November 29, 2016 - By Louis Casey
John Pugliese, the director of Provident Financial Services Inc, sold 10,000 shares of the company, worth approximately $269,686 US Dollars, based on a stock price of $27.0 per share. John Pugliese owns around 0.13% of Provident Financial Services Inc’s market cap or 83,961 shares. John executed this sale on 29-11-2016. The document is readily available here at the SEC website.
Out of 6 analysts covering Provident Financial Services (NYSE:PFS), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $22 is the highest target while $20 is the lowest. The $21.33 average target is -21.72% below today’s ($27.25) stock price. Provident Financial Services has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Friday, August 14 report. The stock has “Neutral” rating given by Boenning & Scattergood on Friday, July 31. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 3. The stock has “Hold” rating given by Drexel Hamilton on Monday, August 3. The firm earned “Neutral” rating on Tuesday, November 10 by Piper Jaffray. The stock of Provident Financial Services, Inc. (NYSE:PFS) has “Hold” rating given on Tuesday, September 13 by Sandler O’Neill.
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.04, from 1.09 in 2016Q1. The ratio increased, as 6 funds sold all Provident Financial Services, Inc. shares owned while 48 reduced positions. 12 funds bought stakes while 47 increased positions. They now own 40.44 million shares or 0.63% more from 40.18 million shares in 2016Q1.
Amer Interest Grp Inc owns 45,134 shares or 0% of their US portfolio. Cap One Association, a New York-based fund reported 23,997 shares. Northern Trust Corporation accumulated 0.01% or 2.27M shares. Gemmer Asset Ltd last reported 157 shares in the company. Moreover, Royal National Bank Of Canada has 0% invested in Provident Financial Services, Inc. (NYSE:PFS) for 76,360 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Provident Financial Services, Inc. (NYSE:PFS) for 1,355 shares. Thrivent Financial For Lutherans accumulated 234,670 shares or 0.02% of the stock. Brown Brothers Harriman And has 5,000 shares for 0% of their US portfolio. Systematic Fincl Mngmt L P reported 478,162 shares or 0.13% of all its holdings. Texas Permanent School Fund reported 45,237 shares or 0.01% of all its holdings. Great West Life Assurance Can reported 5,454 shares or 0% of all its holdings. Voya Invest Management Lc has 0% invested in the company for 39,385 shares. Ls Inv Advsrs Limited Liability Company has 0% invested in the company for 2,029 shares. Credit Suisse Ag, a Switzerland-based fund reported 84,034 shares. Alliancebernstein Lp holds 0% of its portfolio in Provident Financial Services, Inc. (NYSE:PFS) for 96,931 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 10 sales for $2.53 million net activity. The insider NOVIELLI JACK sold 5,500 shares worth $118,183. The insider KUNTZ JOHN F sold $200,945. BLUM DONALD W had sold 10,994 shares worth $235,120 on Wednesday, August 31. The insider HERNANDEZ CARLOS sold 3,200 shares worth $65,092. $580,964 worth of Provident Financial Services, Inc. (NYSE:PFS) shares were sold by MARTIN CHRISTOPHER P. $93,078 worth of Provident Financial Services, Inc. (NYSE:PFS) was sold by FEKETE FRANK L. On Tuesday, August 23 Christy James A. sold $226,116 worth of the stock or 10,753 shares.
About 176,119 shares traded hands or 6.46% up from the average. Provident Financial Services, Inc. (NYSE:PFS) has risen 30.75% since April 26, 2016 and is uptrending. It has outperformed by 25.49% the S&P500.
Provident Financial Services Inc. is a holding firm for The Provident Bank . The company has a market cap of $1.80 billion. The Bank is a New Jersey-chartered capital stock savings bank. It has a 20.06 P/E ratio. 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.
According to Zacks Investment Research, “Provident Financial Services, Inc. is the holding company of The Provident Bank, a community- and customer-oriented banking company. The Provident Bank emphasizes personal service and customer convenience in attending to the financial needs of individuals, families and businesses in northern and central New Jersey. The bank offers a broad array of deposit, loan, trust and investment products. In keeping with its Customer-Centric Strategy.”
Analysts await Provident Financial Services, Inc. (NYSE:PFS) to report earnings on February, 3. They expect $0.37 EPS, up 8.82% or $0.03 from last year’s $0.34 per share. PFS’s profit will be $24.44M for 18.41 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Provident Financial Services, Inc. for the previous quarter, Wall Street now forecasts 2.78% EPS growth.
More news for Provident Financial Services, Inc. (NYSE:PFS) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: NorthStar Asset Management Group, Provident Financial ..” on November 08, 2016. Globenewswire.com‘s article titled: “Provident Financial Services, Inc. Schedules Second Quarter Earnings ..” and published on July 01, 2016 is yet another important article.
Provident Financial Services Inc., incorporated on August 13, 2002, is a holding firm 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. The Bank attracts deposits from the general public and businesses in the areas surrounding its banking offices and uses those funds, together with funds generated from activities and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. It operates approximately 90 service branch offices in the New Jersey counties of Hudson, Bergen, Essex, Mercer, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union and Warren, as well as in Bucks, Lehigh and Northampton counties in Pennsylvania.
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By Louis Casey