Provident Financial (NASDAQ:PROV) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROVFree Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler raised their price target on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Read Our Latest Stock Report on PROV

Provident Financial Stock Up 1.3 %

Shares of Provident Financial stock traded up $0.20 during trading on Thursday, hitting $15.76. The company’s stock had a trading volume of 923 shares, compared to its average volume of 7,010. The company has a market capitalization of $106.70 million, a PE ratio of 14.28 and a beta of 0.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.23 and a current ratio of 1.23. Provident Financial has a 52 week low of $10.76 and a 52 week high of $16.00. The company has a fifty day simple moving average of $14.73 and a two-hundred day simple moving average of $13.48.

Provident Financial (NASDAQ:PROVGet Free Report) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $14.97 million for 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 quarter in the prior year, the business posted $0.25 EPS. Equities research analysts predict that Provident Financial will post 1.05 earnings per share for the current year.

Provident Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 3.55%. Provident Financial’s payout ratio is 51.38%.

Hedge Funds Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC grew its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROVFree Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,831 shares of the financial services provider’s stock after acquiring 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.

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.

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