Provident Financial (NASDAQ:PROV) Stock Passes Above 200 Day Moving Average - What's Next?

Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.27 and traded as high as $14.90. Provident Financial shares last traded at $14.90, with a volume of 44,265 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com assumed coverage on Provident Financial in a report on Sunday, September 15th. They set a "hold" rating for the company. Piper Sandler boosted their price objective on Provident Financial from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st.

Provident Financial Stock Up 1.8 %

The company has a debt-to-equity ratio of 1.84, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $104.34 million, a PE ratio of 14.59 and a beta of 0.40. The company has a fifty day moving average price of $14.13 and a 200 day moving average price of $13.28.

Provident Financial (NASDAQ:PROV - Get Free Report) last issued its earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $15.38 million during the quarter, compared to analyst estimates of $9.57 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same quarter in the prior year, the firm earned $0.26 earnings per share. As a group, analysts anticipate that Provident Financial Holdings, Inc. will post 1 EPS for the current year.

Provident Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, August 15th. Provident Financial's dividend payout ratio is currently 53.85%.

Institutional Trading of Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC raised its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,831 shares of the financial services provider's stock after purchasing an additional 1,575 shares during the quarter. Empowered Funds LLC owned 0.33% of Provident Financial worth $305,000 at the end of the most recent quarter. Institutional investors own 71.34% of the company's stock.

Provident Financial Company Profile

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.