Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.10 and traded as high as $15.79. Provident Financial shares last traded at $15.60, with a volume of 2,612 shares trading hands.
Analyst Ratings Changes
Separately, Piper Sandler raised shares of Provident Financial to a "neutral" rating and set a $16.50 price target for the company in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Provident Financial has an average rating of "Hold" and a consensus price target of $16.50.
Get Our Latest Analysis on PROV
Provident Financial Price Performance
The company has a market capitalization of $102.65 million, a P/E ratio of 16.77 and a beta of 0.39. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.66. The business's 50-day moving average is $15.43 and its two-hundred day moving average is $15.10.
Provident Financial (NASDAQ:PROV - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $9.76 million during the quarter, compared to the consensus estimate of $10.50 million. Provident Financial had a return on equity of 4.85% and a net margin of 10.40%.During the same period in the prior year, the firm posted $0.28 EPS. As a group, analysts predict that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current year.
Provident Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.56 annualized dividend and a dividend yield of 3.6%. Provident Financial's payout ratio is 60.22%.
Institutional Trading of Provident Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Provident Financial by 25.9% in the 4th quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider's stock worth $421,000 after buying an additional 5,445 shares during the last quarter. Empowered Funds LLC boosted its position in Provident Financial by 7.9% during 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. Fourthstone LLC boosted its position in Provident Financial by 31.4% during the 2nd quarter. Fourthstone LLC now owns 115,210 shares of the financial services provider's stock valued at $1,786,000 after buying an additional 27,556 shares during the period. Finally, M3F Inc. raised its holdings in Provident Financial by 0.5% in the 1st quarter. M3F Inc. now owns 438,215 shares of the financial services provider's stock worth $6,394,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors own 71.34% of the company's stock.
About Provident Financial
(
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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