Provident Financial Services, Inc (NYSE:PFS) Director Laura L. Brooks sold 4,075 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $25.99, for a total transaction of $105,909.25. Following the sale, the director now directly owns 62,905 shares of the company’s stock, valued at $1,634,900.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Provident Financial Services, Inc (NYSE:PFS) traded up $0.07 on Wednesday, reaching $26.22. 160,200 shares of the company traded hands, compared to its average volume of 183,382. The company has a market capitalization of $1,738.38, a price-to-earnings ratio of 17.32, a PEG ratio of 1.69 and a beta of 0.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. Provident Financial Services, Inc has a 52-week low of $23.19 and a 52-week high of $28.92.

Provident Financial Services (NYSE:PFS) last issued its quarterly earnings data on Friday, October 27th. The savings and loans company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.84 million. Provident Financial Services had a net margin of 25.90% and a return on equity of 7.61%. During the same quarter last year, the firm earned $0.36 earnings per share. research analysts expect that Provident Financial Services, Inc will post 1.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, November 14th. Provident Financial Services’s payout ratio is presently 52.98%.

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A number of hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its holdings in Provident Financial Services by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the savings and loans company’s stock valued at $627,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System grew its holdings in Provident Financial Services by 0.3% during the second quarter. Arizona State Retirement System now owns 31,618 shares of the savings and loans company’s stock valued at $802,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank grew its holdings in Provident Financial Services by 1.5% during the second quarter. Amalgamated Bank now owns 8,387 shares of the savings and loans company’s stock valued at $213,000 after purchasing an additional 126 shares during the last quarter. Texas Permanent School Fund grew its holdings in Provident Financial Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 44,301 shares of the savings and loans company’s stock valued at $1,124,000 after purchasing an additional 521 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Provident Financial Services by 0.4% during the second quarter. Rhumbline Advisers now owns 127,344 shares of the savings and loans company’s stock valued at $3,232,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 61.50% of the company’s stock.

PFS has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of Provident Financial Services in a research note on Friday, September 8th. Zacks Investment Research raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.50 price target on shares of Provident Financial Services in a research report on Wednesday, November 1st. Finally, Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.80.

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.

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