Provident Financial Services (PFS) Receiving Somewhat Favorable Media Coverage, Report Shows

Press coverage about Provident Financial Services (NYSE:PFS) has been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Provident Financial Services earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media headlines about the savings and loans company an impact score of 45.3399920938236 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Shares of PFS stock traded down $0.47 during trading on Friday, hitting $25.44. 109,908 shares of the stock traded hands, compared to its average volume of 168,173. The firm has a market cap of $1,717.19, a PE ratio of 16.74, a PEG ratio of 1.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.12. Provident Financial Services has a 52-week low of $23.19 and a 52-week high of $28.76.

Provident Financial Services (NYSE:PFS) last released its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The firm had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $85.36 million. Provident Financial Services had a net margin of 24.75% and a return on equity of 7.61%. During the same period in the previous year, the firm posted $0.35 EPS. equities research analysts predict that Provident Financial Services will post 1.84 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Provident Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. ValuEngine raised shares of Provident Financial Services from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Boenning Scattergood reissued a “hold” rating on shares of Provident Financial Services in a research note on Monday, January 29th. Sandler O’Neill raised shares of Provident Financial Services from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, January 26th. Finally, Piper Jaffray reissued a “hold” rating and issued a $28.00 target price on shares of Provident Financial Services in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.42.

In other news, Director Edward Odonnell sold 11,786 shares of Provident Financial Services stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $25.84, for a total transaction of $304,550.24. Following the sale, the director now owns 71,549 shares of the company’s stock, valued at approximately $1,848,826.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

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About Provident Financial Services

Provident Financial Services, Inc operates as the holding company for Provident Bank that provides various banking 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 and KEOGH accounts.

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

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