Provident Financial Services (PFS) Shares Cross Below Book Value

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In trading on Wednesday, shares of Provident Financial Services Inc (Symbol: PFS) crossed below their last reported book value - defined as common shareholder equity per share - of $16.65, changing hands as low as $16.63 per share. Provident Financial Services Inc shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of PFS shares, versus its 50 and 200 day moving averages: Provident Financial Services Inc Moving Averages Chart

Looking at the chart above, PFS's low point in its 52 week range is $14.41 per share, with $19.93 as the 52 week high point - that compares with a last trade of $16.65.

According to the ETF Finder at ETF Channel, PFS makes up 1.86% of the KBW Regional Banking Portfolio ETF (Symbol: KBWR) which is trading lower by about 0.3% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed below their book value »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: KBWR , PFS

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