Provident Financial (NASDAQ:PROV) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Provident Financial (NASDAQ:PROV – Get Rating) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), MarketWatch Earnings reports. Provident Financial had a net margin of 25.27% and a return on equity of 7.72%. During the same quarter last year, the firm earned $0.21 EPS.

Shares of Provident Financial stock opened at $15.67 on Thursday. The company has a fifty day moving average price of $16.24 and a 200 day moving average price of $16.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. Provident Financial has a twelve month low of $14.50 and a twelve month high of $18.48. The stock has a market cap of $115.49 million, a price-to-earnings ratio of 12.05 and a beta of 0.56.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Provident Financial by 16.5% in the 3rd quarter. Geode Capital Management LLC now owns 38,253 shares of the financial services provider’s stock valued at $653,000 after buying an additional 5,408 shares during the last quarter. BlackRock Inc. boosted its position in Provident Financial by 0.6% in the 4th quarter. BlackRock Inc. now owns 298,134 shares of the financial services provider’s stock valued at $4,928,000 after buying an additional 1,893 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Provident Financial by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 343,663 shares of the financial services provider’s stock valued at $5,688,000 after purchasing an additional 9,409 shares in the last quarter. 55.79% of the stock is owned by institutional investors.

Separately, StockNews.com began coverage on shares of Provident Financial in a research report on Wednesday. They set a “hold” rating for the company.

Provident Financial Company Profile (Get Rating)

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. Its 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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