Provident Bancorp (NASDAQ:PVBC) last released its earnings results on Thursday, October 19th. The bank reported $0.30 earnings per share (EPS) for the quarter. Provident Bancorp had a return on equity of 7.02% and a net margin of 19.62%.
Shares of Provident Bancorp (PVBC) opened at $26.00 on Wednesday. The stock has a market capitalization of $254.18, a P/E ratio of 30.23 and a beta of 0.28. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Provident Bancorp has a fifty-two week low of $17.20 and a fifty-two week high of $27.38.
An institutional investor recently raised its position in Provident Bancorp stock. State Street Corp lifted its position in shares of Provident Bancorp Inc (NASDAQ:PVBC) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,305 shares of the bank’s stock after purchasing an additional 7,147 shares during the quarter. State Street Corp owned approximately 0.74% of Provident Bancorp worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.45% of the company’s stock.
Separately, ValuEngine lowered Provident Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
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Provident Bancorp Company Profile
Provident Bancorp, Inc is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire.
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