Private Advisor Group LLC raised its position in Provident Financial Services, Inc. (NYSE:PFS) by 32.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,637 shares of the savings and loans company’s stock after purchasing an additional 3,854 shares during the period. Private Advisor Group LLC’s holdings in Provident Financial Services were worth $427,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in 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 valued at $191,599,000 after purchasing an additional 24,423 shares in the last quarter. Vanguard Group Inc. lifted its holdings in 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 valued at $141,955,000 after purchasing an additional 44,502 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 valued at $141,951,000 after purchasing an additional 14,562 shares in the last quarter. Northern Trust Corp lifted its holdings in 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 valued at $62,043,000 after purchasing an additional 132,884 shares in the last quarter. Finally, State Street Corp lifted its holdings in 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 valued at $38,931,000 after purchasing an additional 60,670 shares in the last quarter. Institutional investors own 63.97% of the company’s stock.

In related news, Director Laura L. Brooks sold 4,075 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $25.99, for a total value of $105,909.25. Following the transaction, the director now owns 62,905 shares in the company, valued at $1,634,900.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank L. Fekete sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were 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 disclosure for this sale can be found here. Insiders sold 25,175 shares of company stock worth $690,186 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Shares of Provident Financial Services, Inc. (NYSE PFS) traded down $0.02 during mid-day trading on Wednesday, hitting $26.87. 343,400 shares of the stock traded hands, compared to its average volume of 194,251. The stock has a market cap of $1,787.58, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.74 and a beta of 0.97. Provident Financial Services, Inc. has a 1-year low of $23.19 and a 1-year high of $28.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings data on Friday, October 27th. The savings and loans company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $85.32 million for the quarter, compared to analyst estimates of $83.84 million. Provident Financial Services had a net margin of 25.90% and a return on equity of 7.61%. During the same period in the prior year, the firm posted $0.36 EPS. equities analysts expect that Provident Financial Services, Inc. will post 1.54 earnings per share for the current year.

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

A number of research analysts have issued reports on PFS shares. Royal Bank of Canada restated a “buy” rating and issued a $30.00 target price on shares of Provident Financial Services in a report on Friday, September 8th. DA Davidson began coverage on shares of Provident Financial Services in a report on Friday, September 1st. They set a “neutral” rating and a $25.00 price objective on the stock. Zacks Investment Research lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Boenning Scattergood reiterated a “hold” rating on shares of Provident Financial Services in a report on Friday, October 27th. Finally, ValuEngine lowered shares of Provident Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Provident Financial Services has an average rating of “Hold” and a consensus target price of $27.80.

TRADEMARK VIOLATION NOTICE: “Private Advisor Group LLC Purchases 3,854 Shares of Provident Financial Services, Inc. (PFS)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/private-advisor-group-llc-purchases-3854-shares-of-provident-financial-services-inc-pfs/1761691.html.

Provident Financial Services 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.

Institutional Ownership by Quarter for Provident Financial Services (NYSE:PFS)

Receive News & Ratings for Provident Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial Services and related companies with Analyst Ratings Network's FREE daily email newsletter.