Provident Financial Services, Inc. (NYSE: PFS – Get a rating) Executive Vice President Valerie O. Murray bought 1,400 shares in a trade that took place on Tuesday, June 14. The shares were purchased at an average price of $21.62 per share, with a total value of $30,268.00. Following the completion of the acquisition, the executive vice president now directly owns 39,683 shares of the company, valued at $857,946.46. The purchase was disclosed in an SEC filing, which is available via this link.
Provident Financial Services stock traded down $0.16 at midday Tuesday, hitting $21.76. 307,935 shares of the company were traded, against an average volume of 345,724. The company has a debt ratio of 0.28, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50-day moving average price is $22.40 and its 200-day moving average price is $23.44. The company has a market capitalization of $1.64 billion, a price-earnings ratio of 10.17 and a beta of 0.91. Provident Financial Services, Inc. has a 52-week low of $20.86 and a 52-week high of $26.20.
Provident Financial Services (NYSE: PFS – Get a rating) last released its quarterly earnings data on Friday, April 29. The savings and loan company reported earnings per share (EPS) of $0.58 for the quarter, beating consensus analyst estimates of $0.47 by $0.11. The company posted revenue of $114.67 million for the quarter, versus a consensus estimate of $115.10 million. Provident Financial Services posted a net margin of 33.46% and a return on equity of 9.79%. During the same period of the previous year, the company achieved EPS of $0.63. On average, sell-side analysts expect Provident Financial Services, Inc. to post EPS of 2.2 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Thursday, May 12. Provident Financial Services’ dividend payout ratio is currently 44.86%.
Separately, StockNews.com began covering Provident Financial Services shares in a research report on Thursday, March 31. They have set a “holding” rating on the stock.
Several large investors have recently increased or reduced their stake in the company. JW Cole Advisors Inc. bought a new stake in Provident Financial Services stock in Q1 worth approximately $171,000. Captrust Financial Advisors increased its position in Provident Financial Services shares by 15.5% in the first quarter. Captrust Financial Advisors now owns 16,305 shares of the savings and loan company worth $382,000 after buying 2,188 additional shares during the period. Invesco Ltd. increased its position in Provident Financial Services shares by 60.2% in the 1st quarter. Invesco Ltd. now owns 1,073,084 shares of the savings and loan company worth $25,110,000 after purchasing an additional 403,067 shares during the period. Renaissance Technologies LLC increased its position in Provident Financial Services shares by 70.6% in the first quarter. Renaissance Technologies LLC now owns 366,046 shares of the savings and loan company worth $8,565,000 after purchasing an additional 151,446 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Provident Financial Services by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 732,800 shares of the savings and loan company worth $17,148,000 after purchasing an additional 17,557 shares during the period. 63.82% of the shares are currently held by hedge funds and other institutional investors.
Provident financial services company profile (Get a rating)
Provident Financial Services, Inc. operates as a bank holding company for Provident Bank which provides various personal, family and business banking products and services in the United States. The Company’s deposit products include savings, checks, interest-bearing checks, money market deposits and certificates of deposit accounts, as well as IRA products.
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