Provident Financial (NASDAQ:PROV) released its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24, MarketWatch Earnings reports. The firm had revenue of $13.91 million for the quarter, compared to analysts’ expectations of $14.50 million. Provident Financial had a net margin of 6.63% and a return on equity of 5.36%.
Provident Financial stock traded down $0.18 during trading hours on Thursday, hitting $17.30. The company had a trading volume of 3,829 shares, compared to its average volume of 5,889. Provident Financial has a one year low of $16.70 and a one year high of $19.78. The stock has a market cap of $131.22 million, a P/E ratio of 24.71 and a beta of 0.19. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.91.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 3.24%. Provident Financial’s dividend payout ratio is currently 80.00%.
In other news, insider David Weiant sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $17.39, for a total transaction of $34,780.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.41% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Provident Financial stock. JPMorgan Chase & Co. boosted its position in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 77.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,836 shares of the financial services provider’s stock after acquiring an additional 3,860 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of Provident Financial worth $162,000 at the end of the most recent reporting period. Institutional investors own 56.41% of the company’s stock.
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Provident Financial Company Profile
Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. It operates through two segments, Provident Bank and Provident Bank Mortgage.
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