Craig G. Blunden Sells 1,059 Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) Stock

Provident Financial Holdings, Inc. (NASDAQ:PROV) Chairman Craig G. Blunden sold 1,059 shares of Provident Financial stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $15.57, for a total value of $16,488.63. Following the transaction, the chairman now directly owns 243,642 shares in the company, valued at approximately $3,793,505.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Provident Financial Trading Down 0.7 %

Shares of PROV stock opened at $15.45 on Friday. The business’s 50 day moving average is $14.60 and its two-hundred day moving average is $13.42. Provident Financial Holdings, Inc. has a twelve month low of $10.16 and a twelve month high of $15.91. The company has a market capitalization of $104.60 million, a P/E ratio of 14.17 and a beta of 0.40. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.84.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Provident Financial had a return on equity of 5.77% and a net margin of 12.58%. The firm had revenue of $14.97 million for the quarter, compared to the consensus estimate of $9.74 million. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts forecast that Provident Financial Holdings, Inc. will post 1.05 EPS for the current year.

Provident Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.62%. Provident Financial’s dividend payout ratio (DPR) is presently 51.38%.

Institutional Trading of Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC lifted its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,831 shares of the financial services provider’s stock after buying an additional 1,575 shares during the quarter. Empowered Funds LLC owned 0.33% of Provident Financial worth $305,000 as of its most recent SEC filing. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com assumed coverage on Provident Financial in a research note on Wednesday. They issued a “hold” rating on the stock. Piper Sandler lifted their target price on Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday.

Provident Financial Company Profile

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.