News headlines about Provident Financial Services (NYSE:PFS) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Provident Financial Services earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the savings and loans company an impact score of 45.8652609986717 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Insider Selling: Provident Financial Services, Inc. (PFS) Director Sells 11,786 Shares of Stock (americanbankingnews.com)
- Provident Financial Services, Inc. (PFS) Director Edward Odonnell Sells 5,000 Shares (americanbankingnews.com)
- Provident Financial Services, Inc. (PFS) Shares Bought by Arizona State Retirement System (americanbankingnews.com)
- Provident Financial Services, Inc. (PFS) Holdings Decreased by Martingale Asset Management L P (americanbankingnews.com)
- Schwab Charles Investment Management Inc. Raises Stake in Provident Financial Services, Inc. (PFS) (americanbankingnews.com)
A number of research firms have issued reports on PFS. Boenning Scattergood reiterated a “hold” rating on shares of Provident Financial Services in a research note on Monday, January 29th. Sandler O’Neill downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 price target on shares of Provident Financial Services in a research note on Tuesday, January 9th. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.42.
Provident Financial Services (NYSE:PFS) last released its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Provident Financial Services had a net margin of 24.75% and a return on equity of 7.61%. The company had revenue of $85.20 million for the quarter, compared to analyst estimates of $85.36 million. During the same quarter last year, the firm posted $0.35 EPS. equities research analysts expect that Provident Financial Services will post 1.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. Provident Financial Services’s payout ratio is presently 54.79%.
In other news, Director Edward Odonnell sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $25.40, for a total value of $127,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by insiders.
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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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