15,086 Shares in Provident Financial Services, Inc $PFS Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of Provident Financial Services, Inc (NYSE:PFS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,086 shares of the savings and loans company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Provident Financial Services in the first quarter valued at about $242,000. EJF Capital LLC boosted its holdings in shares of Provident Financial Services by 50.6% during the 1st quarter. EJF Capital LLC now owns 221,335 shares of the savings and loans company’s stock worth $3,800,000 after buying an additional 74,327 shares during the period. Teacher Retirement System of Texas bought a new position in Provident Financial Services in the 1st quarter valued at about $311,000. Bridgeway Capital Management LLC lifted its position in Provident Financial Services by 14.8% during the first quarter. Bridgeway Capital Management LLC now owns 452,258 shares of the savings and loans company’s stock worth $7,765,000 after acquiring an additional 58,462 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Provident Financial Services by 30.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,893 shares of the savings and loans company’s stock worth $50,000 after acquiring an additional 667 shares during the period. 71.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PFS shares. DA Davidson lowered Provident Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Provident Financial Services in a research report on Wednesday, October 8th. Zacks Research downgraded Provident Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Hovde Group upped their price target on shares of Provident Financial Services from $22.50 to $23.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.70.

Insider Buying and Selling at Provident Financial Services

In other news, CEO George Lista sold 8,262 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $18.35, for a total value of $151,607.70. Following the completion of the transaction, the chief executive officer directly owned 108,656 shares in the company, valued at approximately $1,993,837.60. The trade was a 7.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Pugliese sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $19.91, for a total transaction of $497,750.00. Following the sale, the director directly owned 87,907 shares of the company’s stock, valued at approximately $1,750,228.37. This trade represents a 22.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,262 shares of company stock valued at $709,058 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

Provident Financial Services Price Performance

Shares of NYSE PFS opened at $18.73 on Friday. The stock has a market capitalization of $2.45 billion, a PE ratio of 9.55 and a beta of 0.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $19.16 and a two-hundred day moving average price of $18.33. Provident Financial Services, Inc has a fifty-two week low of $14.34 and a fifty-two week high of $22.24.

Provident Financial Services (NYSE:PFS) last released its earnings results on Thursday, February 17th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. Provident Financial Services had a return on equity of 9.72% and a net margin of 18.76%.The company had revenue of $114.54 million for the quarter. As a group, equities analysts predict that Provident Financial Services, Inc will post 2.14 earnings per share for the current fiscal year.

Provident Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, November 14th. Provident Financial Services’s dividend payout ratio is presently 48.98%.

Provident Financial Services Company Profile

Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.