Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.13 and traded as high as $15.45. Provident Financial shares last traded at $15.28, with a volume of 10,118 shares trading hands.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Wall Street Zen assumed coverage on shares of Provident Financial in a research report on Wednesday, May 21st. They set a "hold" rating on the stock. Piper Sandler raised Provident Financial to a "neutral" rating and set a $16.50 price target on the stock in a report on Monday, July 14th.
Check Out Our Latest Stock Report on Provident Financial
Provident Financial Stock Up 0.2%
The company's 50-day simple moving average is $15.48 and its 200 day simple moving average is $15.14. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $101.94 million, a P/E ratio of 16.38 and a beta of 0.37.
Provident Financial (NASDAQ:PROV - Get Free Report) last announced its earnings results on Monday, July 28th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Provident Financial had a net margin of 10.40% and a return on equity of 4.85%. The firm had revenue of $9.76 million during the quarter, compared to analysts' expectations of $10.50 million. During the same period in the prior year, the company posted $0.28 EPS. Research analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 EPS for the current fiscal year.
Provident Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, August 14th. Provident Financial's payout ratio is currently 60.22%.
Insider Buying and Selling at Provident Financial
In other Provident Financial news, SVP Gwendolyn Wertz sold 1,940 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $15.40, for a total value of $29,876.00. Following the completion of the sale, the senior vice president directly owned 25,337 shares in the company, valued at approximately $390,189.80. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.41% of the company's stock.
Institutional Investors Weigh In On Provident Financial
Large investors have recently modified their holdings of the business. Fourthstone LLC lifted its stake in shares of Provident Financial by 30.5% during the 4th quarter. Fourthstone LLC now owns 90,080 shares of the financial services provider's stock worth $1,433,000 after purchasing an additional 21,030 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Provident Financial by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,296 shares of the financial services provider's stock valued at $7,737,000 after purchasing an additional 1,342 shares during the period. The Manufacturers Life Insurance Company raised its position in 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 worth $5,326,000 after buying an additional 23,117 shares during the last quarter. Northern Trust Corp lifted its position in Provident Financial by 25.9% during the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider's stock valued at $421,000 after purchasing an additional 5,445 shares during the period. Finally, Black Maple Capital Management LP boosted its stake in shares of 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. Institutional investors own 71.34% of the company's stock.
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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