Provident Financial (NASDAQ:PROV - Get Free Report) had its price objective raised by Piper Sandler from $15.00 to $16.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. Piper Sandler's price objective would indicate a potential upside of 0.95% from the company's previous close.
Separately, StockNews.com started coverage on shares of Provident Financial in a report on Wednesday. They issued a "hold" rating for the company.
Check Out Our Latest Research Report on Provident Financial
Provident Financial Stock Performance
Shares of NASDAQ PROV traded up $0.39 during trading hours on Wednesday, reaching $15.85. 6,690 shares of the stock were exchanged, compared to its average volume of 6,969. The firm has a market capitalization of $107.30 million, a price-to-earnings ratio of 14.95 and a beta of 0.40. The stock's fifty day simple moving average is $14.52 and its 200 day simple moving average is $13.39. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.23 and a current ratio of 1.23. Provident Financial has a 52 week low of $10.16 and a 52 week high of $15.85.
Provident Financial (NASDAQ:PROV - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $14.97 million for the quarter, compared to analysts' expectations of $9.74 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same quarter last year, the business earned $0.25 EPS. Sell-side analysts predict that Provident Financial will post 1 EPS for the current year.
Institutional Investors Weigh In On Provident Financial
A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC lifted its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,831 shares of the financial services provider's stock after acquiring an additional 1,575 shares during the period. Empowered Funds LLC owned approximately 0.33% of Provident Financial worth $305,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 71.34% of the company's stock.
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.
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