A director at Provident Financial Services Inc. sold a total of 56,166 shares of common stock in two transactions conducted on August 31 and September 1, 2026, according to regulatory filings.
Thomas Shara disposed of 15,900 shares at $23.30 per share on August 31, followed by the sale of 40,266 shares at $23.06 per share the next day. The combined value of the transactions totaled approximately $1.3 million.
Provident Financial’s stock has risen about 20% year-to-date and was trading near $23 at the time of the sales. The company’s shares are valued at roughly $3.05 billion, with a price-to-earnings ratio of 9.61 and a dividend yield of 4.17%. Provident Financial has maintained consecutive annual dividend payments for 24 years.
Following the transactions, Shara’s indirect beneficial ownership in the company stands at 382,911 shares, held through a family trust of which his wife serves as trustee.
The sales occurred shortly after Provident Financial reported second-quarter 2026 earnings that exceeded expectations. The firm posted earnings per share of $0.61, surpassing the consensus estimate of $0.56, while revenue reached $234.65 million, above the forecasted $225.02 million.
