Provident Financial Services Stock To Go Ex-dividend Tomorrow (PFS)

NEW YORK ( TheStreet) -- The ex-dividend date for Provident Financial Services (NYSE: PFS) is tomorrow, February 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $14.59 as of 9:31 a.m. ET, the dividend yield is 3%. The average volume for Provident Financial Services has been 444,800 shares per day over the past 30 days. Provident Financial Services has a market cap of $893.8 million and is part of the financial sector and banking industry. Shares are down 3.3% year to date as of the close of trading on Wednesday.

Provident Financial Services, Inc. operates as the holding company for The Provident Bank that provides banking services to individuals, families, and businesses in New Jersey. The company has a P/E ratio of 16.5, below the average banking industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Provident Financial Services as buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Provident Financial Services Ratings Report.

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