Dimensional Fund Advisors LP Grows Position in Provident Financial Holdings, Inc. (PROV)
Dimensional Fund Advisors LP lifted its position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 663,416 shares of the financial services provider’s stock after purchasing an additional 8,024 shares during the quarter. Dimensional Fund Advisors LP owned about 8.60% of Provident Financial Holdings worth $12,771,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PROV. M3F Inc. boosted its holdings in Provident Financial Holdings by 138.7% in the second quarter. M3F Inc. now owns 127,407 shares of the financial services provider’s stock worth $2,453,000 after acquiring an additional 74,027 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Provident Financial Holdings by 4.2% in the first quarter. Renaissance Technologies LLC now owns 356,600 shares of the financial services provider’s stock worth $6,651,000 after acquiring an additional 14,300 shares in the last quarter. Cigna Investments Inc. New bought a new stake in Provident Financial Holdings in the second quarter worth $236,000. Federated Investors Inc. PA boosted its holdings in Provident Financial Holdings by 6.9% in the second quarter. Federated Investors Inc. PA now owns 72,239 shares of the financial services provider’s stock worth $1,391,000 after acquiring an additional 4,674 shares in the last quarter. Finally, First Quadrant L P CA boosted its holdings in Provident Financial Holdings by 26.1% in the second quarter. First Quadrant L P CA now owns 20,199 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 4,180 shares in the last quarter. Institutional investors own 58.88% of the company’s stock.
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In other news, SVP Lilian Brunner-Salter sold 9,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $19.17, for a total transaction of $172,530.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Roy Taylor sold 10,212 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.03, for a total value of $194,334.36. The disclosure for this sale can be found here. Insiders sold 19,510 shares of company stock worth $372,532 over the last three months. Corporate insiders own 12.74% of the company’s stock.
Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) opened at $19.00 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. Provident Financial Holdings, Inc. has a 1-year low of $17.62 and a 1-year high of $20.35. The company has a market capitalization of $144.58, a price-to-earnings ratio of 31.15 and a beta of -0.02.
Provident Financial Holdings (NASDAQ:PROV) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.04). Provident Financial Holdings had a return on equity of 3.84% and a net margin of 4.82%. The company had revenue of $15.47 million during the quarter, compared to the consensus estimate of $16.70 million. During the same period last year, the firm posted $0.20 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, November 13th. Provident Financial Holdings’s dividend payout ratio (DPR) is 136.59%.
Provident Financial Holdings Profile
Provident Financial Holdings, Inc is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans.
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