Provident Financial (NASDAQ:PROV – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Friday, January 27th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
Provident Financial (NASDAQ:PROV – Get Rating) last released its earnings results on Tuesday, October 25th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Provident Financial had a net margin of 21.01% and a return on equity of 6.64%. The company had revenue of $9.97 million for the quarter, compared to analyst estimates of $9.85 million.
Provident Financial Stock Up 0.4 %
Provident Financial stock opened at $14.26 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.89. Provident Financial has a 12-month low of $13.29 and a 12-month high of $17.03. The firm’s fifty day moving average is $14.21 and its 200 day moving average is $14.33. The company has a market capitalization of $102.71 million, a PE ratio of 12.29 and a beta of 0.47.
Provident Financial Dividend Announcement
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Provident Financial in a research report on Tuesday. They set a “hold” rating on the stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Provident Financial by 8.4% during the 3rd quarter. Royal Bank of Canada now owns 15,500 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 1,200 shares in the last quarter. Federated Hermes Inc. increased its stake in Provident Financial by 7.9% during the 1st quarter. Federated Hermes Inc. now owns 30,459 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 2,234 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Provident Financial by 2.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider’s stock valued at $5,826,000 after purchasing an additional 8,604 shares in the last quarter. Finally, Prelude Capital Management LLC bought a new stake in Provident Financial during the 3rd quarter valued at $251,000. Institutional investors and hedge funds own 51.18% of the company’s stock.
About Provident Financial
Provident Financial Holdings, Inc engages in the provision of financial services. Its services include checking, savings, investment services, mobile banking, online banking, merchant services, cyber security tips, and loan programs and application. The company was founded in January 1996 and is headquartered in Riverside, CA.
- Get a free copy of the StockNews.com research report on Provident Financial (PROV)
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