Provident Financial (NASDAQ:PROV) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Provident Financial (NASDAQ:PROV) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.07), Zacks reports. Provident Financial had a net margin of 11.16% and a return on equity of 5.23%.

Provident Financial Price Performance

Shares of NASDAQ PROV opened at $18.16 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. Provident Financial has a fifty-two week low of $14.95 and a fifty-two week high of $18.99. The firm has a market capitalization of $112.59 million, a PE ratio of 17.63 and a beta of 0.32. The stock’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $17.15.

Provident Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a $0.14 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.1%. Provident Financial’s dividend payout ratio is presently 54.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PROV. Zacks Research lowered Provident Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Wall Street Zen raised shares of Provident Financial to a “hold” rating in a research note on Saturday, October 3rd. Piper Sandler increased their price objective on shares of Provident Financial from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Provident Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Provident Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Provident Financial Company Profile

Provident Financial Holdings, Inc is the holding company for Provident Savings Bank, a federally chartered community bank headquartered in Riverside, California. The bank serves individuals, families and businesses primarily in Southern California, with a focus on the Inland Empire and surrounding communities.

Provident Savings Bank offers a range of traditional banking products and services, including deposit accounts, residential mortgage loans, home equity financing, consumer loans and commercial real estate lending.