|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||17.68 - 19.17|
|52 Week Range||10.96 - 25.24|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||7.94|
|Earnings Date||Apr 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.44|
Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and SB One Bancorp (NASDAQ: SBBX) (“SB One”), the parent company of SB One Bank, announced today the receipt of approval by the SB One shareholders in connection with the proposed merger of SB One with and into Provident (the “Merger”). Given the receipt of approvals by the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance, and the receipt of a waiver by the Board of Governors of the Federal Reserve System in lieu of an application, the parties anticipate closing the Merger as of the close of business on July 31, 2020, subject to certain customary closing conditions.
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of SB One Bancorp (SBBX) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Provident Financial Services. On March 12, 2020 SB One announced that it had signed an agreement to be acquired by Provident for approximately $208.9 million. Per the merger agreement SB One’s stockholders will receive 1.357 shares of Provident common stock fore each share of SB One common stock owned.
NEW YORK, NY / ACCESSWIRE / June 15, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...