Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on February 13th

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, March 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, February 13th.

Provident Financial has a payout ratio of 41.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Provident Financial to earn $1.35 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 41.5%.

Provident Financial Stock Up 0.4 %

Shares of NASDAQ:PROV opened at $15.80 on Friday. Provident Financial has a 1-year low of $12.01 and a 1-year high of $16.70. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $106.81 million, a P/E ratio of 14.50 and a beta of 0.38. The firm has a fifty day moving average price of $15.87 and a 200 day moving average price of $14.77.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Sell-side analysts predict that Provident Financial will post 1.05 EPS for the current year.

Analyst Ratings Changes

PROV has been the subject of several analyst reports. StockNews.com initiated coverage on Provident Financial in a research note on Tuesday, January 21st. They set a “hold” rating for the company. Piper Sandler upped their price objective on shares of Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

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.