Barclays PLC Acquires 8,911 Shares of Provident Bancorp Inc (NASDAQ:PVBC)

Barclays PLC increased its holdings in Provident Bancorp Inc (NASDAQ:PVBC) by 51.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,192 shares of the bank’s stock after buying an additional 8,911 shares during the quarter. Barclays PLC owned about 0.15% of Provident Bancorp worth $283,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in shares of Provident Bancorp by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 92,380 shares of the bank’s stock valued at $941,000 after purchasing an additional 2,600 shares during the period. Squarepoint Ops LLC grew its stake in shares of Provident Bancorp by 14.7% during the 2nd quarter. Squarepoint Ops LLC now owns 21,278 shares of the bank’s stock valued at $217,000 after purchasing an additional 2,728 shares during the period. MetLife Investment Management LLC grew its stake in shares of Provident Bancorp by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 9,188 shares of the bank’s stock valued at $99,000 after purchasing an additional 5,177 shares during the period. State Street Corp grew its stake in shares of Provident Bancorp by 3.9% during the 3rd quarter. State Street Corp now owns 180,816 shares of the bank’s stock valued at $1,951,000 after purchasing an additional 6,864 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Provident Bancorp by 43.3% during the 2nd quarter. Marshall Wace LLP now owns 27,491 shares of the bank’s stock valued at $280,000 after purchasing an additional 8,307 shares during the period. 74.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens boosted their price objective on Provident Bancorp from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th.

Provident Bancorp Trading Down 0.3 %

Shares of NASDAQ:PVBC opened at $11.12 on Monday. The stock has a 50 day moving average of $11.30 and a 200 day moving average of $10.83. The company has a market cap of $197.16 million, a PE ratio of 34.75 and a beta of 0.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04. Provident Bancorp Inc has a 12-month low of $7.36 and a 12-month high of $12.32.

Provident Bancorp Profile

Provident Bancorp, Inc is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc, a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc is an innovative, commercial bank that finds solutions for its business and private clients.