Legal & General Group Plc boosted its holdings in shares of Provident Financial Services, Inc. (NYSE:PFS) by 8.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,947 shares of the savings and loans company’s stock after buying an additional 11,007 shares during the quarter. Legal & General Group Plc’s holdings in Provident Financial Services were worth $3,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PFS. BlackRock Inc. grew its stake in shares of Provident Financial Services by 5.9% during the 2nd quarter. BlackRock Inc. now owns 8,551,844 shares of the savings and loans company’s stock worth $235,435,000 after purchasing an additional 477,216 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Provident Financial Services by 14.8% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 971,229 shares of the savings and loans company’s stock worth $23,844,000 after purchasing an additional 125,218 shares during the period. Bridgeway Capital Management Inc. grew its stake in shares of Provident Financial Services by 94.1% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 253,700 shares of the savings and loans company’s stock worth $6,228,000 after purchasing an additional 123,000 shares during the period. Northern Trust Corp grew its stake in shares of Provident Financial Services by 3.3% during the 2nd quarter. Northern Trust Corp now owns 2,518,716 shares of the savings and loans company’s stock worth $69,340,000 after purchasing an additional 79,918 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Provident Financial Services by 5.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,328,800 shares of the savings and loans company’s stock worth $32,622,000 after purchasing an additional 72,400 shares during the period. 52.50% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on PFS shares. Sandler O’Neill raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, December 20th. Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research note on Friday, October 26th. ValuEngine raised shares of Provident Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research raised shares of Provident Financial Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, November 1st. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.83.

Provident Financial Services stock opened at $25.13 on Friday. Provident Financial Services, Inc. has a 1 year low of $22.22 and a 1 year high of $29.12. The firm has a market capitalization of $2.10 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.72 and a beta of 0.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.09.

Provident Financial Services (NYSE:PFS) last released its quarterly earnings results on Friday, October 26th. The savings and loans company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. Provident Financial Services had a net margin of 25.16% and a return on equity of 8.09%. The firm had revenue of $91.70 million for the quarter, compared to analysts’ expectations of $89.09 million. During the same quarter last year, the company earned $0.41 EPS. As a group, analysts forecast that Provident Financial Services, Inc. will post 1.75 EPS for the current year.

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Provident Financial Services Company Profile

Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA and KEOGH accounts.

Read More: Hedge Funds Explained

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Institutional Ownership by Quarter for Provident Financial Services (NYSE:PFS)

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