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

Research analysts at StockNews.com began coverage on shares of Provident Financial (NASDAQ:PROVGet Free Report) in a report released on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Provident Financial Price Performance

NASDAQ:PROV opened at $13.38 on Friday. Provident Financial has a one year low of $10.16 and a one year high of $15.40. The company has a market cap of $92.72 million, a P/E ratio of 11.63 and a beta of 0.41. The firm’s fifty day moving average price is $14.20 and its two-hundred day moving average price is $12.92. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.21 and a quick ratio of 1.21.

Provident Financial (NASDAQ:PROVGet Free Report) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. Provident Financial had a net margin of 14.43% and a return on equity of 6.20%. The firm had revenue of $9.65 million for the quarter, compared to the consensus estimate of $10.00 million. Equities analysts expect that Provident Financial will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Provident Financial

Several institutional investors and hedge funds have recently modified their holdings of PROV. Bank of America Corp DE grew its stake in shares of Provident Financial by 49,616.7% in the first quarter. Bank of America Corp DE now owns 5,966 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 5,954 shares in the last quarter. Black Maple Capital Management LP acquired a new position in shares of Provident Financial in the second quarter valued at about $154,000. Royal Bank of Canada grew its stake in shares of Provident Financial by 8.4% in the third quarter. Royal Bank of Canada now owns 15,500 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 1,200 shares in the last quarter. Northern Trust Corp grew its stake in shares of Provident Financial by 10.0% in the second quarter. Northern Trust Corp now owns 18,063 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 1,647 shares in the last quarter. Finally, Prelude Capital Management LLC bought a new stake in Provident Financial during the third quarter worth about $251,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Provident Financial Company Profile

(Get Free Report)

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.

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