Swiss National Bank lifted its stake in shares of Provident Financial Services, Inc (NYSE:PFS) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,600 shares of the savings and loans company’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank owned about 0.16% of Provident Financial Services worth $2,655,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PFS. Prudential Financial Inc. grew its stake in Provident Financial Services by 14.1% in the 2nd quarter. Prudential Financial Inc. now owns 436,745 shares of the savings and loans company’s stock valued at $11,085,000 after acquiring an additional 54,110 shares during the last quarter. Victory Capital Management Inc. grew its stake in Provident Financial Services by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 31,655 shares of the savings and loans company’s stock valued at $803,000 after acquiring an additional 2,364 shares during the last quarter. Jennison Associates LLC grew its stake in Provident Financial Services by 5.1% in the 2nd quarter. Jennison Associates LLC now owns 51,163 shares of the savings and loans company’s stock valued at $1,299,000 after acquiring an additional 2,497 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Provident Financial Services by 56.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,089 shares of the savings and loans company’s stock valued at $561,000 after acquiring an additional 8,003 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Provident Financial Services by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 120,032 shares of the savings and loans company’s stock valued at $3,045,000 after acquiring an additional 9,905 shares during the last quarter. 61.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Provident Financial Services, Inc (NYSE:PFS) opened at 26.67 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 18.39 and a beta of 1.00. Provident Financial Services, Inc has a 52 week low of $20.73 and a 52 week high of $28.92. The company has a 50-day moving average of $24.90 and a 200-day moving average of $25.14.

Provident Financial Services (NYSE:PFS) last issued its quarterly earnings results on Friday, July 28th. The savings and loans company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Provident Financial Services had a net margin of 25.39% and a return on equity of 7.40%. The firm had revenue of $83.87 million for the quarter, compared to analysts’ expectations of $81.24 million. During the same period in the previous year, the business earned $0.34 earnings per share. Provident Financial Services’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Provident Financial Services, Inc will post $1.49 earnings per share for the current fiscal year.

PFS has been the topic of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of Provident Financial Services in a research note on Friday, July 7th. BidaskClub cut shares of Provident Financial Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. DA Davidson initiated coverage on shares of Provident Financial Services in a research note on Friday, September 1st. They issued a “neutral” rating and a $25.00 price objective on the stock. Sandler O’Neill raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.50.

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About Provident Financial Services

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)

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