Provident Financial Services (PFS) Receives Daily News Impact Score of 0.26
Media stories about Provident Financial Services (NYSE:PFS) have been trending positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Financial Services earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the savings and loans company an impact score of 48.5728365915484 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
PFS has been the subject of several research reports. Sandler O’Neill downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 target price on shares of Provident Financial Services in a report on Tuesday, January 9th. Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a report on Friday, October 27th. Zacks Investment Research downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, ValuEngine raised Provident Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.30.
Provident Financial Services (NYSE:PFS) opened at $27.44 on Friday. The stock has a market capitalization of $1,840.00, a PE ratio of 18.17, a P/E/G ratio of 1.64 and a beta of 0.97. 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 1.19, a current ratio of 1.08 and a quick ratio of 1.08.
The business also recently declared a special dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.15 dividend. This represents a yield of 3.01%. The ex-dividend date of this dividend was Thursday, December 7th. Provident Financial Services’s dividend payout ratio (DPR) is presently 52.98%.
In other Provident Financial Services news, Director Laura L. Brooks sold 4,075 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $25.99, for a total transaction of $105,909.25. Following the transaction, the director now owns 62,905 shares in the company, valued at approximately $1,634,900.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Odonnell sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $27.30, for a total value of $81,900.00. Following the transaction, the director now owns 91,335 shares in the company, valued at approximately $2,493,445.50. The disclosure for this sale can be found here. Insiders sold a total of 25,175 shares of company stock worth $690,186 in the last 90 days. 2.90% of the stock is currently owned by insiders.
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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