Fourthstone LLC acquired a new stake in Provident Bancorp Inc (NASDAQ:PVBC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,686 shares of the bank's stock, valued at approximately $498,000. Fourthstone LLC owned 0.25% of Provident Bancorp as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Provident Bancorp by 165.8% during the third quarter. JPMorgan Chase & Co. now owns 50,554 shares of the bank's stock worth $545,000 after purchasing an additional 31,535 shares during the last quarter. Barclays PLC lifted its holdings in Provident Bancorp by 51.6% during the third quarter. Barclays PLC now owns 26,192 shares of the bank's stock worth $283,000 after acquiring an additional 8,911 shares during the period. Corient Private Wealth LLC purchased a new position in shares of Provident Bancorp in the 4th quarter worth about $162,000. Charles Schwab Investment Management Inc. boosted its stake in Provident Bancorp by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 45,932 shares of the bank's stock valued at $524,000 after acquiring an additional 2,815 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Provident Bancorp by 3.9% during the 3rd quarter. State Street Corp now owns 180,816 shares of the bank's stock worth $1,951,000 after purchasing an additional 6,864 shares during the last quarter. Institutional investors own 74.61% of the company's stock.
Provident Bancorp Stock Performance
NASDAQ PVBC traded up $0.36 on Tuesday, hitting $11.26. 1,133 shares of the stock traded hands, compared to its average volume of 44,489. Provident Bancorp Inc has a 12 month low of $7.80 and a 12 month high of $12.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.09 and a current ratio of 1.09. The business's fifty day moving average is $11.57 and its two-hundred day moving average is $11.36. The firm has a market capitalization of $200.22 million, a price-to-earnings ratio of 25.94 and a beta of 0.30.
Provident Bancorp (NASDAQ:PVBC - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.24. Provident Bancorp had a net margin of 7.62% and a return on equity of 3.22%. As a group, equities analysts anticipate that Provident Bancorp Inc will post 0.43 EPS for the current fiscal year.
Provident Bancorp Company Profile
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Free Report)
Provident Bancorp, Inc is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc, a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc is an innovative, commercial bank that finds solutions for its business and private clients.
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