Provident Financial Services, Inc (PFS) Downgraded to Strong Sell at BidaskClub

Elias Hubbard
July 8, 2017

With 855,400 avg volume, 7 days are for Bce Incorporated (NYSE:BCE)'s short sellers to cover BCE's short positions. BCE Inc. (USA) (NYSE:BCE) has declined 2.36% since July 6, 2016 and is downtrending. It has underperformed by 0.13% the S&P500.

PFS has been the subject of several other research reports. PFS's profit would be $23.81M giving it 17.96 P/E if the $0.36 EPS is correct. Brandywine Mngmt Lc holds 0.04% of its portfolio in Provident Financial Services, Inc. Silvercrest Asset Management Grp Ltd Llc owns 0% invested in Provident Financial Services, Inc. (NASDAQ:PROV) has risen 4.86% since July 6, 2016 and is uptrending. It has outperformed by 4.92% the S&P500. This represents a $0.52 dividend on an annualized basis and a yield of 2.66%. JPMorgan Chase & Co.'s holdings in Provident Financial Services were worth $5,698,000 at the end of the most recent reporting period.

In related news, Director Carlos Hernandez sold 2,650 shares of the firm's stock in a transaction on Friday, May 12th. Zacks Investment Research raised shares of Provident Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, March 18th. The insider KUNTZ JOHN F sold $584,065. $1.99 million worth of stock was sold by Pruden Gary J on Tuesday, February 28. The insider FEKETE FRANK L sold 5,871 shares worth $155,582. 284492 shares were traded on Provident Financial Services, Inc's last session. Crowley F. Michael also sold $993,235 worth of Markel Corporation (NYSE:MKL) on Monday, February 13. Brandywine Investment Mngmt Lc invested 0.04% in Provident Financial Services, Inc. The firm has a market capitalization of $1.68 billion, a PE ratio of 18.54 and a beta of 0.98. Bank of New York Mellon Corp increased its position in Provident Financial Holdings by 3.0% in the first quarter.

Provident Financial Holdings (NASDAQ:PROV) last issued its quarterly earnings data on Thursday, April 27th.

Among 6 analysts covering Provident Financial Services (NYSE:PFS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 17% are positive. BidaskClub raised shares of Provident Financial Services from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 10th.

Provident Financial Services, Inc (NYSE PFS) opened at 25.82 on Tuesday. The stock of Markel Corporation (NYSE:MKL) has "Neutral" rating given on Thursday, August 4 by SunTrust. They now have a Dollars 2434 price target on the stock. Sandler O'Neill upgraded the stock to "Buy" rating in Thursday, June 29 report.

Shares of Provident Financial Holdings (PROV) traded up 1.61% on Tuesday, hitting $19.56. The firm has "Neutral" rating given on Friday, July 31 by Boenning & Scattergood. The company was downgraded on Tuesday, September 1 by Zacks.

Investors sentiment decreased to 1.11 in Q4 2016. Its down -0.77, from 2 in 2016Q3. Equities analysts predict that Provident Financial Holdings will post $0.70 earnings per share for the current fiscal year. Hightower Advsrs Limited Liability Company invested in 0% or 274 shares. Moreover, State Of Alaska Department Of Revenue has 0.02% invested in Provident Financial Services, Inc.

Want to see what other hedge funds are holding PFS? (NYSE:PFS). Proshare Advisors Ltd Com has invested 0% in Provident Financial Services, Inc. (NYSE:PFS). 638 were accumulated by Point72 Asia (Hong Kong). (NASDAQ:PROV). Amer International holds 3,794 shares or 0% of its portfolio. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas.

Provident Financial Services (NYSE:PFS) last released its earnings results on Friday, April 28th. (NYSE:PFS) for 1,322 shares. Institutional investors own 62.70% of the company's stock. (NYSE:PFS) or 5,871 shares. 22,456 are owned by Millennium Mgmt Ltd.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by BBNS and is owned by of BBNS.

Among 8 analysts covering BCE Inc. Therefore 87% are positive. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by Credit Agricole on Friday, September 25. Citigroup upgraded BCE Inc. (NYSE:PFS) for 6,480 shares. The rating was maintained by RBC Capital Markets on Monday, August 3 with "Outperform". The company has market cap of $151.60 million.

01/29/2015 - Provident Financial Holdings, Inc. had its "hold" rating reiterated by analysts at Canaccord Genuity. The rating was downgraded by Macquarie Research to "Underperform" on Tuesday, October 27.

07/27/2016 - Provident Financial Holdings, Inc. had its "hold" rating reiterated by analysts at Beaufort Securities. As per Monday, October 5, the company rating was reinitiated by Piper Jaffray.

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