NASDAQ:PVBC

Provident Bancorp Stock Forecast, Price & News

$11.91

-0.27 (-2.22 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$11.88

Now: $11.91▼

$12.11

50-Day Range

$10.10

MA: $11.69▼

$12.41

52-Week Range

$7.21

Now: $11.91▼

$12.54

Volume23,829 shs

Average Volume45,173 shs

Market Capitalization$231.35 million

P/E Ratio15.67

Dividend Yield0.99%

Beta0.9

Provident Bancorp, Inc. is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc., a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc. is an innovative, commercial bank that finds solutions for its business and private clients.

Overall MarketRank^™

1.50 out of 5 stars

Finance Sector

640th out of 1,704 stocks

Federal Savings Institutions Industry

30th out of 93 stocks

1.0 Analyst's Opinion

Consensus Rating
Provident Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.00, Provident Bancorp has a forecasted upside of 0.8% from its current price of $11.91.
Amount of Analyst Coverage
Provident Bancorp has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Provident Bancorp has received 88 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Provident Bancorp has received 124 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Provident Bancorp has received 58.49% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Provident Bancorp and other stocks. Vote “Outperform” if you believe PVBC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PVBC will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Provident Bancorp has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Provident Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Provident Bancorp is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Provident Bancorp will have a dividend payout ratio of 21.43% next year. This indicates that Provident Bancorp will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Provident Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.33% of the stock of Provident Bancorp is held by insiders.
Percentage Held by Institutions
39.72% of the stock of Provident Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Provident Bancorp are expected to grow by 1.82% in the coming year, from $0.55 to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Provident Bancorp is 15.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of Provident Bancorp is 15.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.33.
Price to Book Value per Share Ratio
Provident Bancorp has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Federal savings institutions

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:PVBC

Previous Symbol

CUSIPN/A

CIK1635840

Webwww.theprovidentbank.com

Phone978-834-8555

EmployeesN/A

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio15.67

Forward P/E Ratio21.65

P/E GrowthN/A

Sales & Book Value

Annual Sales$55.65 million

Price / Sales4.16

Cash Flow$0.76 per share

Price / Cash Flow15.57

Book Value$6.45 per share

Price / Book1.85

Profitability

EPS (Most Recent Fiscal Year)$0.60

Net Income$10.81 million

Net Margins17.82%

Return on Equity7.45%

Return on Assets0.95%

Miscellaneous

Outstanding Shares19,425,000

Market Cap$231.35 million

Next Earnings Date1/28/2021 (Estimated)

OptionableNot Optionable

$11.91

-0.27 (-2.22 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Provident Bancorp (NASDAQ:PVBC) Frequently Asked Questions

How has Provident Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Provident Bancorp's stock was trading at $8.86 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PVBC shares have increased by 34.4% and is now trading at $11.91.
View which stocks have been most impacted by COVID-19.

Is Provident Bancorp a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Provident Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Provident Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PVBC, but not buy additional shares or sell existing shares.
View analyst ratings for Provident Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Provident Bancorp?

Wall Street analysts have given Provident Bancorp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Provident Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Provident Bancorp's next earnings date?

Provident Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Provident Bancorp.

How were Provident Bancorp's earnings last quarter?

Provident Bancorp Inc (NASDAQ:PVBC) posted its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.07. The bank earned $14.91 million during the quarter, compared to analyst estimates of $14.17 million. Provident Bancorp had a return on equity of 7.45% and a net margin of 17.82%.
View Provident Bancorp's earnings history.

How often does Provident Bancorp pay dividends? What is the dividend yield for Provident Bancorp?

Provident Bancorp declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.03 per share on Thursday, November 19th. This represents a $0.12 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, November 4th.
View Provident Bancorp's dividend history.

Is Provident Bancorp a good dividend stock?

Provident Bancorp pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.99%. The dividend payout ratio of Provident Bancorp is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Provident Bancorp will have a dividend payout ratio of 21.43% next year. This indicates that Provident Bancorp will be able to sustain or increase its dividend.
View Provident Bancorp's dividend history.

What price target have analysts set for PVBC?

2 equities research analysts have issued twelve-month target prices for Provident Bancorp's stock. Their forecasts range from $12.00 to $12.00. On average, they expect Provident Bancorp's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price.
View analysts' price targets for Provident Bancorp or view Wall Street analyst' top-rated stocks.

Who are some of Provident Bancorp's key competitors?

Some companies that are related to Provident Bancorp include Northfield Bancorp, Inc. (Staten Island, NY) (NFBK), Dime Community Bancshares (DCOM), NASB Financial (NASB), Waterstone Financial (WSBF), HomeTrust Bancshares (HTBI), Farmers & Merchants Bancorp (FMAO), Bluegreen Vacations (BVHBB), Bluegreen Vacations (BBXTB), Sterling Bancorp (SBT), Territorial Bancorp (TBNK), Northrim BanCorp (NRIM), BCB Bancorp (BCBP), First Capital (FCAP), North Dallas Bank & Trust (NODB) and Codorus Valley Bancorp (CVLY).
View all of PVBC's competitors.

What other stocks do shareholders of Provident Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Provident Bancorp investors own include Independent Bank (INDB), International Paper (IP), Altria Group (MO), Royal Bank of Canada (RY), Shaw Communications (SJR), The Southern (SO), Suncor Energy (SU), AT&T (T), The Toronto-Dominion Bank (TD) and Teekay LNG Partners (TGP).

Who are Provident Bancorp's key executives?

Provident Bancorp's management team includes the following people:

Mr. David P. Mansfield, Pres, CEO & Director (Age 56)
Ms. Carol L. Houle, CFO & Exec. VP (Age 47)
Kimberly Scholtz, Sec.
Ms. Anne Lapointe, Exec. VP & Chief Admin. Officer of The Provident Bank

What is Provident Bancorp's stock symbol?

Provident Bancorp trades on the NASDAQ under the ticker symbol "PVBC."

Who are Provident Bancorp's major shareholders?

Provident Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (0.26%).
View institutional ownership trends for Provident Bancorp.

Which institutional investors are buying Provident Bancorp stock?

PVBC stock was bought by a variety of institutional investors in the last quarter, including Rockland Trust Co..
View insider buying and selling activity for Provident Bancorp or or view top insider-buying stocks.

How do I buy shares of Provident Bancorp?

Shares of PVBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Provident Bancorp's stock price today?

One share of PVBC stock can currently be purchased for approximately $11.91.

How big of a company is Provident Bancorp?

Provident Bancorp has a market capitalization of $231.35 million and generates $55.65 million in revenue each year. The bank earns $10.81 million in net income (profit) each year or $0.60 on an earnings per share basis.

What is Provident Bancorp's official website?

The official website for Provident Bancorp is www.theprovidentbank.com.

How can I contact Provident Bancorp?

Provident Bancorp's mailing address is 5 MARKET STREET, AMESBURY MA, 01913. The bank can be reached via phone at 978-834-8555.

This page was last updated on 1/17/2021 by MarketBeat.com Staff

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