27,308 Shares in Provident Financial Services, Inc. (NYSE:PFS) Purchased by Prelude Capital Management LLC

Prelude Capital Management LLC purchased a new position in shares of Provident Financial Services, Inc. (NYSE:PFS – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,308 shares of the savings and loans company’s stock, valued at approximately $533,000.

Several other large investors also recently added to or reduced their stakes in PFS. Federated Hermes Inc. boosted its position in Provident Financial Services by 132.8% in the 3rd quarter. Federated Hermes Inc. now owns 1,867 shares of the savings and loans company’s stock valued at $36,000 after buying an additional 1,065 shares during the period. Assetmark Inc. boosted its position in Provident Financial Services by 50.4% in the 3rd quarter. Assetmark Inc. now owns 1,886 shares of the savings and loans company’s stock valued at $37,000 after buying an additional 632 shares during the period. Advisor Group Holdings Inc. boosted its position in Provident Financial Services by 35.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,785 shares of the savings and loans company’s stock valued at $42,000 after buying an additional 470 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Provident Financial Services in the 3rd quarter valued at about $44,000. Finally, FMR LLC boosted its position in Provident Financial Services by 48.7% in the 2nd quarter. FMR LLC now owns 4,016 shares of the savings and loans company’s stock valued at $90,000 after buying an additional 1,315 shares during the period. 65.22% of the stock is owned by hedge funds and other institutional investors.

Provident Financial Services Price Performance

Provident Financial Services stock opened at $20.70 on Monday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 8.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.98 and a quick ratio of 0.98. Provident Financial Services, Inc. has a 1 year low of $19.18 and a 1 year high of $25.61. The firm has a 50-day moving average of $22.85 and a two-hundred day moving average of $22.22.

Provident Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were issued a $0.24 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 4.64%. Provident Financial Services’s dividend payout ratio is currently 40.85%.

Insider Activity

In other news, Director Robert Mcnerney sold 2,500 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $23.87, for a total value of $59,675.00. Following the completion of the sale, the director now owns 8,713 shares in the company, valued at approximately $207,979.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Christopher P. Martin sold 51,881 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $23.35, for a total transaction of $1,211,421.35. Following the completion of the transaction, the chairman now owns 535,241 shares in the company, valued at approximately $12,497,877.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Mcnerney sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $23.87, for a total transaction of $59,675.00. Following the transaction, the director now owns 8,713 shares of the company’s stock, valued at approximately $207,979.31. The disclosure for this sale can be found here. Company insiders own 4.26% of the company’s stock.

About Provident Financial Services

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Provident Financial Services, Inc is a holding company, which engages in the provision of banking services to individual and corporate customers in Northern and Central New Jersey and Eastern Pennsylvania. The company was founded on January 15, 2003 and is headquartered in Jersey City, NJ.