Provident Financial Holdings (PROV) Earns News Sentiment Score of 0.10
Press coverage about Provident Financial Holdings (NASDAQ:PROV) has trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Provident Financial Holdings earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.3125532545983 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Provident Financial Holdings (PROV) traded down 0.748% on Monday, hitting $19.235. 684 shares of the company’s stock were exchanged. Provident Financial Holdings has a 12-month low of $17.62 and a 12-month high of $20.66. The company’s 50-day moving average price is $19.20 and its 200 day moving average price is $19.06. The stock has a market cap of $148.01 million, a price-to-earnings ratio of 30.055 and a beta of -0.02.
Provident Financial Holdings (NASDAQ:PROV) last issued 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). The firm had revenue of $15.86 million during the quarter, compared to analysts’ expectations of $18.20 million. Provident Financial Holdings had a net margin of 7.11% and a return on equity of 3.96%. During the same period in the previous year, the firm earned $0.31 EPS. On average, equities analysts predict that Provident Financial Holdings will post $0.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 21st were issued a $0.14 dividend. This is an increase from Provident Financial Holdings’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 2.89%. Provident Financial Holdings’s payout ratio is presently 87.50%.
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 leadership believes its shares are undervalued.
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About Provident Financial Holdings
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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