Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.60 and traded as high as $15.90. Provident Financial shares last traded at $15.90, with a volume of 801 shares traded.
Analysts Set New Price Targets
A number of research firms have recently commented on PROV. StockNews.com started coverage on Provident Financial in a research report on Thursday, November 7th. They set a "hold" rating on the stock. Piper Sandler boosted their price objective on Provident Financial from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th.
Check Out Our Latest Analysis on Provident Financial
Provident Financial Price Performance
The stock's 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $13.61. The company has a market capitalization of $107.53 million, a price-to-earnings ratio of 14.59 and a beta of 0.39. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.93.
Provident Financial (NASDAQ:PROV - Get Free Report) last issued its quarterly earnings results 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. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. The firm had revenue of $14.97 million for the quarter, compared to analyst estimates of $9.74 million. During the same period last year, the company posted $0.25 EPS. Equities research analysts predict that Provident Financial Holdings, Inc. will post 1.05 earnings per share for the current year.
Provident Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, November 14th. Provident Financial's payout ratio is 51.38%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Provident Financial stock. Fourthstone LLC acquired a new stake in Provident Financial Holdings, Inc. (NASDAQ:PROV - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 69,050 shares of the financial services provider's stock, valued at approximately $991,000. Fourthstone LLC owned about 1.02% of Provident Financial at the end of the most recent quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
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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