Provident Financial (NASDAQ:PROV) Now Covered by StockNews.com

StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler dropped their target price on Provident Financial from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st.

Provident Financial Stock Down 0.3 %

Shares of NASDAQ:PROV opened at $12.50 on Thursday. Provident Financial has a 52 week low of $10.16 and a 52 week high of $15.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $86 million, a PE ratio of 12.02 and a beta of 0.41. The firm has a 50 day simple moving average of $12.64 and a 200 day simple moving average of $13.28.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, April 29th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $9.41 million during the quarter, compared to analyst estimates of $9.72 million. Provident Financial had a return on equity of 5.56% and a net margin of 12.57%. As a group, research analysts expect that Provident Financial will post 0.99 earnings per share for the current year.

Institutional Investors Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC raised its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,831 shares of the financial services provider’s stock after acquiring an additional 1,575 shares during the quarter. Empowered Funds LLC owned about 0.33% of Provident Financial worth $305,000 at the end of the most recent quarter. 71.34% of the stock is currently owned by institutional investors.

Provident Financial Company Profile

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.