Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on November 14th

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.14 per share by the financial services provider on Thursday, December 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, November 14th.

Provident Financial has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Provident Financial to earn $1.35 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 41.5%.

Provident Financial Price Performance

PROV stock traded down $0.10 during trading on Friday, hitting $15.50. The stock had a trading volume of 1,594 shares, compared to its average volume of 6,990. Provident Financial has a 1-year low of $10.16 and a 1-year high of $15.63. The company’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.35. The stock has a market cap of $106.33 million, a price-to-earnings ratio of 14.62 and a beta of 0.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.23 and a current ratio of 1.23.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.28 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 analyst estimates of $9.57 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same period last year, the company posted $0.26 earnings per share. On average, sell-side analysts forecast that Provident Financial will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

PROV has been the topic of a number of analyst reports. StockNews.com started coverage on shares of Provident Financial in a report on Sunday, September 15th. They issued a “hold” rating on the stock. Piper Sandler increased their price target on Provident Financial from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

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.