Provident Financial Services (PFS) Earning Somewhat Favorable Press Coverage, Report Finds

Media stories about Provident Financial Services (NYSE:PFS) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. 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 coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 49.3868818868005 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Provident Financial Services opened at $27.39 on Friday, Marketbeat.com reports. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Provident Financial Services has a twelve month low of $23.19 and a twelve month high of $28.76. The company has a market cap of $1.83 billion, a PE ratio of 18.02, a PEG ratio of 1.87 and a beta of 0.93.

Provident Financial Services (NYSE:PFS) last issued its earnings results on Friday, April 27th. The savings and loans company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. Provident Financial Services had a return on equity of 7.89% and a net margin of 25.30%. The company had revenue of $86.58 million for the quarter, compared to analyst estimates of $86.38 million. During the same period in the prior year, the firm earned $0.37 earnings per share. Provident Financial Services’s revenue for the quarter was up 8.9% on a year-over-year basis. equities analysts predict that Provident Financial Services will post 1.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, May 14th. Provident Financial Services’s payout ratio is 52.63%.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research report on Monday, January 29th. Zacks Investment Research lowered Provident Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, Sandler O’Neill raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.42.

In other news, Director Edward Odonnell sold 5,000 shares of the company’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 transaction of $127,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

About Provident Financial Services

Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking 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 and KEOGH accounts.

Insider Buying and Selling by Quarter for Provident Financial Services (NYSE:PFS)

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