Provident Financial Holdings, Inc. (NASDAQ:PROV – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, June 6th. This represents a $0.56 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 15th.
Provident Financial has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Provident Financial to earn $1.30 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 43.1%.
Provident Financial Stock Performance
Shares of PROV traded down $0.03 during trading hours on Friday, reaching $12.90. 11,388 shares of the company’s stock traded hands, compared to its average volume of 3,315. The firm has a market capitalization of $89.40 million, a price-to-earnings ratio of 11.22 and a beta of 0.40. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.21 and a quick ratio of 1.21. Provident Financial has a twelve month low of $10.16 and a twelve month high of $15.40. The business’s fifty day simple moving average is $13.77 and its two-hundred day simple moving average is $13.00.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Provident Financial in a report on Wednesday. They set a “hold” rating on the stock.
Get Our Latest Analysis on Provident Financial
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.
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