Provident Financial (NASDAQ:PROV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV) in a report released on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler raised 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.

Provident Financial Stock Up 3.0 %

Provident Financial stock opened at $15.73 on Tuesday. Provident Financial has a 12 month low of $12.01 and a 12 month high of $16.70. The stock has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $14.73. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.93. The firm has a market cap of $106.33 million, a price-to-earnings ratio of 14.43 and a beta of 0.38.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings data 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. The company had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. During the same period last year, the company earned $0.25 EPS. Equities analysts predict that Provident Financial will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Provident Financial stock. Empowered Funds LLC lifted its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,657 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC owned about 0.38% of Provident Financial worth $368,000 at the end of the most recent reporting period. 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.