Provident Financial (PROV) Set to Announce Quarterly Earnings on Friday

Provident Financial (NASDAQ:PROVGet 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:PROVGet 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

The business also recently announced a quarterly dividend, which was paid on Thursday, December 8th. Investors of record on Thursday, November 17th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.93%. Provident Financial’s payout ratio is presently 48.28%.

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

(Get Rating)

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.

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Earnings History for Provident Financial (NASDAQ:PROV)

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