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

StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Provident Financial Trading Down 0.5 %

NASDAQ PROV opened at $12.99 on Wednesday. The firm has a market cap of $90.02 million, a P/E ratio of 11.30 and a beta of 0.40. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $13.83 and its 200-day moving average is $13.00. Provident Financial has a one year low of $10.16 and a one year high of $15.40.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $9.65 million for the quarter, compared to analyst estimates of $10.00 million. Provident Financial had a return on equity of 6.20% and a net margin of 14.43%. Sell-side analysts anticipate that Provident Financial will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Federated Hermes Inc. increased its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. 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 0.37% of Provident Financial worth $338,000 as of its most recent SEC filing. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.