Provident Financial (PROV) Set to Announce Quarterly Earnings on Monday

Provident Financial (NASDAQ:PROV) is scheduled to be announcing its earnings results before the market opens on Monday, July 29th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, April 29th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Provident Financial had a net margin of 12.57% and a return on equity of 5.56%. The company had revenue of $9.41 million for the quarter, compared to the consensus estimate of $9.72 million. 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 Price Performance

Provident Financial stock traded up $0.52 during mid-day trading on Tuesday, hitting $13.34. 7,796 shares of the company traded hands, compared to its average volume of 6,974. Provident Financial has a one year low of $10.16 and a one year high of $15.40. The stock has a market cap of $91.78 million, a price-to-earnings ratio of 12.83 and a beta of 0.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average price of $12.54 and a 200-day moving average price of $13.31.

Provident Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th were issued a $0.14 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.20%. Provident Financial’s payout ratio is 53.85%.

Analysts Set New Price Targets

PROV has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on shares of Provident Financial from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. StockNews.com started coverage on shares of Provident Financial in a report on Sunday. They issued a “hold” rating for the company.

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.