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Analyzing Provident Financial Services Inc (PFS) After Recent Trading Activity

Provident Financial Services Inc’s recent filing unveils that its Pres/CEO Prov Protection Plus LISTA GEORGE acquired Company’s shares for reported $17335.0 on Feb 05 ’24. In the deal valued at $15.85 per share,1,094 shares were bought. As a result of this transaction, LISTA GEORGE now holds 7,835 shares worth roughly $0.12 million.

Then, McNerney Robert sold 5,000 shares, generating $89,312 in total proceeds. Upon selling the shares at $17.86, the Director now owns 9,475 shares.

Before that, Dunigan James P bought 200 shares. Provident Financial Services Inc shares valued at $2,850 were divested by the Director at a price of $14.25 per share. As a result of the transaction, Dunigan James P now holds 37,335 shares, worth roughly $0.58 million.

DA Davidson upgraded its Provident Financial Services Inc [PFS] rating to a Buy from a a Neutral in a research note published on April 22, 2024; the price target was increased to $20 from $15. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “an Overweight”. Piper Sandler also remained covering PFS and has decreased its forecast on August 19, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. RBC Capital Mkts revised its rating on March 05, 2021. It rated PFS as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of PFS

On Tuesday, Provident Financial Services Inc [NYSE:PFS] saw its stock jump 2.11% to $15.52. Over the last five days, the stock has gained 13.78%. Provident Financial Services Inc shares have fallen nearly -13.92% since the year began. Nevertheless, the stocks have fallen -13.63% over the past one year. While a 52-week high of $19.62 was reached on 01/02/24, a 52-week low of $13.21 was recorded on 04/19/24. SMA at 50 days reached $14.76, while 200 days put it at $16.01. A total of 0.94 million shares were traded, compared to the trading of 1.67 million shares in the previous session.

Levels Of Support And Resistance For PFS Stock

The 24-hour chart illustrates a support level at 15.27, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 15.65. A further resistance level may holdings at 15.79. The Relative Strength Index (RSI) on the 14-day chart is 62.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.50%. Stochastics %K at 85.77% indicates the stock is a selling.

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