Provident Financial (NASDAQ:PROV) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Posted by Editorial Team on Jan 30th, 2025

Provident Financial (NASDAQ:PROV – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13), RTT News reports. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same period in the prior year, the company earned $0.31 earnings per share.

Provident Financial Trading Up 0.2 %

Shares of Provident Financial stock opened at $16.21 on Thursday. The stock has a market capitalization of $109.61 million, a P/E ratio of 14.88 and a beta of 0.38. Provident Financial has a 12-month low of $12.01 and a 12-month high of $16.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. The company has a 50-day simple moving average of $15.88 and a 200 day simple moving average of $14.85.

Provident Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.45%. Provident Financial’s dividend payout ratio is currently 51.38%.

Analyst Ratings Changes

Several research firms recently issued reports on PROV. Piper Sandler decreased their price objective on shares of Provident Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com assumed coverage on Provident Financial in a research report on Wednesday. They issued a “hold” rating on the stock.

View Our Latest Stock Report on Provident Financial

About Provident Financial

(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.