Provident Financial (NASDAQ:PROV) Coverage Initiated at assumed coverage on shares of Provident Financial (NASDAQ:PROVGet Rating) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler decreased their price objective on shares of Provident Financial to $15.50 in a report on Monday, July 4th.

Provident Financial Stock Performance

Provident Financial stock opened at $14.70 on Monday. Provident Financial has a 52 week low of $13.76 and a 52 week high of $17.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. The stock has a market cap of $107.09 million, a P/E ratio of 11.14 and a beta of 0.55. The stock has a 50 day moving average of $14.58 and a 200-day moving average of $15.61.

Institutional Investors Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. The Manufacturers Life Insurance Company raised its holdings in shares of Provident Financial Holdings, Inc. (NASDAQ:PROVGet Rating) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,267 shares of the financial services provider’s stock after purchasing an additional 8,604 shares during the period. The Manufacturers Life Insurance Company owned about 4.83% of Provident Financial worth $5,826,000 as of its most recent SEC filing. 60.15% of the stock is currently owned by institutional investors and hedge funds.

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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