Gwendolyn Wertz Sells 1,940 Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) Stock

Provident Financial Holdings, Inc. (NASDAQ:PROV) SVP Gwendolyn Wertz sold 1,940 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $15.40, for a total transaction of $29,876.00. Following the transaction, the senior vice president now directly owns 25,337 shares in the company, valued at approximately $390,189.80. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Provident Financial Stock Up 0.2%

Shares of PROV stock traded up $0.03 on Wednesday, hitting $15.45. The stock had a trading volume of 8,498 shares, compared to its average volume of 7,515. The company has a market cap of $103.38 million, a PE ratio of 16.91 and a beta of 0.34. Provident Financial Holdings, Inc. has a one year low of $12.01 and a one year high of $16.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.91. The business has a 50 day moving average price of $14.86 and a 200 day moving average price of $15.26.

Provident Financial (NASDAQ:PROV) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $10.12 million for the quarter, compared to the consensus estimate of $9.86 million. Provident Financial had a return on equity of 4.81% and a net margin of 10.39%. Research analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Provident Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a $0.14 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.56 dividend on an annualized basis and a yield of 3.62%. Provident Financial’s dividend payout ratio is presently 57.73%.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Provident Financial in a report on Wednesday, May 21st. They set a “hold” rating on the stock.

Institutional Trading of Provident Financial

A number of institutional investors have recently modified their holdings of PROV. Northern Trust Corp grew its holdings in Provident Financial by 25.9% in the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 5,445 shares during the last quarter. Empowered Funds LLC grew its stake in Provident Financial by 7.9% during the 1st quarter. Empowered Funds LLC now owns 29,084 shares of the financial services provider’s stock worth $424,000 after buying an additional 2,120 shares during the last quarter. Black Maple Capital Management LP grew its stake in Provident Financial by 8.9% during the 4th quarter. Black Maple Capital Management LP now owns 31,128 shares of the financial services provider’s stock worth $495,000 after buying an additional 2,557 shares during the last quarter. Fourthstone LLC increased its position in Provident Financial by 30.5% during the 4th quarter. Fourthstone LLC now owns 90,080 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 21,030 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Provident Financial by 7.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider’s stock valued at $5,326,000 after buying an additional 23,117 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.