Provident Financial (NASDAQ:PROV) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Provident Financial (NASDAQ:PROV - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13), RTT News reports. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. During the same period in the prior year, the business earned $0.31 earnings per share.

Provident Financial Stock Down 2.0 %

PROV stock traded down $0.33 during trading hours on Tuesday, reaching $15.56. 5,671 shares of the stock were exchanged, compared to its average volume of 7,954. The firm's 50-day moving average is $15.87 and its 200-day moving average is $14.81. Provident Financial has a 12 month low of $12.01 and a 12 month high of $16.70. The company has a market cap of $105.15 million, a price-to-earnings ratio of 14.27 and a beta of 0.38. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25.

Provident Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, February 13th. Provident Financial's payout ratio is presently 51.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on Provident Financial from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. StockNews.com began coverage on Provident Financial in a report on Tuesday, January 21st. They set a "hold" rating on the stock.

Provident Financial Company Profile

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.