Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.23 and traded as high as $15.50. Provident Financial shares last traded at $15.47, with a volume of 1,612 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on shares of Provident Financial in a research note on Wednesday, May 21st. They issued a "hold" rating for the company.
Check Out Our Latest Stock Analysis on PROV
Provident Financial Price Performance
The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $103.16 million, a PE ratio of 15.90 and a beta of 0.34. The stock's 50-day moving average is $15.08 and its two-hundred day moving average is $15.21.
Provident Financial (NASDAQ:PROV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The firm had revenue of $10.12 million during the quarter, compared to analysts' expectations of $9.86 million. Provident Financial had a net margin of 10.87% and a return on equity of 5.09%. On average, equities analysts predict that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current year.
Provident Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.63%. Provident Financial's payout ratio is currently 57.73%.
Insider Buying and Selling
In related news, SVP Gwendolyn Wertz sold 1,940 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $15.40, for a total transaction of $29,876.00. Following the completion of the transaction, the senior vice president now owns 25,337 shares of the company's stock, valued at approximately $390,189.80. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.41% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Provident Financial
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PROV. Northern Trust Corp boosted its position in Provident Financial by 25.9% in the 4th 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 during the period. Empowered Funds LLC boosted its position in Provident Financial by 7.9% in the 1st quarter. Empowered Funds LLC now owns 29,084 shares of the financial services provider's stock valued at $424,000 after buying an additional 2,120 shares during the period. Black Maple Capital Management LP boosted its position in Provident Financial by 8.9% in the 4th quarter. Black Maple Capital Management LP now owns 31,128 shares of the financial services provider's stock valued at $495,000 after buying an additional 2,557 shares during the period. Fourthstone LLC boosted its position in Provident Financial by 30.5% in the 4th quarter. Fourthstone LLC now owns 90,080 shares of the financial services provider's stock valued at $1,433,000 after buying an additional 21,030 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Provident Financial by 7.4% in 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 buying an additional 23,117 shares during the period. Hedge funds and other 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.
See Also
Before you consider Provident Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Provident Financial wasn't on the list.
While Provident Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
