Provident Financial (NASDAQ:PROV) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Provident Financial (NASDAQ:PROV) in a report released on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler raised their target price on Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Provident Financial Price Performance

PROV opened at $16.00 on Friday. The company has a 50 day moving average of $15.97 and a two-hundred day moving average of $14.46. Provident Financial has a 52-week low of $12.01 and a 52-week high of $16.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. The company has a market cap of $108.21 million, a P/E ratio of 14.68 and a beta of 0.38.

Provident Financial (NASDAQ:PROV) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. During the same period in the prior year, the firm earned $0.25 EPS. On average, analysts expect that Provident Financial will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Provident Financial

A hedge fund recently bought a new stake in Provident Financial stock. Fourthstone LLC purchased a new position in Provident Financial Holdings, Inc. (NASDAQ:PROV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 69,050 shares of the financial services provider’s stock, valued at approximately $991,000. Fourthstone LLC owned approximately 1.02% of Provident Financial as of its most recent filing with the Securities & Exchange Commission. 71.34% of the stock is owned by hedge funds and other institutional investors.

About Provident Financial

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.