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

Stock analysts at StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV) in a research note issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler decreased their price target on Provident Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th.

Provident Financial Trading Down 0.2 %

Shares of NASDAQ PROV opened at $15.90 on Thursday. The business has a fifty day moving average price of $15.88 and a 200 day moving average price of $14.98. 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 stock has a market capitalization of $107.48 million, a P/E ratio of 17.47 and a beta of 0.39.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results 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 net margin of 10.39% and a return on equity of 4.80%. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities research analysts expect that Provident Financial will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Provident Financial stock. Fourthstone LLC acquired a new stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,050 shares of the financial services provider’s stock, valued at approximately $991,000. Fourthstone LLC owned 1.02% of Provident Financial as of its most recent filing with the Securities and Exchange Commission (SEC). 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.