Susquehanna International Group LLP bought a new position in Provident Financial Services, Inc (NYSE:PFS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,900 shares of the savings and loans company’s stock, valued at approximately $251,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake 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 worth $191,599,000 after acquiring an additional 24,423 shares during the period. Vanguard Group Inc. grew its stake 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 worth $141,955,000 after acquiring an additional 44,502 shares during the period. Dimensional Fund Advisors LP grew its stake 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 worth $141,951,000 after acquiring an additional 14,562 shares during the period. Northern Trust Corp grew its stake 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 worth $62,043,000 after acquiring an additional 132,884 shares during the period. Finally, State Street Corp grew its stake 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 worth $38,931,000 after acquiring an additional 60,670 shares during the period. 61.23% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented 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. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $25.50 target price on shares of Provident Financial Services in a research note on Friday, July 14th. ValuEngine cut shares of Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Provident Financial Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research raised shares of 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, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.50.

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Shares of Provident Financial Services, Inc (NYSE:PFS) traded down 0.51% during mid-day trading on Tuesday, hitting $27.53. 4,025 shares of the stock traded hands. Provident Financial Services, Inc has a 52 week low of $20.93 and a 52 week high of $28.92. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 18.99 and a beta of 1.01. The stock has a 50-day moving average of $25.75 and a 200-day moving average of $25.27.

Provident Financial Services (NYSE:PFS) last released its earnings results on Friday, July 28th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $83.87 million during the quarter, compared to the consensus estimate of $81.24 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Provident Financial Services, Inc will post $1.49 EPS for the current year.

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.

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

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