News coverage about Provident Financial Services (NYSE:PFS) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Provident Financial Services earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 45.5006326709438 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Provident Financial Services (NYSE PFS) traded up 0.93% during midday trading on Friday, reaching $24.90. The company’s stock had a trading volume of 508,944 shares. The stock has a 50-day moving average price of $24.95 and a 200 day moving average price of $25.19. The stock has a market capitalization of $1.60 billion, a PE ratio of 17.17 and a beta of 1.00. Provident Financial Services has a 52 week low of $20.64 and a 52 week high of $28.92.
Provident Financial Services (NYSE:PFS) last released its quarterly earnings data on Friday, July 28th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $83.87 million during the quarter, compared to analysts’ expectations of $81.24 million. Provident Financial Services had a return on equity of 7.40% and a net margin of 25.39%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Equities analysts forecast that Provident Financial Services will post $1.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a dividend of $0.20 per share. This is a boost from Provident Financial Services’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.21%. Provident Financial Services’s dividend payout ratio (DPR) is presently 54.79%.
Several equities research analysts have commented on PFS shares. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 8th. BidaskClub upgraded Provident Financial Services from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Sandler O’Neill upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and set a $30.00 price target on shares of Provident Financial Services in a research note on Friday, July 7th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $25.50 price target on shares of Provident Financial Services in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.50.
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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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