6 days Ago By ABMN Staff
Provident Financial Services ( NYSE:PFS – Free Report ) had its price target trimmed by Keefe, Bruyette & Woods from $23.00 to $22.00 in a report published on Monday, Benzinga reports.
The brokerage currently has an outperform rating on the savings and loans company’s stock. PFS has been the subject of a number of other research reports. StockNews.
com raised Provident Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Royal Bank of Canada lowered their price target on shares of Provident Financial Services from $24.00 to $23.
00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.25. Get Our Latest Analysis on Provident Financial Services Provident Financial Services Stock Performance Provident Financial Services ( NYSE:PFS – Get Free Report ) last released its quarterly earnings results on Thursday, April 24th.
The savings and loans company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.
03. Provident Financial Services had a return on equity of 5.60% and a net margin of 10.
13%. The company had revenue of $208.76 million during the quarter, compared to analysts’ expectations of $206.
86 million. During the same quarter in the prior year, the firm posted $0.43 EPS.
Provident Financial Services’s quarterly revenue was up 82.4% compared to the same quarter last year. Sell-side analysts anticipate that Provident Financial Services will post 2.
14 EPS for the current fiscal year. Provident Financial Services Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.
24 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.
96 dividend on an annualized basis and a yield of 5.80%. Provident Financial Services’s payout ratio is currently 86.
49%. Institutional Inflows and Outflows A number of large investors have recently bought and sold shares of the stock. Savant Capital LLC lifted its position in Provident Financial Services by 6.
5% in the fourth quarter. Savant Capital LLC now owns 10,931 shares of the savings and loans company’s stock valued at $206,000 after buying an additional 664 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Provident Financial Services by 1.
0% in the first quarter. Illinois Municipal Retirement Fund now owns 72,088 shares of the savings and loans company’s stock valued at $1,238,000 after buying an additional 699 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Provident Financial Services by 5.
2% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,240 shares of the savings and loans company’s stock valued at $269,000 after buying an additional 704 shares during the last quarter. Summit Investment Advisors Inc.
lifted its position in Provident Financial Services by 5.7% in the fourth quarter. Summit Investment Advisors Inc.
now owns 13,172 shares of the savings and loans company’s stock valued at $249,000 after buying an additional 714 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in Provident Financial Services by 0.4% during the fourth quarter.
Foundry Partners LLC now owns 191,748 shares of the savings and loans company’s stock worth $3,618,000 after purchasing an additional 730 shares during the period. Institutional investors and hedge funds own 71.97% of the company’s stock.
Provident Financial Services Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Provident Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial Services and related companies with MarketBeat.
com's FREE daily email newsletter ..
