Craig G. Blunden Sells 1,059 Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) Stock

Provident Financial Holdings, Inc. (NASDAQ:PROVGet Free Report) Chairman Craig G. Blunden sold 1,059 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $15.57, for a total value of $16,488.63. Following the sale, the chairman now directly owns 243,642 shares of the company’s stock, valued at approximately $3,793,505.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Provident Financial Stock Down 0.7 %

Shares of Provident Financial stock opened at $15.45 on Friday. The stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $13.42. The company has a market cap of $104.60 million, a P/E ratio of 14.17 and a beta of 0.39. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.84. Provident Financial Holdings, Inc. has a 1 year low of $10.16 and a 1 year high of $15.91.

Provident Financial (NASDAQ:PROVGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a return on equity of 5.77% and a net margin of 12.58%. During the same period in the prior year, the business earned $0.25 EPS. As a group, analysts expect that Provident Financial Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Provident Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, November 14th. Provident Financial’s dividend payout ratio (DPR) is presently 51.38%.

Institutional Investors Weigh In On Provident Financial

A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC raised its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROVFree Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,831 shares of the financial services provider’s stock after purchasing an additional 1,575 shares during the period. Empowered Funds LLC owned 0.33% of Provident Financial worth $305,000 as of its most recent SEC filing. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PROV has been the subject of several analyst reports. StockNews.com initiated coverage on Provident Financial in a report on Wednesday. They set a “hold” rating for the company. Piper Sandler upped their target price on Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday.

View Our Latest Stock Analysis on Provident Financial

About Provident Financial

(Get Free Report)

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.

Recommended Stories

Receive News & Ratings for Provident Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial and related companies with MarketBeat.com's FREE daily email newsletter.