Is Provident Financial Services Inc (NYSE:PFS)’s Fuel Running High? Reports Show Less Sellers

July 27, 2018 - By Ash Maslow

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

Investors sentiment decreased to 1.26 in Q1 2018. Its down 0.25, from 1.51 in 2017Q4. It turned negative, as 12 investors sold Provident Financial Services, Inc. shares while 45 reduced holdings. 22 funds opened positions while 50 raised stakes. 40.27 million shares or 0.21% less from 40.36 million shares in 2017Q4 were reported.
Teachers Retirement Of The State Of Kentucky accumulated 0.01% or 19,181 shares. Hennessy Advisors invested 0.1% of its portfolio in Provident Financial Services, Inc. (NYSE:PFS). Quantbot Technology Limited Partnership invested in 0% or 2,300 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Provident Financial Services, Inc. (NYSE:PFS). Vanguard Group Inc stated it has 0.01% in Provident Financial Services, Inc. (NYSE:PFS). State Street Corporation holds 0% or 1.58M shares in its portfolio. Lsv Asset Mngmt holds 0% or 29,000 shares. Legal General Public Ltd invested in 0% or 124,674 shares. Financial Bank Of Ny Mellon Corp, a New York-based fund reported 967,627 shares. Brown Brothers Harriman And Com, a New York-based fund reported 5,000 shares. Trust Of Vermont has 0.07% invested in Provident Financial Services, Inc. (NYSE:PFS). California State Teachers Retirement System stated it has 0.01% in Provident Financial Services, Inc. (NYSE:PFS). Credit Suisse Ag reported 0% of its portfolio in Provident Financial Services, Inc. (NYSE:PFS). Ameriprise Fin Incorporated owns 576,611 shares. Highlander Cap Llc holds 0.49% or 32,724 shares in its portfolio.

Since March 2, 2018, it had 1 insider purchase, and 3 sales for $509,379 activity. ODONNELL EDWARD also sold $127,000 worth of Provident Financial Services, Inc. (NYSE:PFS) on Friday, March 2. Another trade for 3,600 shares valued at $100,549 was sold by HERNANDEZ CARLOS.

The stock of Provident Financial Services Inc (NYSE:PFS) registered a decrease of 2.85% in short interest. PFS’s total short interest was 701,100 shares in July as published by FINRA. Its down 2.85% from 721,700 shares, reported previously. With 95,000 shares average volume, it will take short sellers 7 days to cover their PFS’s short positions. The short interest to Provident Financial Services Inc’s float is 1.19%.

The stock increased 0.40% or $0.11 during the last trading session, reaching $27.69. About 146,054 shares traded. Provident Financial Services, Inc. (NYSE:PFS) has risen 16.92% since July 27, 2017 and is uptrending. It has outperformed by 4.35% the S&P500.

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 $1.80 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 18.34 P/E ratio. The company'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.

More recent Provident Financial Services, Inc. (NYSE:PFS) news were published by: Seekingalpha.com which released: “Oncolytics: Significant Pipeline Value In The Fastest Growing Area Of Oncology” on July 11, 2018. Also Seekingalpha.com published the news titled: “Banks again lead the way in expected dividend hikes” on July 20, 2018. Seekingalpha.com‘s news article titled: “Roche Successful In Front-Line Lung Cancer, Should Merck Be Worried?” with publication date: July 24, 2018 was also an interesting one.

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

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