Recent Research Analysts’ Ratings Updates for Provident Financial (PROV)

Provident Financial (NASDAQ: PROV) has recently received a number of price target changes and ratings updates:

• 2/14/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/6/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/29/2025 – Provident Financial had its price target lowered by analysts at Piper Sandler from $17.00 to $16.00. They now have a “neutral” rating on the stock.
• 1/29/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/21/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/13/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/5/2025 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/28/2024 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/20/2024 – Provident Financial is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Provident Financial Stock Down 0.6 %

Shares of NASDAQ PROV opened at $15.69 on Tuesday. The stock has a market capitalization of $106.06 million, a P/E ratio of 17.24 and a beta of 0.39. The company has a 50-day moving average price of $15.83 and a 200-day moving average price of $15.12. Provident Financial Holdings, Inc. has a 1 year low of $12.01 and a 1 year high of $16.70. 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 (NASDAQ:PROV) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.13). Provident Financial had a return on equity of 4.80% and a net margin of 10.39%. During the same quarter in the prior year, the business posted $0.31 earnings per share. On average, equities research analysts forecast that Provident Financial Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Provident Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.14 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.57%. Provident Financial’s payout ratio is 61.54%.

Institutional Investors Weigh In On Provident Financial

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its position in Provident Financial by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 25,657 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 1,206 shares during the period. Fourthstone LLC purchased a new position in Provident Financial during the 3rd quarter valued at $991,000. Northern Trust Corp increased its position in Provident Financial by 25.9% during the 4th quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 5,445 shares during the period. Dimensional Fund Advisors LP increased its position in Provident Financial by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 486,296 shares of the financial services provider’s stock valued at $7,737,000 after purchasing an additional 1,342 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Provident Financial by 7.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider’s stock valued at $5,326,000 after purchasing an additional 23,117 shares during the period. 71.34% of the stock is currently owned by institutional investors.

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.