First Manhattan Co. held its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,942 shares of the financial services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Provident Financial Holdings were worth $133,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PROV. First Quadrant L P CA raised its stake 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 buying an additional 4,180 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 buying an additional 14,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Provident Financial Holdings by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 655,392 shares of the financial services provider’s stock worth $12,223,000 after buying an additional 12,769 shares during the last quarter. Martingale Asset Management L P raised its stake in Provident Financial Holdings by 5.1% in the first quarter. Martingale Asset Management L P now owns 28,703 shares of the financial services provider’s stock worth $536,000 after buying an additional 1,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Provident Financial Holdings by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 59,064 shares of the financial services provider’s stock worth $1,102,000 after buying an additional 1,702 shares during the last quarter. 59.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) opened at 19.10 on Friday. The firm’s 50-day moving average is $19.16 and its 200-day moving average is $18.98. The company has a market capitalization of $147.34 million and a price-to-earnings ratio of 29.84. Provident Financial Holdings, Inc. has a 12-month low of $17.68 and a 12-month high of $20.66.

Provident Financial Holdings (NASDAQ:PROV) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.06. Provident Financial Holdings had a return on equity of 3.93% and a net margin of 7.11%. The firm had revenue of $15.86 million during the quarter, compared to the consensus estimate of $18.20 million. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities analysts predict that Provident Financial Holdings, Inc. will post $0.95 EPS for the current year.

Provident Financial Holdings declared that its Board of Directors has initiated a stock repurchase program on Monday, June 19th that permits the company to repurchase 390,000 outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 21st will be issued a $0.14 dividend. This is a boost from Provident Financial Holdings’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 2.93%. Provident Financial Holdings’s dividend payout ratio (DPR) is currently 81.25%.

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In other news, Director Debbi Guthrie sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $19.10, for a total value of $106,960.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 15.71% of the stock is currently owned by company insiders.

Provident Financial Holdings Company 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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Institutional Ownership by Quarter for Provident Financial Holdings (NASDAQ:PROV)

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