Empowered Funds LLC Has $368,000 Stock Position in Provident Financial Holdings, Inc. (NASDAQ:PROV)

Empowered Funds LLC grew its holdings in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,657 shares of the financial services provider’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC owned about 0.38% of Provident Financial worth $368,000 at the end of the most recent quarter.

Provident Financial Stock Up 1.1 %

NASDAQ:PROV opened at $15.90 on Tuesday. Provident Financial Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $16.24. The firm has a market capitalization of $107.53 million, a price-to-earnings ratio of 14.59 and a beta of 0.39. 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 stock’s 50 day moving average price is $15.09 and its two-hundred day moving average price is $13.75.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $14.97 million for the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts expect that Provident Financial Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Provident Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.52%. Provident Financial’s payout ratio is 51.38%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler increased their target price on shares of Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com assumed coverage on shares of Provident Financial in a research note on Thursday, November 7th. They set a “hold” rating for the company.

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.