NEW YORK ( TheStreet) -- The ex-dividend date for Provident Financial Services (NYSE: PFS) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $11.95 as of 10:12 a.m. ET, the dividend yield is 4%.

The average volume for Provident Financial Services has been 286,500 shares per day over the past 30 days. Provident Financial Services has a market cap of $720.1 million and is part of the financial sector and banking industry. Shares are down 16.4% year to date as of the close of trading on Tuesday.

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 12.9, above the average banking industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Provident Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, notable return on equity, increase in stock price during the past year and increase 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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