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Investing in Provident Financial Services Inc (PFS) Is Getting More Attractive

Provident Financial Services Inc’s recently made public that its EVP & CRBO of provident Bank Giannola Vito unloaded Company’s shares for reported $0.12 million on Aug 21 ’24. In the deal valued at $18.00 per share,6,501 shares were sold. As a result of this transaction, Giannola Vito now holds 82,155 shares worth roughly $1.46 million.

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Then, Giannola Vito sold 5,499 shares, generating $99,467 in total proceeds. Upon selling the shares at $18.09, the EVP & CRBO of provident Bank now owns 88,656 shares.

Before that, Giannola Vito bought 12,000 shares. Provident Financial Services Inc shares valued at $217,800 were divested by the Officer at a price of $18.15 per share.

Keefe Bruyette upgraded its Provident Financial Services Inc [PFS] rating to an Outperform from a a Mkt perform in a research note published on August 15, 2024; the price target was increased to $21 from $20. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Piper Sandler also remained covering PFS and has increased its forecast on August 22, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on August 19, 2022. It rated PFS as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of PFS

On Tuesday, Provident Financial Services Inc [NYSE:PFS] saw its stock fall -0.61% to $17.82. Over the last five days, the stock has lost -0.50%. Provident Financial Services Inc shares have fallen nearly -1.16% since the year began. Nevertheless, the stocks have risen 18.17% over the past one year. While a 52-week high of $19.59 was reached on 08/26/24, a 52-week low of $13.07 was recorded on 06/26/24. SMA at 50 days reached $18.13, while 200 days put it at $16.17.

Levels Of Support And Resistance For PFS Stock

The 24-hour chart illustrates a support level at 17.74, which if violated will result in even more drops to 17.65. On the upside, there is a resistance level at 17.99. A further resistance level may holdings at 18.15. The Relative Strength Index (RSI) on the 14-day chart is 44.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.77%. Stochastics %K at 21.15% indicates the stock is a holding.

How much short interest is there in Provident Financial Services Inc?

A steep rise in short interest was recorded in Provident Financial Services Inc stocks on 2024-09-13, dropping by -0.19 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.54 million shares. There was a decline of -4.35%, which implies that there is a negative sentiment for the stock.

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