Provident Financial Holdings, Inc. (NASDAQ:PROV) insider David Weiant sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $18.70, for a total value of $374,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) traded down 0.79% during midday trading on Monday, hitting $18.79. The stock had a trading volume of 4,873 shares. Provident Financial Holdings, Inc. has a 1-year low of $16.81 and a 1-year high of $20.66. The company’s 50 day moving average price is $18.79 and its 200-day moving average price is $19.38. The firm has a market capitalization of $149.42 million, a PE ratio of 21.52 and a beta of 0.13.
Provident Financial Holdings (NASDAQ:PROV) last posted its quarterly earnings data on Friday, January 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.26 by $0.08. The company earned $16.92 million during the quarter, compared to the consensus estimate of $20.45 million. Provident Financial Holdings had a net margin of 9.19% and a return on equity of 5.34%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities analysts predict that Provident Financial Holdings, Inc. will post $0.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Wednesday, February 15th were given a $0.13 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.52 annualized dividend and a yield of 2.75%. Provident Financial Holdings’s dividend payout ratio is currently 59.77%.
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Separately, TheStreet raised Provident Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.00.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Provident Financial Holdings by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 642,623 shares of the company’s stock valued at $12,994,000 after buying an additional 7,449 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Provident Financial Holdings by 7.1% in the fourth quarter. Renaissance Technologies LLC now owns 342,300 shares of the company’s stock valued at $6,921,000 after buying an additional 22,600 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Provident Financial Holdings by 23.7% in the third quarter. Acadian Asset Management LLC now owns 141,989 shares of the company’s stock valued at $2,777,000 after buying an additional 27,224 shares in the last quarter. State Street Corp boosted its stake in Provident Financial Holdings by 28.4% in the fourth quarter. State Street Corp now owns 82,420 shares of the company’s stock valued at $1,667,000 after buying an additional 18,207 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Provident Financial Holdings by 68.8% in the fourth quarter. Federated Investors Inc. PA now owns 55,410 shares of the company’s stock valued at $1,120,000 after buying an additional 22,580 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors and hedge funds.
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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