Valerie O. Murray Acquires 1,400 Shares of Provident Financial Services, Inc. (NYSE: PFS)

Provident Financial Services, Inc. (NYSE:PFS – Get 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 a filing with the SEC, 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 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.

(A d)

What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%!

When you start getting paid 26% on your money, your financial troubles tend to evaporate.

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, began covering Provident Financial Services stocks 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 an evaluation)

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.

Featured Articles

Insider buying and selling by quarter for Provident Financial Services (NYSE:PFS)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Provident Financial Services right now?

Before you consider Provident Financial Services, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Provident Financial Services was not on the list.

Although Provident Financial Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Leave a Comment