StockNews.com assumed coverage on shares of Provident Financial (NASDAQ:PROV – Free Report) in a research note released on Thursday. The firm issued a hold rating on the financial services provider’s stock.
Separately, Piper Sandler cut their price objective on shares of Provident Financial from $15.00 to $14.00 and set a neutral rating for the company in a report on Wednesday, May 1st.
Read Our Latest Research Report on PROV
Provident Financial Price Performance
Provident Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.56 annualized dividend and a yield of 4.36%. Provident Financial’s dividend payout ratio is currently 53.85%.
Institutional Investors Weigh In On Provident Financial
A hedge fund recently raised its stake in Provident Financial stock. Federated Hermes Inc. increased its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,798 shares of the financial services provider’s stock after acquiring an additional 1,173 shares during the period. Federated Hermes Inc. owned approximately 0.37% of Provident Financial worth $338,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 71.34% of the company’s stock.
About Provident Financial
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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