Provident Financial Services Inc (NYSE:PFS) Stock Sentiment Improves

April 16, 2018 - By Vivian Park

Provident Financial Services, Inc. (NYSE:PFS) Logo

Sentiment for Provident Financial Services Inc (NYSE:PFS)

Provident Financial Services Inc (NYSE:PFS) institutional sentiment increased to 1.51 in 2017 Q4. Its up 0.54, from 0.97 in 2017Q3. The ratio is better, as 77 investment managers increased or opened new equity positions, while 51 sold and trimmed equity positions in Provident Financial Services Inc. The investment managers in our partner’s database now possess: 40.36 million shares, up from 39.64 million shares in 2017Q3. Also, the number of investment managers holding Provident Financial Services Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 15 Reduced: 36 Increased: 59 New Position: 18.

Provident Financial Services, Inc. operates as the holding firm for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company has market cap of $1.67 billion. The Company’s deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA and KEOGH accounts. It has a 17.77 P/E ratio. The companyÂ’s loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans.

The stock decreased 0.04% or $0.01 during the last trading session, reaching $25.77. About 17,518 shares traded. Provident Financial Services, Inc. (NYSE:PFS) has risen 2.15% since April 16, 2017 and is uptrending. It has underperformed by 9.40% the S&P500.

Analysts await Provident Financial Services, Inc. (NYSE:PFS) to report earnings on April, 27. They expect $0.44 earnings per share, up 18.92 % or $0.07 from last year’s $0.37 per share. PFS’s profit will be $28.53M for 14.64 P/E if the $0.44 EPS becomes a reality. After $0.36 actual earnings per share reported by Provident Financial Services, Inc. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

Dalton Greiner Hartman Maher & Co holds 1.17% of its portfolio in Provident Financial Services, Inc. for 825,306 shares. Kistler owns 62,300 shares or 0.66% of their US portfolio. Moreover, Highlander Capital Management Llc has 0.39% invested in the company for 19,725 shares. The Massachusetts-based Alpha Windward Llc has invested 0.31% in the stock. Systematic Financial Management Lp, a New Jersey-based fund reported 475,941 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $431,562 activity.

Provident Financial Services, Inc. (NYSE:PFS) Ratings Coverage

Ratings analysis reveals 67% of Provident Financial Services’s analysts are positive. Out of 3 Wall Street analysts rating Provident Financial Services, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $28.0 while the high is $30.5. The stock’s average target of $29 is 12.53% above today’s ($25.77) share price. PFS was included in 6 notes of analysts from October 27, 2017. The stock of Provident Financial Services, Inc. (NYSE:PFS) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Sandler O’Neill upgraded the shares of PFS in report on Friday, January 26 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Sunday, January 28. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. The firm has “Hold” rating by Sandler O’Neill given on Thursday, November 30. The rating was maintained by RBC Capital Markets on Friday, October 27 with “Buy”.

Provident Financial Services, Inc. (NYSE:PFS) Institutional Positions Chart

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