Stock analysts at StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROV - Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a "hold" rating on the financial services provider's stock.
Separately, Piper Sandler lifted their target price on shares of Provident Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Analysis on PROV
Provident Financial Stock Performance
PROV traded down $0.22 during midday trading on Friday, reaching $15.91. The company had a trading volume of 4,763 shares, compared to its average volume of 7,158. The business has a 50-day moving average of $15.90 and a two-hundred day moving average of $14.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. Provident Financial has a 1 year low of $12.01 and a 1 year high of $16.70. The company has a market cap of $107.60 million, a P/E ratio of 14.60 and a beta of 0.38.
Provident Financial (NASDAQ:PROV - Get Free Report) last released its earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. The company had revenue of $14.97 million during the quarter, compared to analyst estimates of $9.74 million. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts predict that Provident Financial will post 1.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Provident Financial
An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC increased its position in Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,657 shares of the financial services provider's stock after buying an additional 1,206 shares during the period. Empowered Funds LLC owned 0.38% of Provident Financial worth $368,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
About Provident Financial
(
Get Free Report)
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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