Media coverage about Provident Financial (NASDAQ:PROV) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Provident Financial earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.1558332749038 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Provident Financial (PROV) traded down $0.18 on Wednesday, reaching $18.29. The company’s stock had a trading volume of 5,597 shares, compared to its average volume of 14,394. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.11 and a quick ratio of 1.01. The firm has a market cap of $137.96, a P/E ratio of 29.29 and a beta of 0.03. Provident Financial has a 52 week low of $17.62 and a 52 week high of $20.35.
Provident Financial (NASDAQ:PROV) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $14.49 million during the quarter, compared to the consensus estimate of $15.40 million. Provident Financial had a return on equity of 3.94% and a net margin of 1.63%. During the same period in the previous year, the firm posted $0.18 EPS.
Several equities analysts recently issued reports on the company. TheStreet cut Provident Financial from a “b-” rating to a “c+” rating in a research report on Friday, February 2nd. Hovde Group set a $20.00 price objective on Provident Financial and gave the company a “hold” rating in a report on Monday, February 5th. Finally, Sandler O’Neill reissued a “hold” rating and set a $19.00 price target on shares of Provident Financial in a research note on Wednesday, January 31st.
In related news, insider David Weiant sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $18.06, for a total transaction of $54,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Craig G. Blunden sold 17,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $18.35, for a total transaction of $311,950.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock valued at $639,880. 12.74% of the stock is owned by corporate insiders.
Provident Financial Company Profile
Provident Financial Holdings, Inc is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans.
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