Research analysts at StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating on the financial services provider's stock.
Separately, Piper Sandler reduced their price objective on shares of Provident Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th.
Read Our Latest Stock Report on PROV
Provident Financial Stock Performance
NASDAQ PROV traded up $0.01 on Tuesday, hitting $15.55. The stock had a trading volume of 3,295 shares, compared to its average volume of 7,432. The company's 50-day moving average is $14.49 and its two-hundred day moving average is $15.31. Provident Financial has a one year low of $12.01 and a one year high of $16.70. The stock has a market cap of $104.05 million, a price-to-earnings ratio of 17.09 and a beta of 0.33. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.91.
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. Provident Financial had a return on equity of 4.81% and a net margin of 10.39%. The firm had revenue of $10.12 million for the quarter, compared to analysts' expectations of $9.86 million. On average, analysts expect that Provident Financial will post 0.9 earnings per share for the current year.
Institutional Investors Weigh In On Provident Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M3F Inc. boosted its position in shares of Provident Financial by 0.5% during the 1st quarter. M3F Inc. now owns 438,215 shares of the financial services provider's stock valued at $6,394,000 after purchasing an additional 2,215 shares in the last quarter. Black Maple Capital Management LP grew its position in Provident Financial by 8.9% in the fourth 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 last quarter. Northern Trust Corp increased its holdings in shares of Provident Financial by 25.9% in the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider's stock valued at $421,000 after buying an additional 5,445 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Provident Financial by 7.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider's stock valued at $5,326,000 after acquiring an additional 23,117 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Provident Financial by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 486,296 shares of the financial services provider's stock worth $7,737,000 after acquiring an additional 1,342 shares in the last quarter. Institutional investors own 71.34% of the company's stock.
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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