Federated Hermes Inc. trimmed its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV – Free Report) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,821 shares of the financial services provider’s stock after selling 926 shares during the quarter. Federated Hermes Inc. owned about 0.38% of Provident Financial worth $323,000 as of its most recent SEC filing.
Separately, Empowered Funds LLC lifted its position in Provident Financial by 7.4% during the first quarter. Empowered Funds LLC now owns 22,831 shares of the financial services provider’s stock worth $305,000 after buying an additional 1,575 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Provident Financial Trading Down 0.1 %
PROV opened at $14.38 on Wednesday. The stock has a market capitalization of $98.91 million, a PE ratio of 13.83 and a beta of 0.40. Provident Financial Holdings, Inc. has a one year low of $10.16 and a one year high of $15.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50 day moving average price is $13.67 and its 200 day moving average price is $13.19.
Provident Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 15th. Provident Financial’s dividend payout ratio is presently 53.85%.
Analysts Set New Price Targets
Several brokerages have issued reports on PROV. StockNews.com started coverage on Provident Financial in a report on Sunday, September 15th. They issued a “hold” rating for the company. Piper Sandler raised their price objective on shares of Provident Financial from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.
Get Our Latest Analysis on Provident Financial
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.
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