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NASDAQ:PVBC

Provident Bancorp (PVBC) Stock Price, News & Analysis

Provident Bancorp logo
$10.37
-0.22 (-2.08%)
(As of 10/31/2024 ET)

About Provident Bancorp Stock (NASDAQ:PVBC)

Key Stats

Today's Range
$10.37
$10.53
50-Day Range
$10.12
$11.20
52-Week Range
$7.36
$12.32
Volume
19,030 shs
Average Volume
49,444 shs
Market Capitalization
$183.24 million
P/E Ratio
32.41
Dividend Yield
N/A
Price Target
$11.00
Consensus Rating
Hold

Company Overview

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.

Provident Bancorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
60th Percentile Overall Score

PVBC MarketRank™: 

Provident Bancorp scored higher than 60% of companies evaluated by MarketBeat, and ranked 551st out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Provident Bancorp has received no research coverage in the past 90 days.

  • Read more about Provident Bancorp's stock forecast and price target.
  • Earnings Growth

    Earnings for Provident Bancorp are expected to grow by 69.23% in the coming year, from $0.26 to $0.44 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Provident Bancorp is 32.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Provident Bancorp is 32.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.75.

  • Price to Book Value per Share Ratio

    Provident Bancorp has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Provident Bancorp's valuation and earnings.
  • Percentage of Shares Shorted

    1.37% 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 5.8.
  • Change versus previous month

    Short interest in Provident Bancorp has recently decreased by 5.91%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Provident Bancorp does not currently pay a dividend.

  • Dividend Growth

    Provident Bancorp does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.37% 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 5.8.
  • Change versus previous month

    Short interest in Provident Bancorp has recently decreased by 5.91%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Provident Bancorp has a news sentiment score of 0.30. 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 lower news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Provident Bancorp this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Provident Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,085.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 3.88% of the stock of Provident Bancorp is held by insiders.

  • Percentage Held by Institutions

    74.61% of the stock of Provident Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Provident Bancorp's insider trading history.
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PVBC Stock News Headlines

Provident Bancorp reports September quarter EPS 4c vs. 15c last year
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Provident Bancorp Inc
See More Headlines

PVBC Stock Analysis - Frequently Asked Questions

Provident Bancorp's stock was trading at $10.07 at the beginning of the year. Since then, PVBC shares have increased by 3.0% and is now trading at $10.37.
View the best growth stocks for 2024 here
.

Provident Bancorp Inc (NASDAQ:PVBC) released its quarterly earnings results on Monday, July, 29th. The bank reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.25. The bank earned $23.40 million during the quarter. Provident Bancorp had a net margin of 5.53% and a trailing twelve-month return on equity of 2.37%.

Provident Bancorp's top institutional shareholders include Pallas Capital Advisors LLC (0.51%) and Nvest Financial LLC (0.09%). Insiders that own company stock include Carol L Houle, Laurie H Knapp, Dennis Pollack, Kenneth R Fisher and Kathleen Chase Curran.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Provident Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM), Broadcom (AVGO) and Tesla (TSLA).

Company Calendar

Last Earnings
7/29/2024
Today
10/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Savings institutions, except federal
Sub-Industry
N/A
Current Symbol
NASDAQ:PVBC
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$11.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+5.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.95 million
Pretax Margin
9.48%

Debt

Sales & Book Value

Annual Sales
$97.36 million
Cash Flow
$0.70 per share
Book Value
$12.55 per share

Miscellaneous

Free Float
16,982,000
Market Cap
$184.83 million
Optionable
Optionable
Beta
0.45
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This page (NASDAQ:PVBC) was last updated on 10/31/2024 by MarketBeat.com Staff
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