The Online Investor

PFS Trading Below Director's Recent Buy Price

By The Online Investor Staff, Thursday, January 23, 11:32 AM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on December 4, Provident Financial Services Inc's Director, James P. Dunigan, invested $23,880.00 into 1,000 shares of PFS, for a cost per share of $23.88. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Provident Financial Services Inc (NYSE:PFS) and achieve a cost basis even cheaper than Dunigan, with shares changing hands as low as $23.85 per share. Provident Financial Services Inc shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of PFS shares, versus its 200 day moving average:

Provident Financial Services Inc Chart

Looking at the chart above, PFS's low point in its 52 week range is $23.08 per share, with $27.94 as the 52 week high point — that compares with a last trade of $23.95. By comparison, below is a table showing the prices at which PFS insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
07/30/2019 Ursuline F. Foley Director 4,000 $23.80 $95,213.85
09/03/2019 James P. Dunigan Director 1,000 $23.59 $23,593.10
12/04/2019 James P. Dunigan Director 1,000 $23.88 $23,880.00
12/03/2019 Matthew K. Harding Director 1,000 $23.82 $23,820.00

The current annualized dividend paid by Provident Financial Services Inc is $0.92/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/14/2019. Below is a long-term dividend history chart for PFS, which can be of good help in judging whether the most recent dividend with approx. 3.8% annualized yield is likely to continue.


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This Article's Word Cloud:   Arial   Back   Bargain   Bargains   Below   Cheaper   Days   December   Director   Dividend   Dollars   Dunigan   Financial   Foley   Harding   Insider   Insiders   James   Join   Provident   Services   Seven   about   annualized   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   reason   recent   share   shares   stock   that   their   trading   week   which   with

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