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In a recent transaction, Martin Christopher P, the Executive Chairman of Provident Financial Services Inc . (NYSE:PFS), a $2.2 billion market cap financial institution with a "GOOD" InvestingPro Financial Health score, sold 55,668 shares of the company’s common stock. The shares were sold at a weighted average price of $17.065, amounting to a total sale value of approximately $949,974. The sale price represents a premium to the current trading price of $16.56. Following this transaction, Martin retains direct ownership of 601,050 shares.
Additionally, Martin also holds indirect ownership through an Employee Stock Ownership Plan (ESOP) and a 401(k) Plan, with post-transaction holdings of 26,413 and 206,507 shares, respectively. The company maintains a notable 5.67% dividend yield and has maintained dividend payments for 23 consecutive years. The sale of shares was reported in a Form 4 filing with the Securities and Exchange Commission, detailing the transaction that took place on June 11, 2025. According to InvestingPro analysis, PFS currently appears undervalued, with additional insights available in the comprehensive Pro Research Report.
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