Provident Financial (PROV) Scheduled to Post Quarterly Earnings on Monday

Provident Financial (NASDAQ:PROV - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Provident Financial (NASDAQ:PROV - Get Free Report) last released its quarterly earnings data 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. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. The firm had revenue of $15.38 million during the quarter, compared to analyst estimates of $9.57 million. During the same period in the prior year, the company posted $0.26 earnings per share. On average, analysts expect Provident Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Provident Financial Price Performance

Provident Financial stock traded up $0.47 during mid-day trading on Tuesday, hitting $15.11. 12,879 shares of the company were exchanged, compared to its average volume of 6,988. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.84. The business has a fifty day moving average of $14.20 and a 200 day moving average of $13.30. Provident Financial has a 1-year low of $10.16 and a 1-year high of $15.47. The company has a market capitalization of $103.65 million, a PE ratio of 14.34 and a beta of 0.40.

Provident Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, August 15th. Provident Financial's payout ratio is presently 52.83%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler raised their price target on Provident Financial from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. StockNews.com assumed coverage on Provident Financial in a report on Sunday, September 15th. They issued a "hold" rating on the stock.

About Provident Financial

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.