Provident Bancorp Stock Forecast, Price & News

Provident Bancorp's stock was trading at $8.86 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PVBC shares have increased by 17.4% and is now trading at $10.40.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Provident Bancorp in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Provident Bancorp.

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

Provident Bancorp Inc (NASDAQ:PVBC) released its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.07. The bank had revenue of $14.91 million for the quarter, compared to analysts' expectations of $14.17 million. Provident Bancorp had a net margin of 17.82% and a return on equity of 7.45%.
View Provident Bancorp's earnings history.

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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 4th.
View Provident Bancorp's dividend history.

2 Wall Street analysts have issued 1-year price targets for Provident Bancorp's stock. Their forecasts range from $12.00 to $12.00. On average, they anticipate Provident Bancorp's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Provident Bancorp.

Provident Bancorp saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 49,900 shares, a decrease of 14.3% from the October 15th total of 58,200 shares. Based on an average trading volume of 39,600 shares, the short-interest ratio is currently 1.3 days.
View Provident Bancorp's Short Interest.

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), Bluegreen Vacations (BBXTB), Farmers & Merchants Bancorp (FMAO), First Capital (FCAP), Territorial Bancorp (TBNK), Northrim BanCorp (NRIM), Bluegreen Vacations (BVHBB), BCB Bancorp (BCBP), Sterling Bancorp (SBT), PDL Community Bancorp (PDLB) and North Dallas Bank & Trust (NODB).
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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).

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

Provident Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include TCW Group Inc. (3.15%), BlackRock Inc. (3.00%), Maltese Capital Management LLC (2.31%), JPMorgan Chase & Co. (1.29%), GSA Capital Partners LLP (0.23%) and Dakota Wealth Management (0.13%).
View institutional ownership trends for Provident Bancorp.

PVBC stock was sold by a variety of institutional investors in the last quarter, including Maltese Capital Management LLC, JPMorgan Chase & Co., Raymond James Financial Services Advisors Inc., Acadian Asset Management LLC, Dakota Wealth Management, and BlackRock Inc..
View insider buying and selling activity for Provident Bancorp.

PVBC stock was acquired by a variety of institutional investors in the last quarter, including TCW Group Inc., GSA Capital Partners LLP, Seizert Capital Partners LLC, and WINTON GROUP Ltd.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PVBC stock can currently be purchased for approximately $10.40.

Provident Bancorp has a market capitalization of $202.02 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.

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

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