Provident Financial (NASDAQ:PROV) Issues Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Posted by Sean Solarzano on Jan 28th, 2025

Provident Financial (NASDAQ:PROV – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13), RTT News reports. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same period in the prior year, the firm posted $0.31 earnings per share.

Provident Financial Trading Up 0.5 %

Shares of PROV stock opened at $15.88 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $15.87 and a 200 day moving average of $14.81. The stock has a market capitalization of $107.35 million, a PE ratio of 14.57 and a beta of 0.38. Provident Financial has a 1-year low of $12.01 and a 1-year high of $16.70.

Provident Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.53%. Provident Financial’s dividend payout ratio is currently 51.38%.

Analysts Set New Price Targets

PROV has been the topic of a number of research reports. Piper Sandler raised their price objective on Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com started coverage on shares of Provident Financial in a research note on Tuesday, January 21st. They set a “hold” rating on the stock.

Read Our Latest Stock Report on Provident Financial

Provident Financial Company Profile

(Get Free Report)

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.