Provident Financial (NASDAQ:PROV - Get Free Report) issued its earnings results on Monday. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04, Zacks reports. 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 during the quarter, compared to analysts' expectations of $9.86 million.
Provident Financial Price Performance
Shares of NASDAQ:PROV traded up $0.03 on Friday, hitting $15.34. The stock had a trading volume of 11,901 shares, compared to its average volume of 7,457. The firm's 50 day moving average price is $14.45 and its 200-day moving average price is $15.31. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.25 and a current ratio of 1.25. Provident Financial has a twelve month low of $12.01 and a twelve month high of $16.70. The company has a market capitalization of $102.64 million, a price-to-earnings ratio of 16.86 and a beta of 0.19.
Provident Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.56 annualized dividend and a yield of 3.65%. Provident Financial's dividend payout ratio is currently 57.73%.
Analysts Set New Price Targets
PROV has been the subject of a number of analyst reports. StockNews.com began coverage on shares of Provident Financial in a report on Sunday, April 27th. They set a "hold" rating for the company. Piper Sandler cut their price target on shares of Provident Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th.
Read Our Latest Stock Report on Provident Financial
Provident Financial Company Profile
(
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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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