Provident Financial Services Inc. (PFS) Hits New 52-Week High at $21.72
Shares of Provident Financial Services Inc. (NYSE:PFS) hit a new 52-week high on Tuesday . The stock traded as high as $21.72 and last traded at $21.42, with a volume of 62,146 shares changing hands. The stock had previously closed at $21.66.
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 company has a market cap of $1.36 billion and a price-to-earnings ratio of 16.01. The company has a 50-day moving average of $20.62 and a 200 day moving average of $19.97.
Provident Financial Services (NYSE:PFS) last issued its earnings results on Friday, July 29th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. During the same period last year, the business earned $0.35 EPS. The company had revenue of $77.73 million for the quarter, compared to analyst estimates of $70.14 million. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that Provident Financial Services Inc. will post $1.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 11th.
In related news, EVP John F. Kuntz sold 10,000 shares of Provident Financial Services stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $20.09, for a total value of $200,900.00. Following the completion of the sale, the executive vice president now owns 78,614 shares of the company’s stock, valued at approximately $1,579,355.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James A. Christy sold 10,688 shares of Provident Financial Services 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 sale, the senior vice president now directly owns 30,552 shares of the company’s stock, valued at approximately $642,508.56. 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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