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

StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROV) in a research note published on Thursday. The firm issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler cut their price target on Provident Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th.

Provident Financial Stock Down 0.1 %

PROV stock opened at $15.93 on Thursday. The firm has a fifty day moving average price of $15.88 and a two-hundred day moving average price of $14.96. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. Provident Financial has a 1-year low of $12.01 and a 1-year high of $16.70. The firm has a market cap of $107.69 million, a price-to-earnings ratio of 17.51 and a beta of 0.39.

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

Provident Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.52%. Provident Financial’s dividend payout ratio (DPR) is presently 61.54%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Provident Financial stock. Fourthstone LLC acquired a new position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 69,050 shares of the financial services provider’s stock, valued at approximately $991,000. Fourthstone LLC owned 1.02% of Provident Financial at the end of the most recent quarter. 71.34% of the stock is owned by institutional investors.

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.