PFS Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of Provident Financial Services Inc (PFS) crossed below their last reported book value — defined as common shareholder equity per share — of $17.06, changing hands as low as $17.03 per share. Provident Financial Services Inc shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of PFS shares, versus its 50 and 200 day moving averages:

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Provident Financial Services Inc Moving Averages Chart

Looking at the chart above, PFS's low point in its 52 week range is $15.78 per share, with $19.93 as the 52 week high point — that compares with a last trade of $17.15.

According to the ETF Finder at ETF Channel, PFS makes up 1.50% of the Proshares Ultra KBW Regional Banking ETF ( KRU) which is trading lower by about 3.4% on the day Tuesday.

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