Analysts at StockNews.com initiated coverage on shares of Provident Financial (NASDAQ:PROV – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Piper Sandler decreased their target price on Provident Financial from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st.
View Our Latest Analysis on Provident Financial
Provident Financial Trading Up 0.2 %
Provident Financial (NASDAQ:PROV – Get Free Report) last announced its earnings results on Monday, April 29th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $9.41 million for the quarter, compared to the consensus estimate of $9.72 million. Provident Financial had a return on equity of 5.56% and a net margin of 12.57%. On average, research analysts forecast that Provident Financial will post 0.99 EPS for the current fiscal year.
Institutional Investors Weigh In On Provident Financial
An institutional investor recently raised its position in Provident Financial stock. Federated Hermes Inc. grew its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,798 shares of the financial services provider’s stock after acquiring an additional 1,173 shares during the quarter. Federated Hermes Inc. owned 0.37% of Provident Financial worth $338,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 71.34% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Provident Financial
- Want to Profit on the Downtrend? Downtrends, Explained.
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Why Are Stock Sectors Important to Successful Investing?
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for Provident Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial and related companies with MarketBeat.com's FREE daily email newsletter.