Key Points
- SVP David Weiant sold 1,012 shares of Provident Financial on June 8 at an average price of $17.00, totaling about $17,204. After the sale, he still held 8,907 shares, a 10.2% reduction in his position.
- This follows another recent insider sale by Weiant, who sold 1,000 shares on June 4 at an average price of $17.10.
- Provident Financial stock was up 1.6% and opened at $17.06, while the company also recently paid a quarterly dividend of $0.14 per share, yielding about 3.3% annually.
Provident Financial Holdings, Inc. (NASDAQ:PROV - Get Free Report) SVP David Weiant sold 1,012 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $17.00, for a total value of $17,204.00. Following the sale, the senior vice president owned 8,907 shares of the company's stock, valued at approximately $151,419. This represents a 10.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
David Weiant also recently made the following trade(s):
- On Thursday, June 4th, David Weiant sold 1,000 shares of Provident Financial stock. The shares were sold at an average price of $17.10, for a total value of $17,100.00.
Provident Financial Trading Up 1.6%
NASDAQ PROV opened at $17.06 on Wednesday. The company has a market cap of $106.63 million, a price-to-earnings ratio of 18.54 and a beta of 0.33. Provident Financial Holdings, Inc. has a 52 week low of $14.95 and a 52 week high of $17.42. The business has a 50 day moving average price of $16.95 and a 200-day moving average price of $16.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.45.
Provident Financial (NASDAQ:PROV - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.08). Provident Financial had a return on equity of 4.77% and a net margin of 10.27%.The company had revenue of $14.57 million for the quarter, compared to the consensus estimate of $10.10 million.
Provident Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.56 annualized dividend and a yield of 3.3%. Provident Financial's dividend payout ratio is 60.87%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Provident Financial in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.00.
View Our Latest Stock Report on Provident Financial
Institutional Investors Weigh In On Provident Financial
Several institutional investors have recently bought and sold shares of PROV. Bridgeway Capital Management LLC grew its stake in Provident Financial by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 66,654 shares of the financial services provider's stock valued at $1,060,000 after purchasing an additional 1,834 shares during the period. Empowered Funds LLC grew its stake in Provident Financial by 6.2% in the 4th quarter. Empowered Funds LLC now owns 31,454 shares of the financial services provider's stock valued at $500,000 after purchasing an additional 1,834 shares during the period. Federated Hermes Inc. grew its stake in Provident Financial by 13.2% in the 4th quarter. Federated Hermes Inc. now owns 29,657 shares of the financial services provider's stock valued at $472,000 after purchasing an additional 3,459 shares during the period. Susquehanna International Group LLP bought a new position in Provident Financial in the 3rd quarter valued at $273,000. Finally, Fourthstone LLC grew its stake in Provident Financial by 52.6% in the 4th quarter. Fourthstone LLC now owns 352,151 shares of the financial services provider's stock valued at $5,603,000 after purchasing an additional 121,329 shares during the period. Institutional investors own 71.34% of the company's stock.
About Provident Financial
(
Get Free Report)
Provident Financial Services, Inc (NASDAQ: PROV) is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.
The company's principal business activities include retail banking, commercial lending, mortgage finance and wealth management.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
