Media headlines about Provident Financial Services (NYSE:PFS) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Provident Financial Services earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the savings and loans company an impact score of 45.8250061405609 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
PFS has been the subject of several analyst reports. DA Davidson initiated coverage on Provident Financial Services in a research report on Friday, September 1st. They set a “neutral” rating and a $25.00 price objective for the company. BidaskClub downgraded Provident Financial Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price objective on shares of Provident Financial Services in a research report on Friday, September 8th. ValuEngine downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.50.
Provident Financial Services (NYSE PFS) traded down 1.05% during midday trading on Tuesday, reaching $27.38. The company’s stock had a trading volume of 51,110 shares. Provident Financial Services has a 52-week low of $20.93 and a 52-week high of $28.92. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.88 and a beta of 1.01. The firm has a 50-day moving average price of $25.75 and a 200 day moving average price of $25.27.
Provident Financial Services (NYSE:PFS) last released its quarterly earnings results on Friday, July 28th. The savings and loans company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Provident Financial Services had a net margin of 25.39% and a return on equity of 7.40%. The business had revenue of $83.87 million for the quarter, compared to analysts’ expectations of $81.24 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Provident Financial Services’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Provident Financial Services will post $1.49 EPS for the current fiscal year.
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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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