Provident Financial Services Inc (NYSE:PFS) shares traded -0.12% lower at $16.11 on Wall Street last session.
PFS stock price is now 8.55% away from the 50-day moving average and 1.94% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.
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With the price target enhanced from $15 to $20, DA Davidson Upgraded its rating from Neutral to Buy for Provident Financial Services Inc (NYSE: PFS). On August 22, 2023, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $20, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, LISTA GEORGE, Pres/CEO Prov Protection Plus bought 1,094 shares of the company’s stock on Feb 05 ’24. The stock was bought for $17,335 at an average price of $15.85. Upon completion of the transaction, the Pres/CEO Prov Protection Plus now directly owns 7,835 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’24, Director McNerney Robert sold 5,000 shares of the business’s stock. A total of $89,312 was realized by selling the stock at an average price of $17.86. This leaves the insider owning 9,475 shares of the company worth $0.15 million. A total of 8.97% of the company’s stock is owned by insiders.
During the past 12 months, Provident Financial Services Inc has had a low of $13.21 and a high of $19.62.
According to the Banks – Regional Company, earnings per share came in at 0.45, beating analysts’ expectations of 0.44 by 0.01. This compares to $0.54 EPS in the same period last year. The net profit margin was 16.79% and return on equity was 7.19% for PFS. The company reported revenue of $163.86 million for the quarter, compared to $143.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.14 percent. For the current quarter, analysts expect PFS to generate $118.54M in revenue.
