Provident Financial (NASDAQ:PROV) Share Price Passes Above 200 Day Moving Average of $12.99

Provident Financial Holdings, Inc. (NASDAQ:PROV)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.99 and traded as high as $13.52. Provident Financial shares last traded at $13.30, with a volume of 1,056 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Provident Financial in a research note on Tuesday. They issued a “hold” rating for the company.

Provident Financial Trading Down 0.2 %

The company has a market capitalization of $92.58 million, a P/E ratio of 11.64 and a beta of 0.40. The business has a fifty day moving average price of $13.95 and a 200 day moving average price of $12.99. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.87.

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

Provident Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.56 annualized dividend and a yield of 4.19%. Provident Financial’s dividend payout ratio is 48.70%.

Institutional Trading of Provident Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raffles Associates LP grew its position in shares of Provident Financial by 2.6% in the first quarter. Raffles Associates LP now owns 391,349 shares of the financial services provider’s stock valued at $5,334,000 after purchasing an additional 10,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Provident Financial by 2.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider’s stock valued at $5,826,000 after acquiring an additional 8,604 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Provident Financial by 0.8% during the 2nd quarter. BlackRock Inc. now owns 290,372 shares of the financial services provider’s stock valued at $3,702,000 after acquiring an additional 2,413 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Provident Financial by 6.4% during the 2nd quarter. Baird Financial Group Inc. now owns 164,062 shares of the financial services provider’s stock valued at $2,092,000 after acquiring an additional 9,813 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Provident Financial by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 67,673 shares of the financial services provider’s stock worth $853,000 after buying an additional 1,896 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.