Provident Financial Holdings, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:PROV)

Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Thursday, May 16th will be given a dividend of 0.14 per share by the financial services provider on Thursday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, May 15th.

Provident Financial has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Provident Financial to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 43.1%.

Provident Financial Trading Down 0.2 %

Shares of NASDAQ:PROV traded down $0.03 on Friday, hitting $12.90. 11,388 shares of the company's stock were exchanged, compared to its average volume of 3,315. Provident Financial has a 12 month low of $10.16 and a 12 month high of $15.40. The stock has a market capitalization of $89.40 million, a price-to-earnings ratio of 11.22 and a beta of 0.40. The business's 50 day simple moving average is $13.75 and its two-hundred day simple moving average is $13.01. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.21 and a quick ratio of 1.21.

Provident Financial (NASDAQ:PROV - Get Free Report) last released its earnings results on Monday, January 29th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $9.65 million during the quarter, compared to the consensus estimate of $10.00 million. Provident Financial had a return on equity of 6.20% and a net margin of 14.43%. Analysts anticipate that Provident Financial will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Provident Financial in a report on Wednesday. They issued a "hold" rating for the company.

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.