Provident Financial (NASDAQ:PROV) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler boosted their price target on Provident Financial from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Provident Financial Trading Down 0.3 %

NASDAQ:PROV opened at $15.47 on Wednesday. The company has a market cap of $104.73 million, a PE ratio of 14.59 and a beta of 0.40. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.84. The company has a 50 day simple moving average of $14.46 and a two-hundred day simple moving average of $13.37. Provident Financial has a 12 month low of $10.16 and a 12 month high of $15.70.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $15.38 million for the quarter, compared to the consensus estimate of $9.57 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same period last year, the business posted $0.26 EPS. Research analysts forecast that Provident Financial will post 1 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 boosted its stake in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,831 shares of the financial services provider’s stock after purchasing an additional 1,575 shares during the period. Empowered Funds LLC owned about 0.33% of Provident Financial worth $305,000 at the end of the most recent quarter. Institutional investors own 71.34% of the company’s stock.

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.