Stock analysts at StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV - Get Free Report) in a research note issued on Thursday. The firm set a "hold" rating on the financial services provider's stock.
Separately, Piper Sandler lifted their target price on Provident Financial from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th.
Get Our Latest Report on PROV
Provident Financial Trading Up 2.6 %
Provident Financial stock traded up $0.41 during trading hours on Thursday, reaching $16.38. 9,088 shares of the company's stock were exchanged, compared to its average volume of 7,114. The firm has a market capitalization of $110.78 million, a PE ratio of 14.65 and a beta of 0.38. Provident Financial has a twelve month low of $11.30 and a twelve month high of $16.45. The firm's 50 day simple moving average is $15.51 and its 200 day simple moving average is $14.03. 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 released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $14.97 million for the quarter, compared to analyst estimates of $9.74 million. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same period last year, the firm earned $0.25 earnings per share. Research analysts predict that Provident Financial will post 1.05 earnings per share for the current year.
Hedge Funds Weigh In On Provident Financial
A hedge fund recently bought a new stake in Provident Financial stock. Fourthstone LLC bought a new stake in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 69,050 shares of the financial services provider's stock, valued at approximately $991,000. Fourthstone LLC owned 1.02% of Provident Financial at the end of the most recent reporting period. Institutional investors and hedge funds own 71.34% of the company's stock.
About Provident Financial
(
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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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