Shares of Provident Financial Services, Inc. (NYSE:PFS) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $28.10.
Several research analysts recently commented on PFS shares. Piper Jaffray reaffirmed a “hold” rating and issued a $28.00 target price on shares of Provident Financial Services in a research report on Tuesday, January 9th. Zacks Investment Research cut Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Sandler O’Neill raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Friday, January 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research report on Monday, January 29th. Finally, ValuEngine raised Provident Financial Services from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.
Shares of PFS traded down $0.21 during mid-day trading on Friday, hitting $25.82. The company’s stock had a trading volume of 16,822 shares, compared to its average volume of 160,743. Provident Financial Services has a one year low of $23.19 and a one year high of $28.76. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1,716.52, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.74 and a beta of 0.93.
Provident Financial Services (NYSE:PFS) last issued its earnings results on Friday, January 26th. The savings and loans company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $85.20 million during the quarter, compared to the consensus estimate of $85.36 million. Provident Financial Services had a return on equity of 7.61% and a net margin of 24.75%. During the same period last year, the business earned $0.35 earnings per share. equities analysts predict that Provident Financial Services will post 1.84 EPS for the current year.
In other Provident Financial Services news, Director Edward Odonnell sold 5,000 shares of Provident Financial Services stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $25.40, for a total transaction of $127,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of PFS. Beacon Investment Advisory Services Inc. bought a new position in shares of Provident Financial Services during the third quarter valued at $30,934,000. Thrivent Financial For Lutherans lifted its holdings in shares of Provident Financial Services by 84.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 715,975 shares of the savings and loans company’s stock valued at $19,310,000 after acquiring an additional 327,795 shares during the period. BlackRock Inc. lifted its holdings in shares of Provident Financial Services by 3.8% during the fourth quarter. BlackRock Inc. now owns 8,069,971 shares of the savings and loans company’s stock valued at $217,648,000 after acquiring an additional 294,452 shares during the period. M3F Inc. bought a new position in shares of Provident Financial Services during the fourth quarter valued at $4,133,000. Finally, Millennium Management LLC lifted its holdings in shares of Provident Financial Services by 69.5% during the fourth quarter. Millennium Management LLC now owns 343,518 shares of the savings and loans company’s stock valued at $9,265,000 after acquiring an additional 140,816 shares during the period. 66.32% of the stock is owned by institutional investors.
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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.
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