Key Points
- SVP Gwendolyn Wertz sold 4,800 shares of Provident Financial on Nov. 12 at an average price of $15.64 for a total of $75,072, reducing her stake to 20,537 shares (an 18.94% decline) valued at about $321,199.
- Provident Financial shares trade around $15.45 with a market cap near $100.0M, a P/E of 17.17, and a 1‑year range of $12.98–$16.70; the 50‑ and 200‑day moving averages are about $15.65 and $15.47, respectively.
- The company pays a quarterly dividend of $0.14 (3.6% yield, ex‑dividend Nov. 13) and recently reported Q3 EPS of $0.25 (missed estimates), while analysts have an average "Reduce" rating and a $16.00 target.
Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) SVP Gwendolyn Wertz sold 4,800 shares of the company's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $15.64, for a total transaction of $75,072.00. Following the transaction, the senior vice president owned 20,537 shares of the company's stock, valued at $321,198.68. This represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Provident Financial Price Performance
Shares of NASDAQ PROV traded down $0.14 during mid-day trading on Friday, reaching $15.45. The company's stock had a trading volume of 487 shares, compared to its average volume of 6,272. The stock has a market capitalization of $100.02 million, a P/E ratio of 17.17 and a beta of 0.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.22 and a current ratio of 1.22. Provident Financial Holdings, Inc. has a 1-year low of $12.98 and a 1-year high of $16.70. The stock has a 50-day moving average of $15.65 and a two-hundred day moving average of $15.47.
Provident Financial (NASDAQ:PROV - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). The firm had revenue of $14.15 million for the quarter, compared to analyst estimates of $10.20 million. Provident Financial had a return on equity of 4.69% and a net margin of 10.04%. On average, equities research analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 EPS for the current fiscal year.
Provident Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, November 13th. Provident Financial's payout ratio is currently 62.22%.
Analyst Upgrades and Downgrades
PROV has been the topic of several research reports. Piper Sandler dropped their price objective on Provident Financial from $16.50 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Provident Financial in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Provident Financial from a "hold" rating to a "strong sell" rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $16.00.
View Our Latest Stock Report on PROV
Hedge Funds Weigh In On Provident Financial
Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC grew its position in Provident Financial by 7.9% during the first quarter. Empowered Funds LLC now owns 29,084 shares of the financial services provider's stock valued at $424,000 after acquiring an additional 2,120 shares during the period. Fourthstone LLC lifted its stake in shares of Provident Financial by 31.4% in the 2nd quarter. Fourthstone LLC now owns 115,210 shares of the financial services provider's stock valued at $1,786,000 after purchasing an additional 27,556 shares in the last quarter. Finally, M3F Inc. raised its holdings in Provident Financial by 0.5% in the first quarter. M3F Inc. now owns 438,215 shares of the financial services provider's stock valued at $6,394,000 after buying an additional 2,215 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.
About Provident Financial
(
Get Free Report)
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.
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