Provident Bancorp (PVBC) Stock Price, News & Analysis

Company Overview

Provident Bancorp, Inc. is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc., a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc. is an innovative, commercial bank that finds solutions for its business and private clients.

Key Stats

• Today's Range: $11.31 to $12.00
• 50-Day Range: $10.33 to $11.91
• 52-Week Range: $7.36 to $12.32
• Volume: 158,920 shs
• Average Volume: 48,262 shs
• Market Capitalization: $211.16 million
• P/E Ratio: 37.22
• Dividend Yield: N/A
• Price Target: $12.00
• Consensus Rating: Hold

Provident Bancorp Stock Analysis - MarketRank™

Provident Bancorp scored higher than 46% of companies evaluated by MarketBeat, and ranked 664th out of 935 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 Bancorp 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 Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 41.38%

Earnings Growth

Earnings for Provident Bancorp are expected to grow by 41.38% in the coming year, from $0.29 to $0.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Provident Bancorp is 37.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Provident Bancorp is 37.22, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.70.

Price to Book Value per Share Ratio

Provident Bancorp has a P/B Ratio of 0.95. 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

0.94% of the float of Provident Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Provident Bancorp has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Provident Bancorp has recently decreased by 8.89%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Provident Bancorp does not currently pay a dividend.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Provident Bancorp is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Provident Bancorp will have a dividend payout ratio of 9.76% next year. This indicates that Provident Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.94% of the float of Provident Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Provident Bancorp has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Provident Bancorp has recently decreased by 8.89%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

Provident Bancorp has a news sentiment score of 0.37. 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 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Provident Bancorp this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Provident Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.88% of the stock of Provident Bancorp is held by insiders.

Percentage Held by Institutions

74.61% of the stock of Provident Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PVBC Stock Analysis - Frequently Asked Questions

How have PVBC shares performed this year?

Provident Bancorp's stock was trading at $10.07 at the beginning of 2024. Since then, PVBC shares have increased by 18.3% and is now trading at $11.91.
View the best growth stocks for 2024 here.

How were Provident Bancorp's earnings last quarter?

Provident Bancorp Inc (NASDAQ:PVBC) released its earnings results on Monday, July, 29th. The bank reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.25. The bank earned $23.40 million during the quarter. Provident Bancorp had a net margin of 5.53% and a trailing twelve-month return on equity of 2.36%.

Who are Provident Bancorp's major shareholders?

Top institutional shareholders of Provident Bancorp include Geode Capital Management LLC (2.10%), State Street Corp (1.02%), Pallas Capital Advisors LLC (0.51%) and Barclays PLC (0.15%). Insiders that own company stock include Carol L Houle, Laurie H Knapp, Dennis Pollack, Kenneth R Fisher and Kathleen Chase Curran.
View institutional ownership trends.

How do I buy shares of Provident Bancorp?

Shares of PVBC 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 Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Provident Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM), Broadcom (AVGO) and Tesla (TSLA).

Company Calendar

• Last Earnings: 7/29/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: N/A
• Current Symbol: NASDAQ:PVBC
• CUSIP: N/A
• CIK: 1635840
• Web: www.theprovidentbank.com
• Phone: 978-834-8555
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.00
• High Stock Price Target: $12.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +0.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.32
• Trailing P/E Ratio: 37.22
• Forward P/E Ratio: 41.07
• P/E Growth: N/A
• Net Income: $10.95 million
• Net Margins: 5.53%
• Pretax Margin: 7.23%
• Return on Equity: 2.36%
• Return on Assets: 0.32%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 1.09
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $55.40 million
• Price / Sales: 3.81
• Cash Flow: $0.69 per share
• Price / Cash Flow: 17.23
• Book Value: $12.55 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 17,730,000
• Free Float: 17,042,000
• Market Cap: $211.16 million
• Optionable: Optionable
• Beta: 0.48