Provident Financial Holdings, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:PROV)

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, December 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, November 14th.

Provident Financial has a dividend payout ratio of 44.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Provident Financial to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 41.5%.

Provident Financial Price Performance

Shares of PROV stock opened at $15.80 on Wednesday. The business has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $13.55. The company has a market cap of $106.81 million, a P/E ratio of 14.50 and a beta of 0.39. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.93. Provident Financial has a twelve month low of $10.76 and a twelve month high of $16.00.

Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, October 28th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. The firm had revenue of $14.97 million during the quarter, compared to the consensus estimate of $9.74 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, sell-side analysts forecast that Provident Financial will post 1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PROV has been the subject of several research reports. Piper Sandler increased their price objective on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com initiated coverage on Provident Financial in a research note on Thursday, November 7th. They issued a “hold” rating for the company.

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.