News coverage about Provident Financial Services (NYSE:PFS) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Provident Financial Services earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 46.3547768864289 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts have recently weighed in on PFS shares. Zacks Investment Research upgraded Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.50 price target on shares of Provident Financial Services in a research note on Wednesday, November 1st. Sandler O’Neill upgraded Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Friday, January 26th. Boenning Scattergood restated a “hold” rating on shares of Provident Financial Services in a research note on Monday, January 29th. Finally, ValuEngine lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Provident Financial Services presently has an average rating of “Hold” and a consensus price target of $28.42.
Shares of Provident Financial Services (PFS) opened at $25.65 on Friday. The company has a market capitalization of $1,705.96, a P/E ratio of 17.57, a P/E/G ratio of 1.74 and a beta of 0.94. Provident Financial Services has a 52-week low of $23.19 and a 52-week high of $28.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.12 and a quick ratio of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%. Provident Financial Services’s dividend payout ratio is currently 54.79%.
In related news, Director Carlos Hernandez sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $27.58, for a total value of $82,740.00. Following the sale, the director now owns 81,958 shares in the company, valued at $2,260,401.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donald W. Blum sold 6,100 shares of the company’s stock in a transaction that occurred on 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. In the last quarter, insiders sold 18,100 shares of company stock worth $502,377. 2.90% of the stock is owned by insiders.
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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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