Provident Bancorp Inc (NASDAQ:PVBC - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.83 and traded as high as $12.00. Provident Bancorp shares last traded at $11.23, with a volume of 41,747 shares changing hands.
Provident Bancorp Stock Up 2.0 %
The firm's 50 day simple moving average is $11.74 and its 200 day simple moving average is $11.34. The company has a market cap of $193.19 million, a price-to-earnings ratio of 25.26 and a beta of 0.30. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.04.
Provident Bancorp (NASDAQ:PVBC - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $0.29 EPS for the quarter, beating the consensus estimate of $0.05 by $0.24. Provident Bancorp had a net margin of 7.62% and a return on equity of 3.22%. Sell-side analysts anticipate that Provident Bancorp Inc will post 0.43 EPS for the current fiscal year.
Institutional Trading of Provident Bancorp
A number of hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in Provident Bancorp by 3.9% in the 3rd quarter. State Street Corp now owns 180,816 shares of the bank's stock worth $1,951,000 after purchasing an additional 6,864 shares during the last quarter. Barclays PLC increased its holdings in Provident Bancorp by 51.6% in the third quarter. Barclays PLC now owns 26,192 shares of the bank's stock worth $283,000 after buying an additional 8,911 shares during the last quarter. Geode Capital Management LLC raised its position in Provident Bancorp by 1.7% during the third quarter. Geode Capital Management LLC now owns 371,738 shares of the bank's stock valued at $4,012,000 after acquiring an additional 6,078 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Provident Bancorp by 165.8% in the third quarter. JPMorgan Chase & Co. now owns 50,554 shares of the bank's stock valued at $545,000 after acquiring an additional 31,535 shares during the last quarter. Finally, Four Tree Island Advisory LLC bought a new stake in Provident Bancorp in the fourth quarter worth approximately $1,053,000. 74.61% of the stock is owned by hedge funds and other institutional investors.
About Provident Bancorp
(
Get Free Report)
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.
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