company, valued at $1,524,074.64. 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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