Provident Financial (NASDAQ:PROV) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV) in a research report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Provident Financial Trading Down 0.2 %

Shares of PROV stock opened at $13.36 on Tuesday. The company has a market cap of $92.58 million, a P/E ratio of 11.62 and a beta of 0.40. The stock has a 50 day simple moving average of $13.93 and a two-hundred day simple moving average of $12.99. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.21 and a current ratio of 1.21. Provident Financial has a fifty-two week low of $10.16 and a fifty-two week high of $15.40.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $9.65 million during the quarter, compared to the consensus estimate of $10.00 million. Provident Financial had a return on equity of 6.20% and a net margin of 14.43%. Research analysts forecast that Provident Financial will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Provident Financial

Several hedge funds and other institutional investors have recently modified their holdings of PROV. Prelude Capital Management LLC bought a new stake in shares of Provident Financial during the third quarter valued at approximately $251,000. Raffles Associates LP increased its holdings in shares of Provident Financial by 2.6% during the first quarter. Raffles Associates LP now owns 391,349 shares of the financial services provider’s stock valued at $5,334,000 after acquiring an additional 10,000 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Provident Financial by 6.4% during the second quarter. Baird Financial Group Inc. now owns 164,062 shares of the financial services provider’s stock valued at $2,092,000 after acquiring an additional 9,813 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Provident Financial by 2.5% during the first quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider’s stock worth $5,826,000 after buying an additional 8,604 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Provident Financial by 38.2% during the fourth quarter. Northern Trust Corp now owns 23,358 shares of the financial services provider’s stock worth $295,000 after buying an additional 6,458 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Provident Financial

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-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 loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.