Empowered Funds LLC Has $368,000 Stock Holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV)

Empowered Funds LLC raised its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,657 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC’s holdings in Provident Financial were worth $368,000 at the end of the most recent quarter.

Provident Financial Stock Performance

Shares of NASDAQ PROV opened at $15.90 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $107.53 million, a price-to-earnings ratio of 14.59 and a beta of 0.39. The stock’s fifty day moving average price is $15.09 and its two-hundred day moving average price is $13.75. Provident Financial Holdings, Inc. has a one year low of $11.10 and a one year high of $16.24.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. The company had revenue of $14.97 million during the quarter, compared to analysts’ expectations of $9.74 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts forecast 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. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 3.52%. Provident Financial’s dividend payout ratio is presently 51.38%.

Analyst Upgrades and Downgrades

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

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.