Provident Financial (NASDAQ:PROV) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Provident Financial (NASDAQ:PROV) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13), RTT News reports. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same quarter last year, the firm posted $0.31 EPS.

Provident Financial Price Performance

Shares of PROV opened at $15.88 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. Provident Financial has a twelve month low of $12.01 and a twelve month high of $16.70. The stock has a market capitalization of $107.35 million, a P/E ratio of 14.57 and a beta of 0.38. The company has a 50 day moving average of $15.87 and a 200-day moving average of $14.81.

Provident Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, February 13th. Provident Financial’s dividend payout ratio is presently 51.38%.

Analyst Upgrades and Downgrades

PROV has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of Provident Financial in a research report on Tuesday, January 21st. They issued a “hold” rating for the company. Piper Sandler increased their price target on Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th.

Provident Financial Company Profile

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.