Provident Financial (PROV) Scheduled to Post Quarterly Earnings on Monday

Provident Financial (NASDAQ:PROV) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 28th. Analysts expect Provident Financial to post earnings of $0.25 per share for the quarter.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $15.38 million for the quarter, compared to analyst estimates of $9.57 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same period in the previous year, the company posted $0.26 earnings per share. 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 stock traded down $0.70 on Tuesday, hitting $14.64. 4,255 shares of the stock were exchanged, compared to its average volume of 6,959. The firm’s 50 day moving average is $14.17 and its two-hundred day moving average is $13.29. Provident Financial has a one year low of $10.16 and a one year high of $15.47. The firm has a market capitalization of $100.69 million, a PE ratio of 14.08 and a beta of 0.40. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.84.

Provident Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.56 dividend on an annualized basis and a yield of 3.83%. Provident Financial’s dividend payout ratio is presently 53.85%.

Analyst Ratings Changes

Several research firms have recently issued reports on PROV. StockNews.com initiated coverage on shares of Provident Financial in a research report on Sunday, September 15th. They issued a “hold” rating on the stock. Piper Sandler boosted their target price on shares of Provident Financial from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st.

Provident Financial Company Profile

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.