Provident Financial Services Inc. (PFS) Reaches New 1-Year High at $21.66
Shares of Provident Financial Services Inc. (NYSE:PFS) reached a new 52-week high on Wednesday . The stock traded as high as $21.66 and last traded at $21.40, with a volume of 85,604 shares. The stock had previously closed at $21.57.
Separately, Zacks Investment Research upgraded Provident Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, June 30th.
The company has a market cap of $1.36 billion and a price-to-earnings ratio of 16.01. The company’s 50 day moving average is $20.49 and its 200 day moving average is $19.91.
Provident Financial Services (NYSE:PFS) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. During the same period last year, the company posted $0.35 EPS. The company had revenue of $77.73 million for the quarter, compared to analysts’ expectations of $70.14 million. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts predict that Provident Financial Services Inc. will post $1.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued 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 yield of 3.34%.
In other Provident Financial Services news, Chairman Christopher P. Martin sold 27,267 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $21.31, for a total value of $581,059.77. Following the sale, the chairman now owns 345,190 shares of the company’s stock, valued at approximately $7,355,998.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank L. Fekete sold 4,559 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $20.42, for a total value of $93,094.78. Following the completion of the sale, the director now directly owns 56,235 shares in the company, 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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