Concannon Wealth Management Exits Position in Provident Financial Services (PFS)

Provident Financial Services (PFS) : Concannon Wealth Management has sold out all of its stake in Provident Financial Services during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 136 shares of Provident Financial Services which is valued at $2,798.

Provident Financial Services closed down -0.02 points or -0.10% at $20.66 with 1,74,146 shares getting traded on Wednesday. Post opening the session at $20.67, the shares hit an intraday low of $20.47 and an intraday high of $20.806 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in PFS during the most recent quarter. The investment firm sold 48,300 shares of PFS which is valued $993,531.Capital One National Association boosted its stake in PFS in the latest quarter, The investment management firm added 1,229 additional shares and now holds a total of 32,307 shares of Provident Financial Services which is valued at $664,555. Provident Financial Services makes up approx 0.06% of Capital One National Association’s portfolio. Kistler-tiffany Companies sold out all of its stake in PFS during the most recent quarter. The investment firm sold 1,396 shares of PFS which is valued $27,641.

On the company’s financial health, Provident Financial Services reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $0.33.Analysts expectations of $ 71.49.During the same quarter in the previous year, the company posted $0.34 EPS.

Provident Financial Services Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank and operates 86 full-service branch offices in the New Jersey counties of Hudson Bergen Essex Mercer Hunterdon Middlesex Monmouth Morris Ocean Passaic Somerset Union and Warren as well as in Bucks Lehigh and Northampton counties in Pennsylvania. The Bank receives deposits from the general public and businesses primarily in the areas surrounding its banking offices and uses those funds together with funds generated from operations and borrowings to originate commercial real estate loans residential mortgage loans commercial business loans and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. The Company operates primarily in the geographical regions of northern and central New Jersey and eastern Pennsylvania.

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