Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.18 and traded as high as $15.80. Provident Financial shares last traded at $15.63, with a volume of 24,121 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on shares of Provident Financial in a research note on Wednesday, May 21st. They issued a "hold" rating for the company.
View Our Latest Report on PROV
Provident Financial Stock Performance
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 capitalization of $104.10 million, a P/E ratio of 16.04 and a beta of 0.34. The stock's 50 day moving average is $15.36 and its two-hundred day moving average is $15.16.
Provident Financial (NASDAQ:PROV - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $10.12 million during the quarter, compared to the consensus estimate of $9.86 million. Provident Financial had a net margin of 10.87% and a return on equity of 5.09%. As a group, equities analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.
Provident Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Thursday, May 15th. Provident Financial's dividend payout ratio (DPR) is 57.73%.
Insider Transactions at Provident Financial
In other Provident Financial news, SVP Gwendolyn Wertz sold 1,940 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 owned 25,337 shares of the company's stock, valued at approximately $390,189.80. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.41% of the company's stock.
Institutional Investors Weigh In On Provident Financial
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in 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 in the last quarter. Empowered Funds LLC increased its stake in Provident Financial by 7.9% in the first quarter. Empowered Funds LLC now owns 29,084 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 2,120 shares in the last quarter. M3F Inc. increased its stake in Provident Financial by 0.5% in the first 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 increased its stake 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 valued at $495,000 after purchasing an additional 2,557 shares in the last quarter. Finally, Northern Trust Corp increased its stake in 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 purchasing an additional 5,445 shares in 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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