Great West Life Assurance Co. Can trimmed its holdings in shares of Provident Financial Services, Inc. (NYSE:PFS) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,877 shares of the savings and loans company’s stock after selling 6,385 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of Provident Financial Services worth $2,167,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PFS. Aberdeen Asset Management PLC UK bought a new stake in Provident Financial Services during the second quarter worth approximately $4,776,000. Cortina Asset Management LLC bought a new stake in Provident Financial Services during the third quarter worth approximately $3,659,000. Northern Trust Corp boosted its holdings in Provident Financial Services by 5.7% during the second quarter. Northern Trust Corp now owns 2,444,532 shares of the savings and loans company’s stock worth $62,043,000 after buying an additional 132,884 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Provident Financial Services during the third quarter worth approximately $1,807,000. Finally, Kistler Tiffany Companies LLC bought a new stake in Provident Financial Services during the third quarter worth approximately $1,662,000. Hedge funds and other institutional investors own 63.97% of the company’s stock.

PFS has been the subject of a number of research reports. Royal Bank of Canada restated a “buy” rating and set a $30.00 target price on shares of Provident Financial Services in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, November 1st. ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Sandler O’Neill lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.50 price objective on shares of Provident Financial Services in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.80.

In other Provident Financial Services news, Director Carlos Hernandez sold 3,000 shares of Provident Financial Services stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $27.58, for a total transaction of $82,740.00. Following the completion of the sale, the director now owns 81,958 shares of the company’s stock, valued at approximately $2,260,401.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald W. Blum sold 6,100 shares of Provident Financial Services stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $28.47, for a total transaction of $173,667.00. The disclosure for this sale can be found here. Insiders sold a total of 25,175 shares of company stock valued at $690,186 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Provident Financial Services, Inc. (NYSE:PFS) traded up $0.80 during trading on Friday, reaching $27.45. 929,523 shares of the company were exchanged, compared to its average volume of 313,459. Provident Financial Services, Inc. has a 1 year low of $23.19 and a 1 year high of $28.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The firm has a market cap of $1,830.00, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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

The company also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.15 dividend. This represents a yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 7th. Provident Financial Services’s dividend payout ratio is 52.98%.

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Provident Financial Services Company Profile

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

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