Provident Financial (NASDAQ:PROV) Receives Coverage Optimism Score of 0.24

News stories about Provident Financial (NASDAQ:PROV) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Financial earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines 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 effect on the company’s share price in the near term.

Provident Financial stock opened at $18.21 on Thursday. Provident Financial has a 12 month low of $17.62 and a 12 month high of $20.35. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $137.67, a PE ratio of 29.22 and a beta of 0.03.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business 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 quarter last year, the company earned $0.18 EPS.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.14 per share. The ex-dividend date was Friday, February 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.08%. Provident Financial’s dividend payout ratio (DPR) is presently 430.80%.

Several brokerages recently weighed in on PROV. TheStreet lowered Provident Financial from a “b-” rating to a “c+” rating in a report on Friday, February 2nd. Hovde Group set a $20.00 target price on Provident Financial and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Sandler O’Neill restated a “hold” rating and issued a $19.00 target price on shares of Provident Financial in a research note on Wednesday, January 31st.

In other news, Chairman Craig G. Blunden sold 17,000 shares of Provident Financial stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $18.35, for a total transaction of $311,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Donavon P. Ternes sold 15,000 shares of Provident Financial stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $18.25, for a total value of $273,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,000 shares of company stock valued at $639,880. Corporate insiders own 12.74% of the company’s stock.

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About Provident Financial

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. It operates through two segments: Provident Bank and Provident Bank Mortgage.

Insider Buying and Selling by Quarter for Provident Financial (NASDAQ:PROV)

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