1 week Ago By ABMN Staff
JPMorgan Chase & Co. grew its holdings in shares of Provident Financial Services, Inc. ( NYSE:PFS – Free Report ) by 23.
2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 980,654 shares of the savings and loans company’s stock after buying an additional 184,799 shares during the period.
JPMorgan Chase & Co.’s holdings in Provident Financial Services were worth $18,505,000 as of its most recent SEC filing. Other hedge funds have also recently modified their holdings of the company.
Nomura Asset Management Co. Ltd. lifted its position in Provident Financial Services by 120.
6% during the 3rd quarter. Nomura Asset Management Co. Ltd.
now owns 1,500 shares of the savings and loans company’s stock valued at $28,000 after acquiring an additional 820 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Provident Financial Services during the fourth quarter valued at approximately $99,000. KBC Group NV boosted its position in shares of Provident Financial Services by 40.
7% in the 4th quarter. KBC Group NV now owns 6,387 shares of the savings and loans company’s stock worth $121,000 after purchasing an additional 1,848 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Provident Financial Services by 141.
1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,533 shares of the savings and loans company’s stock worth $142,000 after buying an additional 4,408 shares during the last quarter. Finally, Allworth Financial LP increased its position in Provident Financial Services by 35,936.
4% during the 4th quarter. Allworth Financial LP now owns 7,928 shares of the savings and loans company’s stock valued at $151,000 after buying an additional 7,906 shares in the last quarter. Institutional investors own 71.
97% of the company’s stock. Provident Financial Services Price Performance Shares of PFS opened at $14.68 on Friday.
The firm has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $18.75.
The firm has a market cap of $1.92 billion, a PE ratio of 13.98 and a beta of 0.
84. The company has a current ratio of 1.01, a quick ratio of 1.
01 and a debt-to-equity ratio of 0.95. Provident Financial Services, Inc.
has a 1-year low of $13.07 and a 1-year high of $22.24.
Provident Financial Services Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.24 dividend.
This represents a $0.96 annualized dividend and a dividend yield of 6.54%.
The ex-dividend date was Friday, February 14th. Provident Financial Services’s dividend payout ratio (DPR) is presently 91.43%.
Wall Street Analysts Forecast Growth Several equities research analysts have commented on PFS shares. Royal Bank of Canada dropped their target price on Provident Financial Services from $24.00 to $23.
00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Hovde Group began coverage on shares of Provident Financial Services in a report on Friday, December 13th. They set an “outperform” rating and a $25.
00 price target on the stock. Finally, StockNews.com raised Provident Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th.
One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Provident Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.
00. View Our Latest Stock Analysis on Provident Financial Services Provident Financial Services Profile ( Free Report ) Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products.
Recommended Stories Want to see what other hedge funds are holding PFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Provident Financial Services, Inc. ( NYSE:PFS – Free Report ).
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