Fourthstone LLC boosted its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,080 shares of the financial services provider's stock after purchasing an additional 21,030 shares during the period. Fourthstone LLC owned about 1.33% of Provident Financial worth $1,433,000 at the end of the most recent reporting period.
Separately, Empowered Funds LLC raised its holdings in Provident Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 26,964 shares of the financial services provider's stock worth $429,000 after acquiring an additional 1,307 shares in the last quarter. Institutional investors own 71.34% of the company's stock.
Analysts Set New Price Targets
PROV has been the subject of several recent analyst reports. Piper Sandler cut their price objective on Provident Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. StockNews.com initiated coverage on shares of Provident Financial in a research report on Saturday. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on PROV
Provident Financial Stock Performance
Shares of PROV traded up $0.23 during mid-day trading on Friday, reaching $14.36. The company's stock had a trading volume of 11,290 shares, compared to its average volume of 7,479. Provident Financial Holdings, Inc. has a 1-year low of $12.01 and a 1-year high of $16.70. The business has a 50-day simple moving average of $14.63 and a two-hundred day simple moving average of $15.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.91. The stock has a market cap of $96.08 million, a P/E ratio of 15.78 and a beta of 0.19.
Provident Financial (NASDAQ:PROV - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Provident Financial had a net margin of 10.39% and a return on equity of 4.81%. During the same quarter last year, the company earned $0.31 earnings per share. As a group, equities 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, March 6th. Stockholders of record on Thursday, February 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, February 13th. Provident Financial's payout ratio is 61.54%.
About Provident Financial
(
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.
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