StockNews.com Begins Tracking Provident Financial (NASDAQ:PROV)

On March 2, 2025, StockNews.com announced that it has started coverage on the shares of Provident Financial (NASDAQ:PROV). In its research report issued to clients and investors, the firm assigned a "hold" rating to the financial services provider's stock.

In related news, Piper Sandler adjusted its price target for Provident Financial shares, lowering it from $17.00 to $16.00, while maintaining a "neutral" rating on the stock in a report released on January 29th.

Provident Financial Stock Overview

As of last Friday, shares of NASDAQ:PROV opened at $15.30. The company's 50-day moving average stands at $15.68, while its 200-day moving average is at $15.25. Provident Financial has a debt-to-equity ratio of 1.91, a quick ratio of 1.25, and a current ratio of 1.25. The company's market capitalization is approximately $102.37 million, with a P/E ratio of 16.81 and a beta of 0.39. Over the past year, the stock has recorded a low of $12.01 and a high of $16.70.

On January 28th, Provident Financial reported its quarterly earnings. The company reported earnings per share (EPS) of $0.13, which was below analysts' expectations of $0.26 by $0.13. The return on equity for the company was reported at 4.81% with a net margin of 10.39%. In the same quarter last year, Provident Financial had an EPS of $0.31. Analysts predict that the company will achieve an EPS of 0.9 for the current fiscal year.

Institutional Investment Activity

Recent developments indicate that several institutional investors are modifying their stakes in Provident Financial. Empowered Funds LLC increased its holdings by 4.9% in the third quarter, owning 25,657 shares valued at $368,000 after acquiring an additional 1,206 shares. Dimensional Fund Advisors LP also increased its holdings by 0.3% in the fourth quarter, bringing its total to 486,296 shares valued at $7,737,000 after buying 1,342 additional shares.

Similarly, Black Maple Capital Management LP raised its stake by 8.9% during the fourth quarter, owning 31,128 shares worth $495,000 after acquiring an additional 2,557 shares. Northern Trust Corp saw a significant increase of 25.9% in its holdings, now owning 26,464 shares valued at $421,000 after purchasing an additional 5,445 shares. Finally, Fourthstone LLC raised its holdings by 30.5% in the fourth quarter, owning 90,080 shares valued at $1,433,000 following the purchase of an additional 21,030 shares. As a result, institutional investors own 71.34% of the company's stock.

About Provident Financial

Provident Financial Holdings, Inc. serves as the holding company for Provident Savings Bank, F.S.B., providing community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The range of deposit products includes checking, savings, and money market accounts, along with time deposits. The company's loan portfolio comprises single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.

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