Provident Financial Holdings, Inc. Plans Quarterly Dividend of $0.14 (NASDAQ:PROV)

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders 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. Research 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 Trading Up 0.1 %

NASDAQ:PROV opened at $15.91 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $107.55 million, a PE ratio of 17.48 and a beta of 0.39. Provident Financial has a one year low of $12.01 and a one year high of $16.70. The firm has a 50-day moving average of $15.87 and a 200-day moving average of $15.02.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $0.31 earnings per share. As a group, equities research analysts expect that Provident Financial will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PROV. StockNews.com initiated coverage on shares of Provident Financial in a research report on Thursday, February 6th. They set a “hold” rating for the company. Piper Sandler dropped their price objective 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.