California Public Employees Retirement System continued to hold its position in Provident Financial Holdings, Inc. (NASDAQ:PROV) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,515 shares of the financial services provider’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Provident Financial Holdings were worth $998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Provident Financial Holdings by 12.4% in the fourth quarter. Teachers Advisors LLC now owns 11,558 shares of the financial services provider’s stock worth $234,000 after buying an additional 1,271 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of 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. Bank of New York Mellon Corp raised its stake in shares of 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. State Street Corp raised its stake in shares of Provident Financial Holdings by 28.4% in the fourth quarter. State Street Corp now owns 82,420 shares of the financial services provider’s stock worth $1,667,000 after buying an additional 18,207 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Provident Financial Holdings by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 642,623 shares of the financial services provider’s stock worth $12,994,000 after buying an additional 7,449 shares during the last quarter. Hedge funds and other institutional investors own 59.59% of the company’s stock.

Shares of Provident Financial Holdings, Inc. (NASDAQ PROV) traded down 0.37% during midday trading on Friday, hitting $19.10. 18,593 shares of the stock were exchanged. The stock has a market cap of $147.34 million and a P/E ratio of 29.84. The firm has a 50 day moving average of $19.16 and a 200-day moving average of $18.98. 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 announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.06. Provident Financial Holdings had a net margin of 7.11% and a return on equity of 3.93%. The firm had revenue of $15.86 million during the quarter, compared to analysts’ expectations of $18.20 million. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts anticipate that Provident Financial Holdings, Inc. will post $0.95 EPS for the current year.

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 paid a $0.14 dividend. 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%. This is an increase from Provident Financial Holdings’s previous quarterly dividend of $0.13. Provident Financial Holdings’s dividend payout ratio is currently 81.25%.

Provident Financial Holdings announced that its Board of Directors has authorized a stock buyback plan on Monday, June 19th that permits the company to repurchase 390,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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In other news, Director Debbi Guthrie sold 5,600 shares of the stock in a transaction 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 filing with the SEC, which is available at this link. Corporate insiders own 15.71% of the company’s stock.

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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