Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on May 15th

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, June 6th. This represents a $0.56 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 15th.

Provident Financial has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Provident Financial to earn $1.30 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 43.1%.

Provident Financial Trading Down 0.2 %

PROV stock traded down $0.03 during mid-day trading on Friday, hitting $12.90. 11,388 shares of the company were exchanged, compared to its average volume of 3,315. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $89.40 million, a P/E ratio of 11.22 and a beta of 0.40. The business has a fifty day simple moving average of $13.77 and a 200-day simple moving average of $13.00. Provident Financial has a 12-month low of $10.16 and a 12-month high of $15.40.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, January 29th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Provident Financial had a net margin of 14.43% and a return on equity of 6.20%. The company had revenue of $9.65 million during the quarter, compared to analyst estimates of $10.00 million. On average, equities research analysts predict that Provident Financial will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Provident Financial in a research note on Wednesday. They issued a “hold” rating for the company.

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.