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

StockNews.com initiated coverage on shares of Provident Financial (NASDAQ:PROVFree Report) in a report issued on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler dropped their price objective on shares of Provident Financial from $15.00 to $14.00 and set a neutral rating on the stock in a report on Wednesday, May 1st.

View Our Latest Stock Report on PROV

Provident Financial Stock Performance

NASDAQ:PROV opened at $12.54 on Friday. The company has a market capitalization of $86.28 million, a P/E ratio of 12.06 and a beta of 0.40. The business has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $13.04. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.21 and a quick ratio of 1.21. Provident Financial has a 1 year low of $10.16 and a 1 year high of $15.40.

Provident Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Provident Financial’s dividend payout ratio (DPR) is presently 53.85%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Provident Financial stock. Federated Hermes Inc. lifted its position in Provident Financial Holdings, Inc. (NASDAQ:PROVFree Report) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,798 shares of the financial services provider’s stock after buying an additional 1,173 shares during the quarter. Federated Hermes Inc. owned approximately 0.37% of Provident Financial worth $338,000 at the end of the most recent quarter. Institutional investors own 71.34% of the company’s stock.

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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