Provident Financial (NASDAQ:PROV) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.60 and traded as high as $15.90. Provident Financial shares last traded at $15.90, with a volume of 801 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on PROV. StockNews.com started coverage on shares of Provident Financial in a research report on Thursday, November 7th. They issued a “hold” rating on the stock. Piper Sandler boosted their target price on shares of Provident Financial from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th.

Provident Financial Price Performance

The company has a market cap of $107.48 million, a price-to-earnings ratio of 14.59 and a beta of 0.39. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.93. The business has a 50-day moving average price of $14.92 and a 200 day moving average price of $13.61.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, research analysts expect that Provident Financial Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Provident Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, November 14th. Provident Financial’s dividend payout ratio (DPR) is currently 51.38%.

Institutional Investors Weigh In On Provident Financial

An institutional investor recently bought a new position in Provident Financial stock. Fourthstone LLC acquired a new position in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 69,050 shares of the financial services provider’s stock, valued at approximately $991,000. Fourthstone LLC owned approximately 1.02% of Provident Financial as of its most recent filing with the Securities and Exchange Commission. 71.34% of the stock is currently owned by institutional investors and hedge funds.

About Provident Financial

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.