Provident Financial (NASDAQ:PROV) Releases Quarterly Earnings Results

Posted by Linda Flegge on Jan 29th, 2025

Provident Financial (NASDAQ:PROV – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13), RTT News reports. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same period in the prior year, the business earned $0.31 earnings per share.

Provident Financial Trading Up 0.7 %

Shares of PROV opened at $15.99 on Wednesday. The firm has a market cap of $108.09 million, a P/E ratio of 14.67 and a beta of 0.38. Provident Financial has a fifty-two week low of $12.01 and a fifty-two week high of $16.70. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day moving average of $15.87 and a 200 day moving average of $14.84.

Provident Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.50%. Provident Financial’s payout ratio is 51.38%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Piper Sandler boosted their price objective on Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com began coverage on shares of Provident Financial in a report on Wednesday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Report on Provident Financial

About Provident Financial

(Get Free Report)

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.