About Provident Bancorp (NASDAQ:PVBC)
Provident Bancorp, Inc. is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire. The Bank also has a loan production office in Nashua, New Hampshire. Its primary lending area encompasses Northeastern Massachusetts and Southern New Hampshire, with a focus on Essex County, Massachusetts, and Hillsborough and Rockingham Counties, New Hampshire. Its primary deposit-gathering area is concentrated in Essex County, Massachusetts, Rockingham County, New Hampshire, and Hillsborough County, New Hampshire. The Bank uses funds to originate loans, primarily commercial real estate, construction and land development and commercial business loans, and to invest in securities.
Industry, Sector and Symbol
Industry BANKS & THRIFTS
Trailing P/E Ratio24.72
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$45.74 million
Price / Sales5.62
Cash Flow$1.19 per share
Price / Cash22.42
Book Value$12.02 per share
Price / Book2.22
Net Income$7.91 million
Return on Equity8.68%
Return on Assets1.12%
Provident Bancorp (NASDAQ:PVBC) Frequently Asked Questions
What is Provident Bancorp's stock symbol?
Provident Bancorp trades on the NASDAQ under the ticker symbol "PVBC."
How will Provident Bancorp's stock buyback program work?
Provident Bancorp announced that its board has approved a stock buyback plan on Monday, April 10th 2017, which permits the company to buyback 630,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Provident Bancorp's earnings last quarter?
Provident Bancorp Inc (NASDAQ:PVBC) released its quarterly earnings results on Thursday, January, 25th. The bank reported $0.41 earnings per share (EPS) for the quarter. The bank earned $13.04 million during the quarter. Provident Bancorp had a return on equity of 8.68% and a net margin of 17.31%. View Provident Bancorp's Earnings History.
Who are some of Provident Bancorp's key competitors?
Some companies that are related to Provident Bancorp include First Community Bancshares (FCBC), Bank of Marin Bancorp (BMRC), Financial Institutions (FISI), United Community Financial (UCFC), Republic First Bancorp (FRBK), Arrow Financial (AROW), First Mid-Illinois Bancshares (FMBH), CNB Financial (CCNE), Atlantic Capital Bancshares (ACBI), Hingham Institution for Savings (HIFS), Capital City Bank Group (CCBG), Old Second Bancorp (OSBC), Franklin Financial Network (FSB), First Connecticut Bancorp (FBNK), Sierra Bancorp (BSRR), Century Bancorp (CNBKA), RBB Bancorp (RBB) and Old Line Bancshares, Inc. (MD) (OLBK).
Who are Provident Bancorp's key executives?
Provident Bancorp's management team includes the folowing people:
- David P. Mansfield, President, Chief Executive Officer, Director
- Carol L. Houle, Chief Financial Officer, Executive Vice President (Age 44)
- John K. Bosen, Director (Age 50)
- Frank G. Cousins, Director (Age 56)
- Lisa DeStefano, Director
- Jay E. Gould, Director
- Laurie H. Knapp, Director (Age 57)
Has Provident Bancorp been receiving favorable news coverage?
Media stories about PVBC stock have trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Bancorp earned a coverage optimism score of 0.24 on Accern's scale. They also assigned media headlines about the bank an impact score of 45.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Provident Bancorp's major shareholders?
Provident Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Basswood Capital Management L.L.C. (2.97%), Bank of New York Mellon Corp (0.26%), Deutsche Bank AG (0.20%), Oakmont Partners LLC (0.09%), Wells Fargo & Company MN (0.06%) and Vigilant Capital Management LLC (0.05%). Company insiders that own Provident Bancorp stock include Charles F Withee, David P Mansfield, John K Bosen, Laurie H Knapp and Wayne S Tatro. View Institutional Ownership Trends for Provident Bancorp.
Which major investors are buying Provident Bancorp stock?
PVBC stock was purchased by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., Bank of New York Mellon Corp, Oakmont Partners LLC, Deutsche Bank AG, Vigilant Capital Management LLC and Wells Fargo & Company MN. Company insiders that have bought Provident Bancorp stock in the last two years include Charles F Withee, David P Mansfield, John K Bosen, Laurie H Knapp and Wayne S Tatro. View Insider Buying and Selling for Provident Bancorp.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Provident Bancorp's stock price today?
One share of PVBC stock can currently be purchased for approximately $26.70.
How big of a company is Provident Bancorp?
Provident Bancorp has a market capitalization of $257.08 million and generates $45.74 million in revenue each year. The bank earns $7.91 million in net income (profit) each year or $0.86 on an earnings per share basis. Provident Bancorp employs 128 workers across the globe.
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.
MarketBeat Community Rating for Provident Bancorp (PVBC)MarketBeat's community ratings are surveys of what our community members think about Provident Bancorp 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.
Provident Bancorp (NASDAQ:PVBC) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Provident Bancorp (NASDAQ:PVBC) Earnings History and Estimates Chart
Provident Bancorp (NASDAQ PVBC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018||Q4 2017||$0.41||$13.04 million||View||N/A|
|10/19/2017||Q3 2017||$0.30||$11.13 million||View||N/A|
|7/20/2017||Q2 2017||$0.17||$9.01 million||View||N/A|
|4/20/2017||Q1 2017||$0.20||$8.83 million||View||N/A|
|1/26/2017||Q4 2016||$0.19||$7.94 million||View||N/A|
|10/20/2016||Q3 2016||$0.19||$8.08 million||View||N/A|
|7/14/2016||Q2 2016||$0.15||$7.31 million||View||N/A|
|4/21/2016||Q1 2016||$0.16||$7.22 million||View||N/A|
Provident Bancorp (NASDAQ:PVBC) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Provident Bancorp (NASDAQ:PVBC)
No dividend announcements for this company have been tracked by MarketBeat.com
Provident Bancorp (NASDAQ PVBC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.68%
Institutional Ownership Percentage: 19.39%
Provident Bancorp (NASDAQ PVBC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/13/2017||David P. Mansfield||CEO||Buy||4,255||$23.45||$99,779.75|| |
|8/1/2016||John K Bosen||Director||Buy||215||$15.99||$3,437.85||10,000|| |
|7/29/2016||John K Bosen||Director||Buy||2,900||$15.97||$46,313.00||10,000|| |
|7/21/2016||Laurie H Knapp||Director||Buy||304||$15.90||$4,833.60||3,454|| |
|7/20/2016||Charles F Withee||Insider||Buy||3,000||$15.94||$47,820.00|| |
|5/16/2016||Wayne S Tatro||Director||Buy||80||$14.09||$1,127.20|| |
|7/15/2015||Carol L Houle||CFO||Buy||15,000||$10.00||$150,000.00|| |
|7/15/2015||David P Mansfield||CEO||Buy||25,000||$10.00||$250,000.00|| |
|7/15/2015||Laurie H Knapp||Director||Buy||10,150||$10.00||$101,500.00|| |
Provident Bancorp (NASDAQ PVBC) News Headlines
|Provident Bancorp, Inc. Reports Earnings for the December 31, 2017 Quarter and Year|
finance.yahoo.com - January 25 at 4:53 PM
|Provident Bancorp (PVBC) Set to Announce Quarterly Earnings on Wednesday|
www.americanbankingnews.com - January 17 at 2:26 AM
|Insider Buying: Provident Bancorp Inc (PVBC) CEO Buys 4,255 Shares of Stock|
www.americanbankingnews.com - December 18 at 6:20 PM
|Provident Bancorp, Inc. :PVBC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 18, 2017|
finance.yahoo.com - December 18 at 4:42 PM
|ValuEngine Lowers Provident Bancorp (PVBC) to Hold|
www.americanbankingnews.com - December 2 at 7:42 PM
|Provident Bancorp posts 3Q profit|
www.cnbc.com - October 19 at 8:49 PM
|Provident Bancorp, Inc. Reports Earnings of the September 30, 2017 Quarter|
finance.yahoo.com - October 19 at 8:49 PM
|Provident Bancorp, Inc. (PVBC) Scheduled to Post Earnings on Wednesday|
www.americanbankingnews.com - October 11 at 1:56 AM
|ETFs with exposure to Provident Bancorp, Inc. : September 25, 2017|
finance.yahoo.com - September 25 at 12:43 PM
|Provident Bancorp, Inc. :PVBC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017|
finance.yahoo.com - September 22 at 2:53 PM
|Provident Bancorp, Inc. Reports Earnings of the June 30, 2017 Quarter|
finance.yahoo.com - July 21 at 6:26 AM
|Provident Bancorp, Inc. (PVBC) Raised to "B-" at TheStreet|
www.americanbankingnews.com - July 19 at 9:19 PM
|ETFs with exposure to Provident Bancorp, Inc. : July 5, 2017|
finance.yahoo.com - July 6 at 8:15 AM
|PROVIDENT BANCORP, INC. Files SEC form 10-K/A, Annual Report|
biz.yahoo.com - March 28 at 7:11 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - January 28 at 5:51 AM
|Provident Bancorp, Inc. Reports Earnings for the December 31, 2016 Quarter and Year|
us.rd.yahoo.com - January 27 at 1:45 AM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhib|
biz.yahoo.com - November 29 at 1:57 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vot|
biz.yahoo.com - September 22 at 6:34 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition|
biz.yahoo.com - July 15 at 12:05 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - May 31 at 4:02 PM
|Provident Bancorp posts 1Q profit|
www.cnbc.com - April 22 at 2:25 PM
|Provident Bank Gives Back to the Community - Donates Over $400,000 Through the Community Partnership Program|
www.nasdaq.com - April 5 at 1:17 PM
|Provident Financial Services, Inc. Schedules First Quarter Earnings Conference Call|
www.nasdaq.com - April 1 at 1:45 PM
|PROVIDENT BANCORP, INC. Files SEC form 10-K, Annual Report|
biz.yahoo.com - March 30 at 2:13 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Other Events|
biz.yahoo.com - December 28 at 4:33 PM
|PROVIDENT BANCORP, INC. Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - November 12 at 6:07 PM
|PROVIDENT BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E|
biz.yahoo.com - October 23 at 11:33 AM
Provident Bancorp (NASDAQ:PVBC) SEC Filings
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Provident Bancorp (NASDAQ:PVBC) Income Statement, Balance Sheet and Cash Flow Statement
Provident Bancorp (NASDAQ PVBC) Stock Chart for Monday, March, 19, 2018