Provident Financial Holdings, Inc. Announces Quarterly Dividend of $0.14 (NASDAQ:PROV)

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Investors of record on Thursday, November 14th will be given a dividend of 0.14 per share by the financial services provider on Thursday, December 5th. This represents a $0.56 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 14th.

Provident Financial has a dividend payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Provident Financial to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 41.5%.

Provident Financial Price Performance

PROV stock opened at $15.71 on Tuesday. The stock has a market capitalization of $106.25 million, a price-to-earnings ratio of 14.41 and a beta of 0.39. The firm’s 50-day moving average price is $14.78 and its two-hundred day moving average price is $13.53. 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 has a 12-month low of $10.76 and a 12-month high of $16.00.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $14.97 million during the quarter, compared to analyst estimates of $9.74 million. Provident Financial had a return on equity of 5.77% and a net margin of 12.58%. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, equities analysts predict that Provident Financial will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

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

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.