Provident Financial (PROV) Expected to Announce Earnings on Monday

Provident Financial (NASDAQ:PROV) will likely be releasing its earnings data before the market opens on Monday, February 3rd. Analysts expect Provident Financial to post earnings of $0.26 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. The firm had revenue of $14.97 million for the quarter, compared to analysts’ expectations of $9.74 million. During the same period in the prior year, the firm earned $0.25 EPS. On average, analysts expect Provident Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Provident Financial Stock Performance

Shares of PROV opened at $15.80 on Monday. The firm has a market capitalization of $106.81 million, a P/E ratio of 14.50 and a beta of 0.38. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. Provident Financial has a one year low of $12.01 and a one year high of $16.70. The business has a fifty day moving average of $15.87 and a 200 day moving average of $14.79.

Provident Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, February 13th. Provident Financial’s payout ratio is currently 51.38%.

Analyst Ratings Changes

PROV has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com assumed coverage on shares of Provident Financial in a research report on Tuesday, January 21st. 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.