Gwendolyn Wertz Sells 1,940 Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) Stock

Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) SVP Gwendolyn Wertz sold 1,940 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $15.40, for a total transaction of $29,876.00. Following the completion of the sale, the senior vice president now owns 25,337 shares of the company's stock, valued at $390,189.80. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Provident Financial Stock Performance

Shares of PROV stock traded up $0.24 during mid-day trading on Friday, reaching $15.59. The stock had a trading volume of 1,510 shares, compared to its average volume of 7,492. The firm has a market cap of $104.28 million, a price-to-earnings ratio of 17.13 and a beta of 0.34. The business's fifty day moving average is $14.92 and its 200-day moving average is $15.25. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.91. Provident Financial Holdings, Inc. has a 1-year low of $12.01 and a 1-year high of $16.70.

Provident Financial (NASDAQ:PROV - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $10.12 million during the quarter, compared to analyst estimates of $9.86 million. Provident Financial had a return on equity of 4.81% and a net margin of 10.39%. On average, research analysts forecast that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current year.

Provident Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.56 dividend on an annualized basis and a yield of 3.59%. Provident Financial's payout ratio is 57.73%.

Institutional Investors Weigh In On Provident Financial

Several institutional investors and hedge funds have recently bought and sold shares of PROV. Empowered Funds LLC increased its position in shares of Provident Financial by 7.9% during the 1st quarter. Empowered Funds LLC now owns 29,084 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 2,120 shares during the last quarter. M3F Inc. grew its stake in shares of Provident Financial by 0.5% in the 1st quarter. M3F Inc. now owns 438,215 shares of the financial services provider's stock worth $6,394,000 after buying an additional 2,215 shares in the last quarter. Black Maple Capital Management LP lifted its holdings in shares of Provident Financial by 8.9% in the 4th quarter. Black Maple Capital Management LP now owns 31,128 shares of the financial services provider's stock worth $495,000 after buying an additional 2,557 shares during the period. Northern Trust Corp lifted its stake in shares of Provident Financial by 25.9% during the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider's stock worth $421,000 after buying an additional 5,445 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Provident Financial by 7.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider's stock valued at $5,326,000 after buying an additional 23,117 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Provident Financial in a report on Wednesday, May 21st. They issued a "hold" rating on the stock.

Provident Financial Company Profile

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.