Menta Capital LLC cut its holdings in shares of Provident Financial Services, Inc (NYSE:PFS) by 67.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,117 shares of the savings and loans company’s stock after selling 16,965 shares during the quarter. Menta Capital LLC’s holdings in Provident Financial Services were worth $206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of Provident Financial Services by 5.1% during the second quarter. Jennison Associates LLC now owns 51,163 shares of the savings and loans company’s stock worth $1,299,000 after purchasing an additional 2,497 shares during the period. Systematic Financial Management LP increased its holdings in shares of Provident Financial Services by 3.8% during the second quarter. Systematic Financial Management LP now owns 471,698 shares of the savings and loans company’s stock worth $11,972,000 after purchasing an additional 17,223 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Provident Financial Services by 7.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 301,721 shares of the savings and loans company’s stock worth $7,800,000 after purchasing an additional 21,075 shares during the period. Legal & General Group Plc increased its holdings in shares of Provident Financial Services by 2.8% during the first quarter. Legal & General Group Plc now owns 110,127 shares of the savings and loans company’s stock worth $2,846,000 after purchasing an additional 2,988 shares during the period. Finally, Aberdeen Asset Management PLC UK bought a new position in shares of Provident Financial Services during the second quarter worth approximately $4,776,000. 61.23% of the stock is currently owned by institutional investors.

Shares of Provident Financial Services, Inc (NYSE PFS) opened at 26.86 on Thursday. Provident Financial Services, Inc has a 52-week low of $20.79 and a 52-week high of $28.92. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 18.52 and a beta of 1.01. The company’s 50 day moving average is $25.18 and its 200 day moving average is $25.16.

Provident Financial Services (NYSE:PFS) last posted its earnings results on Friday, July 28th. The savings and loans company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $83.87 million for the quarter, compared to analyst estimates of $81.24 million. Provident Financial Services had a net margin of 25.39% and a return on equity of 7.40%. Provident Financial Services’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Analysts anticipate that Provident Financial Services, Inc will post $1.49 earnings per share for the current year.

WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/05/menta-capital-llc-sells-16965-shares-of-provident-financial-services-inc-pfs.html.

Several research analysts have recently commented on PFS shares. DA Davidson started coverage on shares of Provident Financial Services in a report on Friday, September 1st. They set a “neutral” rating and a $25.00 target price on the stock. ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. BidaskClub cut shares of Provident Financial Services from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 target price on shares of Provident Financial Services in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Provident Financial Services presently has a consensus rating of “Hold” and a consensus target price of $27.50.

About Provident Financial Services

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.

Want to see what other hedge funds are holding PFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Provident Financial Services, Inc (NYSE:PFS).

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

Receive News & Stock Ratings for Provident Financial Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial Services Inc and related stocks with our FREE daily email newsletter.