Provident Financial Holdings, Inc. (PROV) to Issue Quarterly Dividend of $0.14 on March 6th

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Thursday, February 13th will be given a dividend of 0.14 per share by the financial services provider on Thursday, March 6th. This represents a $0.56 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, February 13th.

Provident Financial has a dividend payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Provident Financial to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 46.7%.

Provident Financial Price Performance

PROV opened at $15.91 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. Provident Financial has a 12 month low of $12.01 and a 12 month high of $16.70. The company has a fifty day simple moving average of $15.87 and a 200 day simple moving average of $15.02. The stock has a market cap of $107.55 million, a P/E ratio of 17.48 and a beta of 0.39.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Provident Financial had a return on equity of 4.80% and a net margin of 10.39%. During the same quarter last year, the company earned $0.31 EPS. On average, research analysts expect that Provident Financial will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Provident Financial in a research note on Thursday, February 6th. They issued a “hold” rating for the company. Piper Sandler lowered their price target on shares of Provident Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th.

About Provident Financial

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.