Provident Financial (NASDAQ:PROV - Get Free Report) issued its quarterly earnings results on Monday. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03, Zacks reports. Provident Financial had a net margin of 12.53% and a return on equity of 5.67%. The company had revenue of $14.97 million for the quarter, compared to the consensus estimate of $9.74 million. During the same quarter in the prior year, the company earned $0.25 EPS.
Provident Financial Price Performance
Provident Financial stock traded up $0.15 during midday trading on Wednesday, reaching $15.61. 4,627 shares of the company were exchanged, compared to its average volume of 6,956. The company has a market capitalization of $105.68 million, a price-to-earnings ratio of 14.59 and a beta of 0.40. The firm's 50-day simple moving average is $14.46 and its 200-day simple moving average is $13.37. Provident Financial has a 1 year low of $10.16 and a 1 year high of $15.70. 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Thursday, November 14th. Provident Financial's dividend payout ratio (DPR) is presently 52.83%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Provident Financial in a research report on Wednesday. They set a "hold" rating on the stock. Piper Sandler lifted their target price on Provident Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Wednesday.
View Our Latest Research Report on Provident Financial
About Provident Financial
(
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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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