StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROV – Free Report) in a research note released on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.
Separately, Piper Sandler lowered their price target on Provident Financial from $15.00 to $14.00 and set a neutral rating on the stock in a research report on Wednesday.
Check Out Our Latest Research Report on Provident Financial
Provident Financial Stock Performance
Provident Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.56 annualized dividend and a dividend yield of 4.36%. Provident Financial’s dividend payout ratio is currently 53.85%.
Hedge Funds Weigh In On Provident Financial
An institutional investor recently raised its position in Provident Financial stock. Federated Hermes Inc. increased its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,798 shares of the financial services provider’s stock after purchasing an additional 1,173 shares during the period. Federated Hermes Inc. owned approximately 0.37% of Provident Financial worth $338,000 as of its most recent filing with the SEC. Hedge funds and other 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.
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