Street Calls of the Week
Director John Pugliese of Provident Financial Services (NASDAQ:PFS) sold 25,000 shares of common stock on September 11, 2025. The shares were sold in multiple transactions at prices ranging from $19.89 to $19.97, netting a total of $497,750. The $2.6 billion regional bank currently trades at an attractive P/E ratio of 11.26 and offers a substantial 4.8% dividend yield, having maintained dividend payments for 23 consecutive years according to InvestingPro data.
Following the transaction, Pugliese directly owns 87,907 shares of Provident Financial Services Inc . InvestingPro analysis reveals several more key insights about PFS’s financial health and valuation metrics, available in the comprehensive Pro Research Report, which provides deep-dive analysis of 1,400+ top US stocks.
In other recent news, Provident Financial Services reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.55, which exceeded the anticipated $0.50, representing a 10% surprise. Revenue also outperformed projections, reaching $214.17 million against the expected $213.59 million. Additionally, Provident Financial Services declared a quarterly cash dividend of $0.24 per common share, payable on August 29, 2025, to stockholders of record as of August 15, 2025. In another development, Provident Bank appointed Michael A. Perito as Senior Vice President and Head of Corporate Strategy. Perito will be responsible for overseeing the development and execution of the bank’s strategic plan. These recent developments reflect Provident’s ongoing efforts to align its strategy with organizational goals and provide value to its shareholders.
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