Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.88 and traded as high as $18.12. Provident Financial shares last traded at $17.98, with a volume of 6,600 shares trading hands.
Analyst Ratings Changes
PROV has been the topic of several research reports. Weiss Ratings restated a "hold (c)" rating on shares of Provident Financial in a research note on Friday, July 17th. Zacks Research raised Provident Financial to a "hold" rating in a report on Monday, June 29th. Finally, Piper Sandler upped their target price on Provident Financial from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.00.
Get Our Latest Stock Analysis on Provident Financial
Provident Financial Price Performance
The stock has a market cap of $112.38 million, a price-to-earnings ratio of 17.46 and a beta of 0.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.45. The company's 50-day moving average is $17.43 and its 200-day moving average is $16.88.
Provident Financial (NASDAQ:PROV - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $15.22 million for the quarter, compared to analyst estimates of $10.00 million. Provident Financial had a return on equity of 5.22% and a net margin of 11.16%. Equities research analysts expect that Provident Financial Holdings, Inc. will post 1.22 earnings per share for the current fiscal year.
Provident Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.1%. Provident Financial's dividend payout ratio (DPR) is presently 54.37%.
Insider Activity at Provident Financial
In other news, SVP David Weiant sold 2,732 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $17.12, for a total value of $46,771.84. Following the sale, the senior vice president owned 6,175 shares of the company's stock, valued at approximately $105,716. This represents a 30.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 4,744 shares of company stock valued at $81,076. 11.49% of the stock is currently owned by insiders.
Institutional Trading of Provident Financial
Several large investors have recently added to or reduced their stakes in PROV. Public Employees Retirement System of Ohio acquired a new stake in shares of Provident Financial during the second quarter worth approximately $37,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Provident Financial in the second quarter valued at approximately $63,000. Allworth Financial LP acquired a new position in shares of Provident Financial in the 2nd quarter worth approximately $203,000. Bank of New York Mellon Corp acquired a new position in shares of Provident Financial in the 2nd quarter worth approximately $190,000. Finally, Perigon Wealth Management LLC bought a new stake in Provident Financial during the 2nd quarter worth approximately $342,000. 71.34% of the stock is owned by institutional investors.
About Provident Financial
(
Get Free Report)
Provident Financial Services, Inc NASDAQ: PROV is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.
The company's principal business activities include retail banking, commercial lending, mortgage finance and wealth management.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
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
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
