Provident Financial Services (PFS) Earns Daily Media Impact Score of 0.09

Headlines about Provident Financial Services (NYSE:PFS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Provident Financial Services earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 45.2330625756537 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Provident Financial Services (NYSE PFS) opened at $27.00 on Monday. The stock has a market cap of $1,794.88, a price-to-earnings ratio of 17.88, a PEG ratio of 1.75 and a beta of 0.97. 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 has a 1-year low of $23.19 and a 1-year high of $28.92.

Provident Financial Services (NYSE:PFS) last announced its quarterly earnings results on Friday, October 27th. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $85.32 million during the quarter, compared to the consensus estimate 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 business earned $0.36 earnings per share. research analysts predict that Provident Financial Services will post 1.54 EPS for the current fiscal year.

The business also recently declared 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 dividend payout ratio (DPR) is presently 52.98%.

Several equities research analysts have weighed in on the company. Sandler O’Neill cut Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Boenning Scattergood restated a “hold” rating on shares of Provident Financial Services in a research note on Friday, October 27th. Zacks Investment Research cut Provident Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine upgraded Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $30.00 target price on shares of Provident Financial Services in a research note on Friday, September 8th. One equities research 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’s stock. The company has an average rating of “Hold” and a consensus price target of $27.80.

In related news, EVP Donald W. Blum sold 6,100 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $28.47, for a total value of $173,667.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Odonnell sold 3,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $27.30, for a total value of $81,900.00. Following the completion of the sale, the director now owns 91,335 shares of the company’s stock, valued at $2,493,445.50. The disclosure for this sale can be found here. Insiders have sold 25,175 shares of company stock valued at $690,186 over the last quarter. Company insiders own 2.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Provident Financial Services (NYSE:PFS)

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