NASDAQ:PVBC

Provident Bancorp - PVBC Stock Forecast, Price & News

$14.58

+0.23 (+1.60%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $14.38
▼
$14.72
50-Day Range: $14.11
▼
$15.55
52-Week Range: $14.02
▼
$20.14

Volume: 15,815 shs
Average Volume: 26,370 shs
Market Capitalization: $258.36 million

P/E Ratio: 12.57
Dividend Yield: 1.12%
Price Target: $18.00

Provident Bancorp MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23.5% Upside
$18.00 Price Target
Short Interest: Bearish
1.26% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 30.00%
From $1.20 to $1.56 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Finance Sector

252nd out of 925 stocks

Federal Savings Institutions Industry

9th out of 46 stocks

2.5

Analyst's Opinion

Consensus Rating
Provident Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.00, Provident Bancorp has a forecasted upside of 23.5% from its current price of $14.58.
Amount of Analyst Coverage
Provident Bancorp has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.26% of the float of Provident Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Provident Bancorp has a short interest ratio ("days to cover") of 8.5.
Change versus previous month
Short interest in Provident Bancorp has recently increased by 1.72%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Provident Bancorp pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Provident Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Provident Bancorp is 13.79%. 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 10.26% next year. This indicates that Provident Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PVBC.

2.2

News and Social Media Coverage

News Sentiment
Provident Bancorp has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.

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 8.47% of the stock of Provident Bancorp is held by insiders.
Percentage Held by Institutions
43.36% of the stock of Provident Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Provident Bancorp are expected to grow by 30.00% in the coming year, from $1.20 to $1.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Provident Bancorp is 12.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Provident Bancorp is 12.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.30.

See Top Rated MarketRank™ Stocks Here

About Provident Bancorp (NASDAQ:PVBC) Stock

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.

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PVBC Stock News Headlines

August 16, 2022 | finance.yahoo.com

BankProv Announces Strategic Integration with Republic

August 2, 2022 | finance.yahoo.com

Provident Bancorp (NASDAQ:PVBC) Will Pay A Dividend Of $0.04

July 28, 2022 | finance.yahoo.com

Provident Bancorp, Inc. Reports Earnings for the June 30, 2022 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share

June 16, 2022 | finance.yahoo.com

BankProv Welcomes Jean Kim as Senior Vice President of Sponsor Finance

June 11, 2022 | finance.yahoo.com

Do Insiders Own Lots Of Shares In Provident Bancorp, Inc. (NASDAQ:PVBC)?

June 10, 2022 | finance.yahoo.com

BankProv Provides Banking-as-a-Service Support for Etana Custody

May 24, 2022 | finance.yahoo.com

BankProv Appoints Janine Jakubauskas to Senior Vice President of Enterprise Risk

May 4, 2022 | finance.yahoo.com

Provident Bancorp's (NASDAQ:PVBC) Dividend Will Be US$0.04

April 28, 2022 | finance.yahoo.com

Provident Bancorp, Inc. Reports Earnings for the March 31, 2022 Quarter and Continues Payment of Quarterly Cash Dividends of $0.04 per Share

April 8, 2022 | seekingalpha.com

Provident Bancorp subsidiary teams up with Synctera

April 8, 2022 | finance.yahoo.com

BankProv Partners with Synctera to Create Card Program in Support of Banking-as-a-Service Model

April 7, 2022 | finance.yahoo.com

Do Provident Bancorp's (NASDAQ:PVBC) Earnings Warrant Your Attention?

March 29, 2022 | finance.yahoo.com

BankProv Joins Alloy Labs Alliance to Help Create the Future of Banking

March 28, 2022 | americanbankingnews.com

Provident Bancorp (NASDAQ:PVBC) Receives New Coverage from Analysts at Stephens

March 2, 2022 | finance.yahoo.com

BankProv Partners with Rocketplace to Support Crypto Trading Platform with Traditional Banking Payment Rails

February 4, 2022 | nasdaq.com

Should You Be Adding Provident Bancorp (NASDAQ:PVBC) To Your Watchlist Today?

February 4, 2022 | benzinga.com

Tuesday Is Your Last Chance To Buy Provident Bancorp Before The Dividend Payout

February 4, 2022 | finance.yahoo.com

Provident Bancorp, Inc. (NASDAQ:PVBC) Passed Our Checks, And It's About To Pay A US$0.04 Dividend

January 27, 2022 | nasdaq.com

Provident Bancorp (PVBC) Misses Q4 Earnings Estimates

January 27, 2022 | finance.yahoo.com

Provident Bancorp, Inc. Reports Earnings for the December 31, 2021 Quarter and Year and Continues Payment of Quarterly Cash Dividends of $0.04 per Share

January 20, 2022 | msn.com

Provident Bancorp (PVBC) Earnings Expected to Grow: Should You Buy?

January 18, 2022 | finance.yahoo.com

BankProv to Scale its Specialty Banking Team to Serve Underserved Markets

January 7, 2022 | finance.yahoo.com

Those who invested in Provident Bancorp (NASDAQ:PVBC) five years ago are up 113%

December 16, 2021 | finance.yahoo.com

BankProv Partners with CrossTower to Offer a Crypto Lending Platform

December 3, 2021 | finance.yahoo.com

Mass. will soon have another post-pandemic bank stock offering

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PVBC Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 8/26 Dividend: 8/11/2022
Dividend Payable: 8/26/2022
Today: 10/05/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:PVBC
CUSIP: N/A
CIK: 1635840
Web: www.theprovidentbank.com
Phone: 978-834-8555
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $18.00
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +23.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.16
Trailing P/E Ratio: 12.57
Forward P/E Ratio: 12.15
P/E Growth: N/A
Net Income: $16.14 million
Net Margins: 25.77%
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $69.97 million
Price / Sales: 3.69
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 17,720,000
Free Float: 16,218,000
Market Cap: $258.36 million
Optionable: Not Optionable
Beta: 0.87

Key Executives

Mr. David P. Mansfield (Age 56)
Pres, CEO & Director

Ms. Carol L. Houle (Age 47)
CFO & Exec. VP

Kimberly Scholtz
Sec.

Ms. Anne Lapointe
Exec. VP & Chief Admin. Officer of The Provident Bank

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PVBC Stock - Frequently Asked Questions

Should I buy or sell Provident Bancorp stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Provident Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PVBC shares.
View PVBC analyst ratings or view top-rated stocks.
What is Provident Bancorp's stock price forecast for 2022?: 1 equities research analysts have issued 1 year target prices for Provident Bancorp's stock. Their PVBC share price forecasts range from $18.00 to $18.00. On average, they expect the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for PVBC or view top-rated stocks among Wall Street analysts.
How have PVBC shares performed in 2022?: Provident Bancorp's stock was trading at $18.60 on January 1st, 2022. Since then, PVBC stock has decreased by 21.6% and is now trading at $14.58.
View the best growth stocks for 2022 here.
When is Provident Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PVBC earnings forecast.
How were Provident Bancorp's earnings last quarter?: Provident Bancorp Inc (NASDAQ:PVBC) issued its earnings results on Thursday, July, 28th. The bank reported $0.33 earnings per share (EPS) for the quarter. The bank earned $20.16 million during the quarter.
How often does Provident Bancorp pay dividends? What is the dividend yield for Provident Bancorp?: Provident Bancorp declared a quarterly dividend on Thursday, July 28th. Investors of record on Friday, August 12th will be paid a dividend of $0.04 per share on Friday, August 26th. This represents a $0.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 11th.
Read our dividend analysis for PVBC.

Is Provident Bancorp a good dividend stock?: Provident Bancorp (NASDAQ:PVBC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.12%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PVBC will have a dividend payout ratio of 10.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PVBC.
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), Southern (SO), Suncor Energy (SU), AT&T (T), Toronto-Dominion Bank (TD) and Teekay LNG Partners (TGP).
What is Provident Bancorp's stock symbol?: Provident Bancorp trades on the NASDAQ under the ticker symbol "PVBC."
How do I buy shares of Provident Bancorp?: Shares of PVBC stock 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.
Compare Top Brokerages Here.
What is Provident Bancorp's stock price today?: One share of PVBC stock can currently be purchased for approximately $14.58.
How much money does Provident Bancorp make?: Provident Bancorp (NASDAQ:PVBC) has a market capitalization of $258.36 million and generates $69.97 million in revenue each year. The bank earns $16.14 million in net income (profit) each year or $1.16 on an earnings per share basis.
How can I contact Provident Bancorp?: Provident Bancorp's mailing address is 5 MARKET STREET, AMESBURY MA, 01913. The official website for the company is www.theprovidentbank.com. The bank can be reached via phone at 978-834-8555.

This page (NASDAQ:PVBC) was last updated on 10/5/2022 by MarketBeat.com Staff

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Provident Bancorp - PVBC Stock Forecast, Price & News

Provident Bancorp MarketRank™ Forecast

Overall MarketRank™