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NASDAQ:PROV

Provident Financial (PROV) Stock Price, News & Analysis

Provident Financial logo
$15.72 -0.14 (-0.88%)
(As of 11/22/2024 ET)

About Provident Financial Stock (NASDAQ:PROV)

Key Stats

Today's Range
$15.55
$15.90
50-Day Range
$14.14
$15.90
52-Week Range
$11.10
$16.24
Volume
10,787 shs
Average Volume
7,221 shs
Market Capitalization
$106.27 million
P/E Ratio
14.42
Dividend Yield
3.56%
Price Target
$16.00
Consensus Rating
Hold

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.

Provident Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

PROV MarketRank™: 

Provident Financial scored higher than 86% of companies evaluated by MarketBeat, and ranked 214th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Provident Financial's stock forecast and price target.
  • 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 14.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.97.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Provident Financial is 14.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.10.

  • 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.

  • Read more about Provident Financial's valuation and earnings.
  • 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 Leadership

    Provident Financial is a leading dividend payer. It pays a dividend yield of 3.53%, 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.

  • Read more about Provident Financial's dividend.
  • 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 Sentiment

    Provident Financial has a news sentiment score of 0.47. 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 0.83 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article 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.
  • 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.

  • Read more about Provident Financial's insider trading history.
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PROV Stock News Headlines

Provident Financial adds six to commercial lending team
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PROV Stock Analysis - Frequently Asked Questions

Provident Financial's stock was trading at $12.61 on January 1st, 2024. Since then, PROV shares have increased by 24.7% and is now trading at $15.72.
View the best growth stocks for 2024 here
.

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 analysts' consensus estimates of $0.25 by $0.03. The financial services provider had revenue of $14.97 million for the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a trailing twelve-month return on equity of 5.78% and a net margin of 12.58%.

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
.

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.

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
11/23/2024
Dividend Payable
12/05/2024
Next Earnings (Estimated)
2/03/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Federal savings institutions
Sub-Industry
Thrifts & Mortgage Finance
Current Symbol
NASDAQ:PROV
CUSIP
74386810
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
+1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$7.35 million
Pretax Margin
17.78%

Debt

Sales & Book Value

Annual Sales
$58.67 million
Cash Flow
$1.51 per share
Book Value
$19.16 per share

Miscellaneous

Free Float
5,991,000
Market Cap
$106.27 million
Optionable
Not Optionable
Beta
0.39
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This page (NASDAQ:PROV) was last updated on 11/23/2024 by MarketBeat.com Staff
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