Provident Financial Services Inc (PFS) Soars 4.71% on March 08

Equities Staff  |

Provident Financial Services Inc (PFS) had a good day on the market for Monday March 08 as shares jumped 4.71% to close at $23.58. About 357,088 shares traded hands on 3,994 trades for the day, compared with an average daily volume of n/a shares out of a total float of 77.79 million. After opening the trading day at $22.83, shares of Provident Financial Services Inc stayed within a range of $23.83 to $22.73.

With today's gains, Provident Financial Services Inc now has a market cap of $1.83 billion. Shares of Provident Financial Services Inc have been trading within a range of $22.77 and $9.06 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Provident Financial Services is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. Net interest income is the largest portion of the company's net revenue.

Provident Financial Services Inc is based out of Jersey City, NJ and has some 1,200 employees. Its CEO is Christopher Martin.

For a complete fundamental analysis of Provident Financial Services Inc, check out’s Stock Valuation Analysis report for PFS.

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Provident Financial Services Inc is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Provident Financial Services Inc and to follow the company’s latest updates, you can visit the company’s profile page here: PFS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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