Provident Financial (NASDAQ:PROV) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROV – Get Rating) in a report issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Provident Financial Stock Down 0.3 %

PROV opened at $14.08 on Friday. Provident Financial has a fifty-two week low of $13.29 and a fifty-two week high of $16.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $14.25. The company has a market capitalization of $99.97 million, a P/E ratio of 11.83 and a beta of 0.48.

Institutional Investors Weigh In On Provident Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. M3F Inc. boosted its stake in shares of Provident Financial by 2.3% in the 3rd quarter. M3F Inc. now owns 705,102 shares of the financial services provider’s stock valued at $10,012,000 after purchasing an additional 15,646 shares in the last quarter. Raffles Associates LP raised its holdings in shares of Provident Financial by 4.1% in the third quarter. Raffles Associates LP now owns 381,349 shares of the financial services provider’s stock valued at $5,415,000 after buying an additional 15,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Provident Financial by 2.5% in the first quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider’s stock valued at $5,826,000 after buying an additional 8,604 shares during the last quarter. Talbot Financial LLC bought a new position in shares of Provident Financial in the fourth quarter valued at about $852,000. Finally, Federated Hermes Inc. raised its holdings in shares of Provident Financial by 7.4% in the second quarter. Federated Hermes Inc. now owns 32,708 shares of the financial services provider’s stock valued at $485,000 after buying an additional 2,249 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

Provident Financial Company Profile

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Provident Financial Holdings, Inc engages in the provision of financial services. Its services include checking, savings, investment services, mobile banking, online banking, merchant services, cyber security tips, and loan programs and application. The company was founded in January 1996 and is headquartered in Riverside, CA.