Provident Financial (NASDAQ:PROV - Get Free Report) issued its quarterly earnings results on Monday. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $9.86 million.
Provident Financial Stock Up 2.0 %
Shares of PROV stock traded up $0.30 on Thursday, reaching $15.31. 7,950 shares of the company were exchanged, compared to its average volume of 7,421. The company has a market cap of $102.44 million, a price-to-earnings ratio of 16.82 and a beta of 0.19. The company has a 50-day moving average of $14.46 and a 200-day moving average of $15.31. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.25 and a quick ratio of 1.25. Provident Financial has a one year low of $12.01 and a one year high of $16.70.
Provident Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.66%. Provident Financial's dividend payout ratio (DPR) is presently 57.73%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PROV. StockNews.com began coverage on Provident Financial in a report on Sunday. They set a "hold" rating for the company. Piper Sandler decreased their price target on 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 Analysis on Provident Financial
Provident Financial Company Profile
(
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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