Provident Financial EVP, CRO James Christy sells $70,080 in stock

On September 14, 2026, James Christy, the Executive Vice President and Chief Risk Officer of Provident Bank, sold 3,000 shares of Provident Financial Services Inc. (PFS) common stock. The transaction occurred at a price of $23.36 per share, resulting in a total sale value of $70,080. Prior to this sale, Mr. Christy owned 43,083 shares directly, with an additional 27,177 shares held indirectly through his 401(k) plan.

Currently, PFS shares are trading at $23.33, with a market capitalization of $3 billion and a low price-to-earnings ratio of 9.76. Investors have noted that PFS appears slightly undervalued, with analysts issuing price targets ranging from $26 to $30 per share. Provident Financial Services has a strong dividend record, offering a yield of 4.12% and maintaining payouts for 24 consecutive years.

This trend of stability and growth has been reflected in recent financial results, with the bank reporting strong Q2 2026 earnings that surpassed market expectations. The company's revenue for the quarter reached $234.65 million, exceeding forecasts of $225.02 million, underscoring Provident's continued financial strength. This positive performance has been well-received by investors, signaling confidence in Provident's ability to meet and exceed expectations.

As Provident Financial Services continues to demonstrate financial resilience and attractive investment opportunities, analysts may closely monitor the company's future guidance and performance in their assessments.