About Provident Financial Holdings (NASDAQ:PROV)
Provident Financial Holdings, Inc. is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank's operations primarily consist of accepting deposits from customers within the communities surrounding the Bank's full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans. PBM operations primarily consist of the origination, purchase and sale of mortgage loans secured by single-family residences. The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Bank offers business checking accounts, other business banking services and services loans for others.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:PROV
- CUSIP: 74386810
- Web: www.myprovident.com
- Market Cap: $149.34 million
- Outstanding Shares: 7,695,000
- 50 Day Moving Avg: $19.55
- 200 Day Moving Avg: $19.21
- 52 Week Range: $17.62 - $20.66
Sales & Book Value:
- Trailing P/E Ratio: 30.25
- P/E Growth: -1.66
- Annual Revenue: $67.6 million
- Price / Sales: 2.18
- Book Value: $16.62 per share
- Price / Book: 1.15
- Annual Dividend: $0.56
- Dividend Yield: 2.9%
- Net Margins: 7.11%
- Return on Equity: 3.96%
- Return on Assets: 0.43%
- Debt-to-Equity Ratio: 0.98%
- Current Ratio: 1.16%
- Quick Ratio: 1.04%
- Average Volume: 12,132 shs.
- Beta: -0.04
- Short Ratio: 4.93
Frequently Asked Questions for Provident Financial Holdings (NASDAQ:PROV)
What is Provident Financial Holdings' stock symbol?
Provident Financial Holdings trades on the NASDAQ under the ticker symbol "PROV."
How often does Provident Financial Holdings pay dividends? What is the dividend yield for Provident Financial Holdings?
Provident Financial Holdings declared a quarterly dividend on Tuesday, August 1st. Investors of record on Monday, August 21st will be given a dividend of $0.14 per share on Monday, September 11th. This represents a $0.56 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change from Provident Financial Holdings's previous quarterly dividend of $0.13. View Provident Financial Holdings' Dividend History.
How will Provident Financial Holdings' stock buyback program work?
Provident Financial Holdings announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 20th 2017, which allows the company to repurchase 390,000 shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
How were Provident Financial Holdings' earnings last quarter?
Provident Financial Holdings, Inc. (NASDAQ:PROV) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.06. The firm had revenue of $15.86 million for the quarter, compared to the consensus estimate of $18.20 million. Provident Financial Holdings had a return on equity of 3.96% and a net margin of 7.11%. During the same quarter last year, the business posted $0.31 EPS. View Provident Financial Holdings' Earnings History.
When will Provident Financial Holdings make its next earnings announcement?
Where is Provident Financial Holdings' stock going? Where will Provident Financial Holdings' stock price be in 2017?
1 brokerages have issued 1-year price objectives for Provident Financial Holdings' stock. Their predictions range from $20.00 to $20.00. On average, they expect Provident Financial Holdings' share price to reach $20.00 in the next twelve months. View Analyst Ratings for Provident Financial Holdings.
Who are some of Provident Financial Holdings' key competitors?
Some companies that are related to Provident Financial Holdings include BankFinancial Corporation (BFIN), The First Bancshares (FBMS), MidSouth Bancorp (MSL), Shore Bancshares (SHBI), Howard Bancorp (HBMD), Riverview Bancorp (RVSB), First Financial Northwest (FFNW), County Bancorp (ICBK), FS Bancorp (FSBW), California First National Bancorp (CFNB), Bank of Commerce Holdings (CA) (BOCH), Entegra Financial Corp. (ENFC), Middlefield Banc Corp. (MBCN), Sussex Bancorp (SBBX), Atlantic Coast Financial Corporation (ACFC), CB Financial Services (CBFV), Guaranty Federal Bancshares (GFED) and Eagle Bancorp Montana (EBMT).
Who are Provident Financial Holdings' key executives?
Provident Financial Holdings' management team includes the folowing people:
- Craig G. Blunden, Chairman of the Board, Chief Executive Officer of the Company and the Bank
- Donavon P. Ternes, President, Chief Operating Officer, Chief Financial Officer, Corporate Secretary,
- Robert Scott Ritter, Senior Vice President - Mortgage Banking for the Bank
- David S. Weiant, Senior Vice President, Chief Lending Officer
- Gwendolyn L. Wertz, Senior Vice President - Retail Banking of the Bank
- Joseph P. Barr CPA, Independent Director
- Bruce W. Bennett, Independent Director
- Judy A. Carpenter, Independent Director
- Debbi H. Guthrie, Independent Director
- Roy H. Taylor, Independent Director
Who owns Provident Financial Holdings stock?
Provident Financial Holdings' stock is owned by many different of institutional and retail investors. Top institutional investors include
(4.10%). Company insiders that own Provident Financial Holdings stock include David Weiant, Debbi Guthrie, Lilian Brunner-Salter and Richard L Gale. View Institutional Ownership Trends for Provident Financial Holdings.
How do I buy Provident Financial Holdings stock?
Shares of Provident Financial Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Provident Financial Holdings' stock price today?
MarketBeat Community Rating for Provident Financial Holdings (NASDAQ PROV)MarketBeat's community ratings are surveys of what our community members think about Provident Financial Holdings and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Provident Financial Holdings stock can currently be purchased for approximately $19.14.
Consensus Ratings for Provident Financial Holdings (NASDAQ:PROV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$20.00 (4.49% upside)|Consensus Price Target History for Provident Financial Holdings (NASDAQ:PROV)
Analysts' Ratings History for Provident Financial Holdings (NASDAQ:PROV)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|4/11/2017||Hovde Group||Initiated Coverage||Market Perform -> Market Perform||$20.00||Low|
|10/15/2016||Panmure Gordon||Reiterated Rating||Hold||N/A|
|10/15/2016||Numis Securities Ltd||Reiterated Rating||Hold||N/A|
|8/3/2016||Citigroup Inc.||Reiterated Rating||Buy||N/A|
|7/29/2016||Keefe, Bruyette & Woods||Boost Price Target||Market Perform||$17.50 -> $19.00||N/A|
|7/27/2016||Beaufort Securities||Reiterated Rating||Hold||N/A|
|6/25/2016||Shore Capital||Reiterated Rating||Hold||N/A|
|6/17/2016||Barclays PLC||Reiterated Rating||Overweight||N/A|
|12/17/2015||Sandler O'Neill||Downgrade||Buy -> Hold||N/A|
|11/10/2015||Piper Jaffray Companies||Downgrade||Hold||N/A|
Earnings History for Provident Financial Holdings (NASDAQ:PROV)Earnings History by Quarter for Provident Financial Holdings (NASDAQ PROV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017|| || || || || || || || |
|7/26/2017||Q4 2017||$0.18||$0.12||$18.20 million||$15.86 million||View||N/A|
|4/27/2017||Q3 2017||$0.16||$0.14||$16.79 million||$15.44 million||View||N/A|
|1/27/2017||Q2 2017||$0.26||$0.18||$20.45 million||$16.92 million||View||N/A|
|10/25/2016||Q1||$0.26||$0.20||$19.26 million||$18.34 million||View||N/A|
|4/26/2016||Q3||$0.19||$0.18||$15.20 million||$16.34 million||View||N/A|
|1/26/2016||Q2||$0.28||$0.11||$18.00 million||$15.19 million||View||N/A|
|10/27/2015||Q1||$0.25||$0.28||$18.70 million||$18.52 million||View||N/A|
|7/28/2015||Q4||$0.30||$0.28||$19.30 million||$19.36 million||View||Listen|
|4/28/2015||Q115||$0.26||$0.29||$18.30 million||$19.65 million||View||N/A|
|1/26/2015||Q215||$0.24||$0.25||$17.10 million||$17.61 million||View||N/A|
|10/29/2014||Q115||$0.23||$0.25||$16.91 million||$17.87 million||View||N/A|
|7/30/2014||Q414||$0.16||$0.22||$12.20 million||$17.21 million||View||N/A|
|4/29/2014||Q314||$0.18||$0.14||$9.20 million||$14.24 million||View||N/A|
|7/30/2013||Q4 2013||$0.41||$0.49||$23.40 million||View||N/A|
|4/25/2013||Q3 2013||$0.48||$0.45||$26.10 million||View||N/A|
|1/24/2013||Q2 2013||$0.48||$0.64||$27.40 million||View||N/A|
Earnings Estimates for Provident Financial Holdings (NASDAQ:PROV)
2017 EPS Consensus Estimate: $0.96
2018 EPS Consensus Estimate: $0.80
2019 EPS Consensus Estimate: $1.20
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Provident Financial Holdings (NASDAQ:PROV)
|Most Recent Dividend:||9/11/2017|
|Payout Ratio:||87.50% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Provident Financial Holdings (NASDAQ PROV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Provident Financial Holdings (NASDAQ:PROV)
Insider Ownership Percentage: 15.71%Insider Trades by Quarter for Provident Financial Holdings (NASDAQ:PROV)
Institutional Ownership Percentage: 59.85%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/21/2017||Debbi Guthrie||Director||Sell||5,600||$19.10||$106,960.00|| |
|3/17/2017||David Weiant||Insider||Sell||20,000||$18.70||$374,000.00|| |
|11/3/2016||David Weiant||Insider||Sell||2,909||$19.01||$55,300.09|| |
|10/27/2016||Lilian Brunner-Salter||SVP||Sell||9,000||$18.94||$170,460.00|| |
|6/7/2016||Richard L Gale||SVP||Sell||91||$18.50||$1,683.50|| |
|5/5/2016||Richard L Gale||SVP||Sell||5,000||$18.00||$90,000.00|| |
|3/23/2016||Richard L Gale||SVP||Sell||5,000||$17.90||$89,500.00|| |
|2/12/2016||Debbi Guthrie||Director||Sell||8,200||$16.87||$138,334.00|| |
|11/17/2015||Richard L. Gale||SVP||Sell||9,000||$17.92||$161,280.00|| |
|9/21/2015||Judy A Carpenter||Director||Buy||1,200||$16.96||$20,352.00|| |
|6/17/2015||Joseph Barr||Director||Sell||19,000||$17.84||$338,960.00|| |
|5/18/2015||Lilian Brunner-Salter||SVP||Sell||7,820||$16.70||$130,594.00|| |
|5/14/2015||Lilian Brunner-Salter||SVP||Sell||15,000||$16.67||$250,050.00|| |
|3/24/2015||Richard L Gale||SVP||Sell||3,071||$16.11||$49,473.81|| |
|8/4/2014||David Weiant||SVP||Sell||1,000||$14.33||$14,330.00|| |
|12/12/2013||Roy Taylor||Director||Sell||18,140||$14.68||$266,295.20|| |
|8/21/2013||Lilian Brunner-Salter||SVP||Sell||4,230||$18.07||$76,436.10|| |
|8/7/2013||David Weiant||SVP||Sell||2,220||$18.03||$40,026.60|| |
|8/1/2013||William E Thomas||Director||Sell||25,000||$17.32||$433,000.00|| |
|5/1/2013||Richard L Gale||SVP||Sell||6,000||$16.20||$97,200.00|| |
Headline Trends for Provident Financial Holdings (NASDAQ:PROV)
Latest Headlines for Provident Financial Holdings (NASDAQ:PROV)
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Provident Financial Holdings (PROV) Chart for Tuesday, October, 24, 2017