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

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 16th will be given 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 0.2 %

PROV traded down $0.03 on Friday, hitting $12.90. 11,388 shares of the company were exchanged, compared to its average volume of 3,315. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.87. The company has a market cap of $89.40 million, a price-to-earnings ratio of 11.22 and a beta of 0.40. The firm has a 50-day moving average price of $13.77 and a two-hundred day moving average price of $13.00. Provident Financial has a twelve month low of $10.16 and a twelve month high of $15.40.

Provident Financial (NASDAQ:PROV) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Provident Financial had a net margin of 14.43% and a return on equity of 6.20%. The company had revenue of $9.65 million for the quarter, compared to the consensus estimate of $10.00 million. On average, equities analysts predict that Provident Financial will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Provident Financial in a research report on Wednesday. They set a “hold” rating for the company.

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.