Provident Financial Services Inc (PFS) Moves Higher on Volume Spike for February 04

Equities Staff  |

Provident Financial Services Inc (PFS) traded on unusually high volume on Feb. 04, as the stock gained 4.14% to close at $27.39. On the day, Provident Financial Services Inc saw 357,443 shares trade hands on 3,112 trades. Considering that the stock averages only a daily volume of 225,110 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $29.12 and $22.22 over the last 52-weeks, its 50-day SMA is now $24.54, and its 200-day SMA $25.43. Provident Financial Services Inc has a P/B ratio of 1.37. It also has a P/E ratio of 16.8.

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.

Headquartered in Jersey City, NJ, Provident Financial Services Inc has 1,054 employees and is currently under the leadership of CEO Christopher Martin.

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

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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 Equities.com’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.



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