The Online Investor
PFS Buyback image

Provident Financial Services, Inc. Buyback

OLI recorded this information on 12/24/2012

Company: Provident Financial Services, Inc.
Buyback: PFS buyback
Share Amount Authorized: 3,000,000.00
Buyback Details: Provident Financial Services, Inc. announced that its Board of Directors authorized the Company's eighth stock repurchase program to commence upon completion of the existing stock repurchase authorization. Under the new authorization, the Company may repurchase up to 5% of the amount of shares of common stock currently outstanding, or approximately 3.0 million shares. Repurchases will be made from time to time and will be effectuated through open market purchases, unsolicited negotiated transactions, or such other manner deemed appropriate by management. Completion of the repurchase program will not be limited to a specific time period. The Company's repurchase activities will take into account SEC safe harbor rules and guidance for issuer share repurchases. Approximately 1.1 million shares remain eligible for repurchase under the Company's existing authorization.

Provident Financial Services is a holding company. Through its subsidiary, Provident Bank (the Bank), Co. accepts deposits from the 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, commercial business loans, residential mortgage loans, and consumer loans. The Bank also invests in mortgage-backed securities and other permissible investments. Co.'s deposit products include savings accounts, checking accounts, interest-bearing checking accounts, money market deposit accounts and certificate of deposit accounts.

PFS SEC Filing Email Alerts Service

Open the PFS Page at The Online Investor »

Company Name: 
Provident Financial Services Inc
Stock buyback: 
PFS buyback
Banking & Savings
Number of ETFs Holding PFS: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the PFS Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (2.60 out of 4)
8th percentile
(ranked lower than approx. 92% of all stocks covered)

Analysts' Target Price:
PFS Stock Forecast

Based on Zacks ABR data;
powered by Xignite

PFS Buyback Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.