Provident Financial Services (PFS) Given Media Sentiment Score of 0.16

News headlines about Provident Financial Services (NYSE:PFS) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Provident Financial Services earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 46.309327731987 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Provident Financial Services (NYSE PFS) opened at $27.48 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Provident Financial Services has a 52-week low of $23.19 and a 52-week high of $28.92. The company has a market capitalization of $1,830.00, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings data on Friday, October 27th. The savings and loans company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Provident Financial Services had a return on equity of 7.61% and a net margin of 25.90%. The company had revenue of $85.32 million during the quarter, compared to the consensus estimate of $83.84 million. During the same quarter last year, the company earned $0.36 EPS. sell-side analysts expect that Provident Financial Services will post 1.54 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a dividend yield of 3.01%. Provident Financial Services’s dividend payout ratio is currently 52.98%.

PFS has been the subject of several recent analyst reports. DA Davidson initiated coverage on Provident Financial Services in a research note on Friday, September 1st. They set a “neutral” rating and a $25.00 target price for the company. Zacks Investment Research upgraded Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.50 target price on shares of Provident Financial Services in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “buy” rating and set a $30.00 target price on shares of Provident Financial Services in a research note on Friday, September 8th. Finally, ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.80.

In related news, Director Frank L. Fekete sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.33, for a total transaction of $245,970.00. Following the completion of the transaction, the director now owns 48,903 shares in the company, valued at approximately $1,336,518.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Odonnell sold 3,000 shares of the firm’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 of the company’s stock, 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 valued at $690,186 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

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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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