Provident Financial (NASDAQ:PROV) Issues Quarterly Earnings Results

Provident Financial (NASDAQ:PROVGet Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03, Zacks reports. The firm had revenue of $14.97 million during the quarter, compared to analysts’ expectations of $9.74 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same quarter last year, the firm earned $0.25 EPS.

Provident Financial Stock Performance

Shares of PROV traded down $0.05 during mid-day trading on Wednesday, reaching $15.46. 454 shares of the company’s stock traded hands, compared to its average volume of 6,938. Provident Financial has a 12 month low of $10.16 and a 12 month high of $15.70. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $104.66 million, a P/E ratio of 14.59 and a beta of 0.40. The business’s 50-day moving average price is $14.46 and its 200-day moving average price is $13.37.

Provident Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.14 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 3.62%. Provident Financial’s dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PROV shares. StockNews.com started coverage on Provident Financial in a report on Wednesday. They issued a “hold” rating for the company. Piper Sandler boosted their price target on Provident Financial from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.

Read Our Latest Analysis on PROV

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.

See Also

Earnings History for Provident Financial (NASDAQ:PROV)

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