Wall Street analysts forecast that Provident Financial Holdings, Inc. (NASDAQ:PROV) will post sales of $9.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Provident Financial’s earnings, with the lowest sales estimate coming in at $8.90 million and the highest estimate coming in at $9.10 million. Provident Financial posted sales of $8.61 million during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The business is expected to announce its next earnings report on Wednesday, January 26th.
According to Zacks, analysts expect that Provident Financial will report full year sales of $0.00 for the current financial year. For the next financial year, analysts anticipate that the business will report sales of $0.00. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Provident Financial.
Provident Financial (NASDAQ:PROV) last posted its quarterly earnings results on Tuesday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.14. The business had revenue of $8.96 million during the quarter, compared to the consensus estimate of $8.85 million. Provident Financial had a net margin of 22.47% and a return on equity of 6.91%. During the same period in the previous year, the firm posted $0.20 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Provident Financial by 11.6% during the first quarter. Barclays PLC now owns 10,569 shares of the financial services provider’s stock valued at $179,000 after buying an additional 1,095 shares during the period. Parametric Portfolio Associates LLC purchased a new position in shares of Provident Financial during the second quarter valued at about $215,000. Beacon Pointe Advisors LLC purchased a new position in shares of Provident Financial during the second quarter valued at about $239,000. Royal Bank of Canada increased its position in shares of Provident Financial by 8.6% during the second quarter. Royal Bank of Canada now owns 16,268 shares of the financial services provider’s stock valued at $281,000 after buying an additional 1,292 shares during the period. Finally, Ergoteles LLC purchased a new position in shares of Provident Financial during the second quarter valued at about $349,000. Hedge funds and other institutional investors own 60.76% of the company’s stock.
Provident Financial stock traded up $0.04 during mid-day trading on Thursday, hitting $16.84. The company’s stock had a trading volume of 1,034 shares, compared to its average volume of 18,259. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market cap of $125.51 million, a price-to-earnings ratio of 14.52 and a beta of 0.60. The business has a 50 day moving average price of $16.86 and a 200-day moving average price of $17.03. Provident Financial has a 12 month low of $14.10 and a 12 month high of $18.48.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, November 17th. Provident Financial’s payout ratio is 48.28%.
Provident Financial Company Profile
Provident Financial Holdings, Inc engages in the provision of financial services. Its services include checking, savings, investment services, mobile banking, online banking, merchant services, cyber security tips, and loan programs and application. The company was founded in January 1996 and is headquartered in Riverside, CA.
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