Rockland Trust Co. continued to hold its stake in Provident Bancorp, Inc. (NASDAQ:PVBC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,850 shares of the bank’s stock at the end of the second quarter. Rockland Trust Co.’s holdings in Provident Bancorp were worth $379,000 as of its most recent SEC filing.

Shares of Provident Bancorp, Inc. (NASDAQ:PVBC) opened at 21.60 on Thursday. Provident Bancorp, Inc. has a 52-week low of $14.96 and a 52-week high of $24.65. The company has a market capitalization of $198.57 million, a P/E ratio of 28.80 and a beta of 0.24. The stock’s 50 day moving average price is $21.64 and its 200-day moving average price is $20.71.

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Several research firms recently issued reports on PVBC. ValuEngine upgraded Provident Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet upgraded Provident Bancorp from a “c” rating to a “b-” rating in a research report on Monday, July 17th.

Provident Bancorp Company Profile

Provident Bancorp, Inc is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire.

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