Provident Financial (NASDAQ:PROV) now covered by analysts at StockNews.com

StockNews.com has begun coverage of the stock Provident Financial (NASDAQ:PROV – Free Report) in a report issued Friday morning. The firm issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler raised their price objective on shares of Provident Financial from $13.00 to $14.00 and gave the company a neutral rating in a research note on Wednesday, July 31st.

See our latest report on PROV

Provident Financial Price Performance

Shares of PROV stock opened at $14.36 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21, and a debt-to-equity ratio of 1.81. The stock’s 50-day moving average is $12.98, and its two-hundred-day moving average is $13.19. Provident Financial has a 12 month low of $10.16 and a 12 month high of $15.40. The firm has a market cap of $98.77 million, a PE ratio of 13.81 and a beta of 0.39.

Provident Financial (NASDAQ:PROV – Get Your Free Report ) last posted its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $15.38 million for the quarter, compared to the consensus estimate of $9.57 million. Provident Financial had a return on equity of 5.68% and a net margin of 12.53%. In the same period last year, the company earned $0.26 per share. research analysts anticipate that Provident Financial will post 1 earnings per share for the current year.

Provident Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.14 dividend. This represents an annualized dividend of $0.56 and a yield of 3.90%. The ex-dividend date is Thursday, August 15. Provident Financial’s payout ratio is currently 53.85%.

Institutional Trading of Provident Financial

An institutional investor recently lifted its position in shares of Provident Financial. Empowered Funds LLC increased its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,831 shares of the financial services provider’s stock after acquiring an additional 1,575 shares during the period. Empowered Funds LLC owned 0.33% of Provident Financial worth $305,000 as of its most recent filing with the Securities and Exchange Commission. 71.34% of the shares are held by hedge funds and other institutional investors.

Provident Financial Company Profile

(Get a free report)

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, FSB, which provides community banking services to consumers and small and medium-sized businesses in the Inland Empire region of Southern California. The company’s deposit products include checking, savings and money market accounts, as well as time deposits; and the loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgages, commercial business and consumer loans.

Further reading

Get news and reviews for Provident Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Provident Financial and related companies with MarketBeat.com’s FREE daily email newsletter.