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

Analysts at StockNews.com initiated coverage on shares of Provident Financial (NASDAQ:PROV) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler raised their price target on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Provident Financial Trading Up 1.1 %

NASDAQ PROV opened at $15.27 on Tuesday. Provident Financial has a 52 week low of $12.01 and a 52 week high of $16.70. The business has a 50 day moving average price of $15.87 and a 200-day moving average price of $14.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. The company has a market cap of $103.23 million, a price-to-earnings ratio of 14.01 and a beta of 0.38.

Provident Financial (NASDAQ:PROV) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. The business had revenue of $14.97 million during the quarter, compared to analyst estimates of $9.74 million. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, equities analysts expect that Provident Financial will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Provident Financial

A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC grew its holdings in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,657 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the quarter. Empowered Funds LLC owned approximately 0.38% of Provident Financial worth $368,000 at the end of the most recent reporting period. 71.34% of the stock is owned by institutional investors and hedge funds.

Provident Financial Company Profile

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.