Dalton Greiner Hartman Maher & Co. lifted its holdings in Provident Financial Services, Inc. (NYSE:PFS) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 825,306 shares of the savings and loans company’s stock after purchasing an additional 27,406 shares during the quarter. Provident Financial Services comprises about 1.2% of Dalton Greiner Hartman Maher & Co.’s portfolio, making the stock its 22nd biggest position. Dalton Greiner Hartman Maher & Co.’s holdings in Provident Financial Services were worth $22,259,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PFS. Schwab Charles Investment Management Inc. boosted its position in shares of Provident Financial Services by 9.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 331,707 shares of the savings and loans company’s stock worth $8,419,000 after purchasing an additional 29,986 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Provident Financial Services in the 2nd quarter worth $118,000. Legal & General Group Plc raised its stake in Provident Financial Services by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 120,032 shares of the savings and loans company’s stock worth $3,045,000 after acquiring an additional 9,905 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Provident Financial Services by 56.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,089 shares of the savings and loans company’s stock worth $561,000 after acquiring an additional 8,003 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Provident Financial Services by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 31,655 shares of the savings and loans company’s stock worth $803,000 after acquiring an additional 2,364 shares during the last quarter. 63.67% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. Sandler O’Neill lowered 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. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Boenning Scattergood restated a “hold” rating on shares of Provident Financial Services in a research note on Friday, October 27th. Zacks Investment Research lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.50 target price 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. The company currently has an average rating of “Hold” and a consensus price target of $28.30.

In other Provident Financial Services news, Director Frank L. Fekete sold 9,000 shares of Provident Financial Services stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.33, for a total transaction of $245,970.00. Following the completion of the transaction, the director now owns 48,903 shares in the company, valued at approximately $1,336,518.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald W. Blum sold 6,100 shares of Provident Financial Services stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $28.47, for a total value of $173,667.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,175 shares of company stock valued at $690,186 in the last quarter. Company insiders own 2.90% of the company’s stock.

Shares of Provident Financial Services, Inc. (NYSE PFS) traded up $0.19 during mid-day trading on Wednesday, reaching $27.01. The company had a trading volume of 129,300 shares, compared to its average volume of 153,417. The stock has a market cap of $1,800.00, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. Provident Financial Services, Inc. has a one year low of $23.19 and a one year high of $28.76.

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

The business also recently disclosed a special dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a dividend yield of 3.01%. Provident Financial Services’s payout ratio is currently 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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