Investment analysts at StockNews.com initiated coverage on shares of Provident Financial (NASDAQ:PROV - Get Free Report) in a research note issued on Wednesday. The firm set a "hold" rating on the financial services provider's stock.
Separately, Piper Sandler raised their price target on shares of Provident Financial from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th.
Read Our Latest Research Report on PROV
Provident Financial Price Performance
NASDAQ:PROV traded up $0.19 during mid-day trading on Wednesday, reaching $16.18. 3,507 shares of the company were exchanged, compared to its average volume of 7,717. The company has a fifty day moving average of $15.88 and a 200 day moving average of $14.85. The stock has a market cap of $109.38 million, a PE ratio of 14.84 and a beta of 0.38. Provident Financial has a 12 month low of $12.01 and a 12 month high of $16.70. 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 (NASDAQ:PROV - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. During the same quarter last year, the business earned $0.31 earnings per share. On average, research analysts anticipate that Provident Financial will post 1.05 EPS for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC lifted its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,657 shares of the financial services provider's stock after acquiring an additional 1,206 shares during the period. Empowered Funds LLC owned approximately 0.38% of Provident Financial worth $368,000 as of its most recent filing with the Securities and Exchange Commission. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Provident Financial Company Profile
(
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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