Provident Financial Services Reaches New 52-Week High (PFS)

NEW YORK ( TheStreet) -- Provident Financial Services (NYSE: PFS) hit a new 52-week high Friday as it is currently trading at $15.14, above its previous 52-week high of $15.13 with 142,559 shares traded as of 1:44 p.m. ET. Average volume has been 216,600 shares over the past 30 days.

Provident Financial Services has a market cap of $860.8 million and is part of the financial sector and banking industry. Shares are up 7.4% year to date as of the close of trading on Thursday.

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 14, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Provident Financial Services Ratings Report.

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