Provident Financial (NASDAQ:PROV) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV) in a research report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler increased their price objective on Provident Financial from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Provident Financial Stock Up 0.8 %

PROV opened at $14.36 on Friday. Provident Financial has a one year low of $10.16 and a one year high of $15.40. The company has a market cap of $98.77 million, a price-to-earnings ratio of 13.81 and a beta of 0.39. The business’s fifty day moving average is $12.98 and its two-hundred day moving average is $13.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.21 and a current ratio of 1.21.

Provident Financial (NASDAQ:PROV) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $15.38 million for the quarter, compared to the consensus estimate of $9.57 million. Provident Financial had a net margin of 12.53% and a return on equity of 5.68%. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Analysts anticipate that Provident Financial will post 1 EPS for the current fiscal year.

Institutional Trading of Provident Financial

A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC lifted its stake in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,831 shares of the financial services provider’s stock after acquiring an additional 1,575 shares during the period. Empowered Funds LLC owned 0.33% of Provident Financial worth $305,000 as of its most recent SEC filing. 71.34% of the stock is owned by institutional investors.

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.