Provident Financial Services Inc (NASDAQ: PFS) disclosed an insider sale on February 26, 2026, when director Robert E. Mccracken sold 6,177 shares of common stock at $22.13 per share. The transaction amounted to $136,697 and was executed above the contemporaneous market price, which stood at $21.08 and reflects a price-to-earnings ratio of 9.48.
After completing the sale, Mccracken retained direct ownership of 68,518 Provident shares and continued to hold an additional 62,330 shares indirectly through an LLC. The sale reduces his immediate direct stake but leaves significant holdings both directly and indirectly.
Provident, a regional bank, has posted a strong 29.87% total return over the past year and currently offers a 4.33% dividend yield. Market commentary cited in available analytics notes that InvestingPro considers PFS to be undervalued at current levels, and the platform lists more than eight ProTips for subscribers who want further details.
Separately, Provident announced fourth-quarter 2025 results that exceeded analyst expectations. The company reported earnings per share of $0.64 versus a consensus forecast of $0.56, representing a 14.29% surprise. Quarterly revenue came in at $225.72 million compared with the anticipated $225.35 million. These results indicate a modest outperformance on both the bottom and top lines for the quarter.
The companys stock rose notably following the earnings announcement, though price movement is not the focus of this report. Observers and market participants may weigh analyst reactions to the quarterly beat when forming investment views, and such reactions could influence future trading activity.
This report presents the known transactional and financial details: the insider sale, Mccrackens remaining direct and indirect holdings, recent performance metrics for the stock, the InvestingPro valuation view, and the companys fourth-quarter 2025 results. Where information is limited, this item reflects only the facts provided and does not extend beyond the stated data.
Key data points:
- Insider sale: 6,177 shares at $22.13 on February 26, 2026 - total $136,697.
- Post-sale ownership: 68,518 shares directly; 62,330 shares indirectly via an LLC.
- Q4 2025 results: EPS $0.64 vs. forecast $0.56 (14.29% surprise); revenue $225.72 million vs. $225.35 million expected.