Provident Financial Holdings, Inc. (NASDAQ:PROV) Announces Quarterly Dividend of $0.14

Provident Financial Holdings, Inc. (NASDAQ:PROVGet Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Investors of record on Thursday, May 19th will be given a dividend of 0.14 per share by the financial services provider on Thursday, June 9th. This represents a $0.56 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, May 18th.

Provident Financial has a payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings.

Provident Financial stock opened at $15.19 on Friday. The stock has a market cap of $111.95 million, a PE ratio of 11.51 and a beta of 0.56. The stock has a 50-day moving average price of $16.18 and a 200 day moving average price of $16.58. Provident Financial has a 52 week low of $15.10 and a 52 week high of $18.48. 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 (NASDAQ:PROVGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Provident Financial had a net margin of 25.79% and a return on equity of 7.80%. During the same period in the previous year, the firm posted $0.21 earnings per share.

Separately, StockNews.com initiated coverage on shares of Provident Financial in a research note on Wednesday. They set a “hold” rating on the stock.

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

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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Dividend History for Provident Financial (NASDAQ:PROV)

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