Media stories about Provident Financial Services (NYSE:PFS) have trended positive recently, Alpha One Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Financial Services earned a daily sentiment score of 0.41 on Alpha One’s scale. Alpha One also gave media coverage about the savings and loans company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the next few days.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Provident Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, March 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price target on shares of Provident Financial Services in a research note on Friday, April 28th.
Shares of Provident Financial Services (NYSE:PFS) traded down 0.88% during mid-day trading on Friday, hitting $23.74. 173,580 shares of the stock were exchanged. The stock has a 50-day moving average price of $25.34 and a 200 day moving average price of $26.24. Provident Financial Services has a 52-week low of $18.59 and a 52-week high of $28.92. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 16.78 and a beta of 0.99.
Provident Financial Services (NYSE:PFS) last posted its quarterly earnings data on Friday, April 28th. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Provident Financial Services had a net margin of 24.55% and a return on equity of 7.11%. The firm had revenue of $79.50 million for the quarter, compared to the consensus estimate of $80.78 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts expect that Provident Financial Services will post $1.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, May 11th. This represents a $0.76 annualized dividend and a dividend yield of 3.17%. This is an increase from Provident Financial Services’s previous quarterly dividend of $0.18. Provident Financial Services’s dividend payout ratio is 55.07%.
In other news, Director Carlos Hernandez sold 2,650 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $24.56, for a total transaction of $65,084.00. Following the transaction, the director now owns 81,408 shares in the company, valued at $1,999,380.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.
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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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