A Director at Provident Financial Services (PFS) is Buying Shares


Today, a Director at Provident Financial Services (NYSE: PFS), Matthew Harding, bought shares of PFS for $25.73K.

Following Matthew Harding’s last PFS Buy transaction on May 28, 2015, the stock climbed by 9.1%. Following this transaction Matthew Harding’s holding in the company was increased by 3.18% to a total of $833.5K.

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Based on Provident Financial Services’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $102 million and quarterly net profit of $19.24 million. In comparison, last year the company earned revenue of $95.48 million and had a net profit of $24.38 million. PFS’s market cap is $1.72B and the company has a P/E ratio of 17.85. Currently, Provident Financial Services has an average volume of 255.9K.

Eight different firms, including Boenning & Scattergood and Guggenheim, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $27.33, reflecting a -7.7% downside.

The insider sentiment on Provident Financial Services has been positive according to 74 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Matthew Harding’s trades have generated a 20.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Provident Financial Services, Inc. operates as a holding company for The Provident Bank, which provides banking services to individual and corporate customers in northern and central New Jersey. And eastern Pennsylvania.

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