Provident Financial (PROV) Stock Price, News & Analysis

Company Overview

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. It also offers investment services comprising the sale of investment products, such as annuities and mutual funds; and trustee services for real estate transactions. The company operates through full-service banking offices in Riverside County and San Bernardino County. Provident Financial Holdings, Inc. was founded in 1956 and is headquartered in Riverside, California.

Key Stats

• Today's Range: $15.68 to $15.90
• 50-Day Range: $14.14 to $15.90
• 52-Week Range: $11.10 to $16.24
• Volume: 1,034 shs
• Average Volume: 7,028 shs
• Market Capitalization: $106.00 million
• P/E Ratio: 14.39
• Dividend Yield: 3.57%
• Price Target: $16.00
• Consensus Rating: Hold

Provident Financial Stock Analysis - MarketRank™

Provident Financial scored higher than 85% of companies evaluated by MarketBeat, and ranked 224th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Provident Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Provident Financial has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 28.57%

Earnings Growth

Earnings for Provident Financial are expected to grow by 28.57% in the coming year, from $1.05 to $1.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Provident Financial is 14.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Provident Financial is 14.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.38.

Price to Book Value per Share Ratio

Provident Financial has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.43% of the float of Provident Financial has been sold short.

Short Interest Ratio / Days to Cover

Provident Financial has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Provident Financial has recently decreased by 4.55%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Provident Financial is a leading dividend payer. It pays a dividend yield of 3.55%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Provident Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Provident Financial is 51.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Provident Financial will have a dividend payout ratio of 41.48% next year. This indicates that Provident Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -0.07

Percentage of Shares Shorted

0.43% of the float of Provident Financial has been sold short.

Short Interest Ratio / Days to Cover

Provident Financial has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Provident Financial has recently decreased by 4.55%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: 0.12

News Sentiment

Provident Financial has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Provident Financial this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Provident Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Provident Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $16,489.00 in company stock.

Percentage Held by Insiders

11.41% of the stock of Provident Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

71.34% of the stock of Provident Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PROV Stock Analysis - Frequently Asked Questions

How have PROV shares performed this year?

Provident Financial's stock was trading at $12.61 at the beginning of the year. Since then, PROV shares have increased by 24.3% and is now trading at $15.68.
View the best growth stocks for 2024 here.

How were Provident Financial's earnings last quarter?

Provident Financial Holdings, Inc. (NASDAQ:PROV) released its quarterly earnings results on Monday, October, 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The financial services provider earned $14.97 million during the quarter, compared to analysts' expectations of $9.74 million. Provident Financial had a net margin of 12.58% and a trailing twelve-month return on equity of 5.78%.

Who are Provident Financial's major shareholders?

Provident Financial's top institutional investors include The Manufacturers Life Insurance Company (4.61%), Fourthstone LLC (1.02%), Geode Capital Management LLC (0.90%) and Empowered Funds LLC (0.38%).
View institutional ownership trends.

How do I buy shares of Provident Financial?

Shares of PROV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Provident Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Provident Financial investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Booking (BKNG), Tesla (TSLA), Exxon Mobil (XOM), Brunswick (BC) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/15/2024
• Dividend Payable: 9/05/2024
• Last Earnings: 10/28/2024
• Ex-Dividend for 12/5 Dividend: 11/14/2024
• Today: 11/21/2024
• Dividend Payable: 12/05/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Federal savings institutions
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:PROV
• CUSIP: 74386810
• CIK: 1010470
• Web: www.myprovident.com
• Phone: (951) 686-6060
• Fax: 909-782-6132
• Employees: 160
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $16.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +1.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.09
• Trailing P/E Ratio: 14.48
• Forward P/E Ratio: 15.03
• P/E Growth: N/A
• Net Income: $7.35 million
• Net Margins: 12.58%
• Pretax Margin: 17.78%
• Return on Equity: 5.78%
• Return on Assets: 0.58%

Debt

• Debt-to-Equity Ratio: 1.93
• Current Ratio: 1.25
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $58.67 million
• Price / Sales: 1.82
• Cash Flow: $1.52 per share
• Price / Cash Flow: 10.41
• Book Value: $18.89 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 6,760,000
• Free Float: 5,991,000
• Market Cap: $106.67 million
• Optionable: Not Optionable
• Beta: 0.39