Provident Financial Services, Inc (NYSE:PFS) Director Laura L. Brooks sold 4,075 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $25.99, for a total transaction of $105,909.25. Following the completion of the sale, the director now owns 62,905 shares in the company, valued at $1,634,900.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Provident Financial Services, Inc (PFS) traded down $0.03 during mid-day trading on Friday, reaching $26.55. 433,975 shares of the company’s stock traded hands, compared to its average volume of 230,061. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1,770.00, a P/E ratio of 17.36, a P/E/G ratio of 1.70 and a beta of 0.98. Provident Financial Services, Inc has a 52-week low of $23.19 and a 52-week high of $28.92.

Provident Financial Services (NYSE:PFS) last announced its earnings results on Friday, October 27th. The savings and loans company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $85.32 million for the quarter, compared to the consensus estimate of $83.84 million. Provident Financial Services had a net margin of 25.90% and a return on equity of 7.61%. During the same period last year, the company posted $0.36 EPS. sell-side analysts forecast that Provident Financial Services, Inc will post 1.54 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 3.01%. Provident Financial Services’s dividend payout ratio (DPR) is currently 52.98%.

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Hedge funds have recently made changes to their positions in the business. Jennison Associates LLC raised its holdings in Provident Financial Services by 5.1% during the 2nd quarter. Jennison Associates LLC now owns 51,163 shares of the savings and loans company’s stock worth $1,299,000 after buying an additional 2,497 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Provident Financial Services by 7.5% in the second quarter. New York State Common Retirement Fund now owns 66,300 shares of the savings and loans company’s stock valued at $1,683,000 after purchasing an additional 4,599 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Provident Financial Services by 3.8% in the second quarter. Systematic Financial Management LP now owns 471,698 shares of the savings and loans company’s stock valued at $11,972,000 after purchasing an additional 17,223 shares during the last quarter. Aberdeen Asset Management PLC UK acquired a new stake in shares of Provident Financial Services in the second quarter valued at approximately $4,776,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Provident Financial Services by 7.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 301,721 shares of the savings and loans company’s stock valued at $7,800,000 after purchasing an additional 21,075 shares during the last quarter. Hedge funds and other institutional investors own 61.50% of the company’s stock.

A number of brokerages recently weighed in on PFS. Boenning Scattergood reiterated a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.50 price target on shares of Provident Financial Services in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded shares of Provident Financial Services from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.80.

Provident Financial Services Company Profile

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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