Provident Financial (NASDAQ:PROV) Announces Quarterly Earnings Results

Provident Financial (NASDAQ:PROV) issued 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. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. The firm had revenue of $14.97 million for the quarter, compared to analyst estimates of $9.74 million. During the same period last year, the company earned $0.25 EPS.

Provident Financial Trading Up 2.5 %

NASDAQ PROV opened at $15.85 on Thursday. The firm has a market capitalization of $107.30 million, a PE ratio of 14.95 and a beta of 0.40. The stock’s 50 day moving average is $14.52 and its 200 day moving average is $13.39. Provident Financial has a twelve month low of $10.16 and a twelve month high of $15.85. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.84.

Provident Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, November 14th. Provident Financial’s dividend payout ratio is currently 52.83%.

Analyst Ratings Changes

PROV has been the subject of a number of research analyst reports. StockNews.com started coverage on Provident Financial in a research note on Wednesday. They issued a “hold” rating for the company. Piper Sandler raised their target price on shares of Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday.

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.