Provident Financial (NASDAQ:PROV) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Provident Financial Holdings, Inc. (NASDAQ:PROV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.60 and traded as high as $15.90. Provident Financial shares last traded at $15.90, with a volume of 801 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on PROV. StockNews.com began coverage on shares of Provident Financial in a research note on Thursday, November 7th. They issued a “hold” rating for the company. Piper Sandler upped their price target on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Provident Financial Price Performance

The company’s fifty day moving average is $14.92 and its 200 day moving average is $13.60. The firm has a market cap of $107.48 million, a price-to-earnings ratio of 14.59 and a beta of 0.39. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.93.

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

Provident Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, November 14th. Provident Financial’s payout ratio is 51.38%.

Institutional Trading of Provident Financial

An institutional investor recently bought a new position in Provident Financial stock. Fourthstone LLC purchased a new stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 69,050 shares of the financial services provider’s stock, valued at approximately $991,000. Fourthstone LLC owned about 1.02% of Provident Financial at the end of the most recent reporting period. 71.34% of the stock is 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.