Provident Financial (NASDAQ:PROV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV) in a research note released on Monday. The firm issued a hold rating on the financial services provider’s stock.

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

Provident Financial Trading Down 0.8 %

Shares of NASDAQ:PROV opened at $14.85 on Monday. Provident Financial has a 52 week low of $12.01 and a 52 week high of $16.70. The company’s 50 day moving average is $15.97 and its two-hundred day moving average is $14.62. The company has a market cap of $100.43 million, a PE ratio of 13.62 and a beta of 0.38. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.93.

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

Provident Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Thursday, November 14th. Provident Financial’s dividend payout ratio (DPR) is 51.38%.

Institutional Investors Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC lifted its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,657 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC owned about 0.38% of Provident Financial worth $368,000 at the end of the most recent reporting period. Institutional investors own 71.34% of the company’s stock.

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.