Walthausen & Company Upped Stock Yard Bancorp (SYBT) Position By $1.60 Million; Provident Financial Services, Inc. (PFS) Had 2 Bullish Analysts

March 1, 2018 - By Jacob Smith

Among 8 analysts covering Provident Financial Services (NYSE:PFS), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Provident Financial Services had 22 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Provident Financial Services, Inc. (NYSE:PFS) rating on Friday, October 27. RBC Capital Markets has “Buy” rating and $30.0 target. The stock of Provident Financial Services, Inc. (NYSE:PFS) earned “Neutral” rating by Boenning & Scattergood on Friday, July 31. Zacks upgraded the shares of PFS in report on Friday, August 14 to “Hold” rating. The stock has “Hold” rating by Sandler O’Neill on Tuesday, September 13. The stock has “Buy” rating by Sandler O’Neill on Thursday, June 29. The firm has “Hold” rating given on Tuesday, April 11 by Wood. The firm earned “Hold” rating on Thursday, November 30 by Sandler O’Neill. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 3 report. The rating was upgraded by Sandler O’Neill on Friday, January 26 to “Buy”. See Provident Financial Services, Inc. (NYSE:PFS) latest ratings:

28/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $29.0 Maintain
26/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $29.0 Upgrade
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.5 Maintain
30/11/2017 Broker: Sandler O’Neill Old Rating: Buy New Rating: Hold Downgrade
27/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $30.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $26.5 Maintain
07/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $30.0 Maintain

Walthausen & Company increased Stock Yard Bancorp Inc (SYBT) stake by 15.62% reported in 2017Q3 SEC filing. Walthausen & Company acquired 43,160 shares as Stock Yard Bancorp Inc (SYBT)’s stock declined 18.25%. The Walthausen & Company holds 319,448 shares with $12.14 million value, up from 276,288 last quarter. Stock Yard Bancorp Inc now has $800.57M valuation. The stock increased 0.57% or $0.2 during the last trading session, reaching $35.3. About 14,107 shares traded. Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has risen 34.69% since March 1, 2017 and is uptrending. It has outperformed by 17.99% the S&P500.

Walthausen & Company decreased Firstcash Inc stake by 23,185 shares to 294,000 valued at $18.57M in 2017Q3. It also reduced Moog Inc (NYSE:MOG.A) stake by 6,170 shares and now owns 80,820 shares. Stoneridge Inc (NYSE:SRI) was reduced too.

Since September 18, 2017, it had 30 insider buys, and 5 insider sales for $311,263 activity. On Thursday, January 18 the insider LECHLEITER RICHARD A bought $38. The insider TASMAN NORMAN bought 87 shares worth $3,315. 11 shares were bought by Priebe Stephen M, worth $412 on Wednesday, January 10. Shares for $38 were bought by EDINGER CHARLES R III. $38 worth of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) was bought by Herde Carl G. HEINTZMAN DAVID P had sold 1,264 shares worth $49,991 on Friday, October 27. $2,515 worth of stock was bought by Northern Richard on Tuesday, January 23.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. It dropped, as 11 investors sold SYBT shares while 27 reduced holdings. 14 funds opened positions while 34 raised stakes. 10.56 million shares or 1.14% less from 10.68 million shares in 2017Q2 were reported. State Common Retirement Fund reported 0% of its portfolio in Stock Yards Bancorp, Inc. (NASDAQ:SYBT). Schwab Charles Invest owns 97,023 shares for 0% of their portfolio. Wedge Cap Mgmt L LP Nc has 0.05% invested in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) for 140,094 shares. Envestnet Asset holds 0% of its portfolio in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) for 998 shares. Metropolitan Life Ny reported 0% stake. Swiss Bank accumulated 0% or 35,323 shares. 36,252 were accumulated by Jpmorgan Chase Communication. Ubs Asset Americas reported 0% stake. Lincoln stated it has 10,773 shares or 0.02% of all its holdings. Comerica Financial Bank, a Michigan-based fund reported 15,903 shares. Blackrock Inc invested in 0% or 1.52M shares. Nationwide Fund Advsr holds 0% of its portfolio in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) for 12,311 shares. 24,941 were accumulated by Price T Rowe Associate Md. Manufacturers Life Insur Company The stated it has 0.01% in Stock Yards Bancorp, Inc. (NASDAQ:SYBT). Citigroup owns 60 shares.

Provident Financial Services, Inc. operates as the holding firm for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company has market cap of $1.61 billion. The Company’s deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA and KEOGH accounts. It has a 17.3 P/E ratio. The companyÂ’s loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, and marine loans.

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