PFS Provident Financial Services Inc

Provident Financial (NASDAQ:PROV) shares have risen above their 200-day moving average, trading as high as $16.16 before settling at $15.9450 on light volume. This comes after recent downgrades from analysts, with an average "Reduce" rating and a $16.00 consensus price target. The company also reported missing Q3 EPS estimates but exceeding revenue expectations.

This article provides a price-driven analysis for Provident Financial Services Inc (NYSE: PFS), highlighting neutral near-term readings and potentially stalling mid-term strong sentiment. It outlines three distinct AI-generated trading strategies—Position, Momentum Breakout, and Risk Hedging—alongside specific multi-timeframe signal analysis, and offers access to real-time signals and trading tools.

Sound Income Strategies LLC increased its stake in Provident Financial Services (NYSE: PFS) by 17.1% during the third quarter, now holding 637,792 shares valued at approximately $12.27 million. Institutional investors collectively own 71.97% of the company. Provident Financial Services (PFS) trades at around $20.90, has a market cap of $2.73 billion, and offers an annualized dividend yield of 4.6% with a quarterly dividend of $0.24 per share.

Thrivent Financial for Lutherans significantly increased its stake in Provident Financial Services (NYSE:PFS) by 81.2%, acquiring an additional 161,011 shares to own a total of 359,385 shares, valued at approximately $6.3 million. This comes as other institutional investors like Wellington Management and AQR Capital Management also expanded their holdings, contributing to 71.97% institutional ownership of the company. Provident Financial Services also announced a quarterly dividend of $0.24, offering an annualized yield of 4.5%.

Provident Financial Services, Inc (NYSE:PFS) has received an average "Moderate Buy" rating from seven brokerage firms, with an average 12-month price target of $22.70. Insider transactions show CEO George Lista sold 8,262 shares on November 6th, reducing his ownership. The company also announced a quarterly dividend of $0.24, representing a 4.6% yield.

Provident Bank has announced significant executive appointments and promotions to bolster its leadership team and support strategic growth initiatives. Satish Harikrishnan was promoted to SVP and CTO, Shyam Nair joined as SVP, Head of Data, Analytics, and Data Governance, Linda Martin was promoted to SVP, Regional Sales Manager for the Central Region, and Andrew Markey joined as SVP, Team Leader for Commercial Real Estate. These changes aim to enhance technology, data strategy, sales, and customer experience, reflecting the bank's commitment to growth and community impact.