Citadel Advisors LLC cut its holdings in Provident Financial Services, Inc (NYSE:PFS) by 30.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,504 shares of the savings and loans company’s stock after selling 36,843 shares during the quarter. Citadel Advisors LLC owned approximately 0.12% of Provident Financial Services worth $2,201,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Provident Financial Services by 0.3% in the 2nd quarter. BlackRock Inc. now owns 7,549,296 shares of the savings and loans company’s stock worth $191,599,000 after buying an additional 24,423 shares during the period. Vanguard Group Inc. grew its position in shares of Provident Financial Services by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,593,194 shares of the savings and loans company’s stock worth $141,955,000 after buying an additional 44,502 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Provident Financial Services by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,592,982 shares of the savings and loans company’s stock worth $141,951,000 after buying an additional 14,562 shares during the period. Northern Trust Corp grew its position in shares of Provident Financial Services by 5.7% in the 2nd quarter. Northern Trust Corp now owns 2,444,532 shares of the savings and loans company’s stock worth $62,043,000 after buying an additional 132,884 shares during the period. Finally, State Street Corp grew its position in shares of Provident Financial Services by 4.1% in the 2nd quarter. State Street Corp now owns 1,533,692 shares of the savings and loans company’s stock worth $38,931,000 after buying an additional 60,670 shares during the period. 63.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Provident Financial Services, Inc (PFS) traded up $0.68 during mid-day trading on Tuesday, reaching $28.13. 277,100 shares of the company traded hands, compared to its average volume of 192,298. Provident Financial Services, Inc has a one year low of $23.19 and a one year high of $28.92. The stock has a market cap of $1,824.81, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 (NYSE:PFS) last announced its quarterly earnings data on Friday, October 27th. The savings and loans company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Provident Financial Services had a net margin of 25.90% and a return on equity of 7.61%. The company had revenue of $85.32 million for the quarter, compared to the consensus estimate of $83.84 million. During the same period in the prior year, the firm posted $0.36 EPS. analysts anticipate that Provident Financial Services, Inc will post 1.54 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.15 per share. This represents a yield of 3.01%. The ex-dividend date is Thursday, December 7th. Provident Financial Services’s dividend payout ratio (DPR) is 52.98%.

PFS has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 target price on shares of Provident Financial Services in a research report on Friday, September 8th. DA Davidson started coverage on shares of Provident Financial Services in a research report on Friday, September 1st. They set a “neutral” rating and a $25.00 price objective on the stock. Zacks Investment Research downgraded shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $28.50 price objective on shares of Provident Financial Services in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.80.

In other news, Director Laura L. Brooks sold 4,075 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $25.99, for a total transaction of $105,909.25. Following the sale, the director now owns 62,905 shares of the company’s stock, valued at approximately $1,634,900.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Odonnell sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $27.30, for a total transaction of $81,900.00. Following the sale, the director now directly owns 91,335 shares in the company, valued at approximately $2,493,445.50. The disclosure for this sale can be found here. Insiders have sold a total of 16,175 shares of company stock worth $444,216 over the last three months. 2.90% of the stock is currently 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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Institutional Ownership by Quarter for Provident Financial Services (NYSE:PFS)

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