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

Posted by Doug Wharley on Jan 28th, 2025

Provident Financial (NASDAQ:PROV – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.13 earnings per share 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 period in the prior year, the company earned $0.31 earnings per share.

Provident Financial Price Performance

Shares of PROV opened at $15.88 on Tuesday. The company’s 50-day moving average is $15.87 and its 200-day moving average is $14.81. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $107.35 million, a PE ratio of 14.57 and a beta of 0.38. Provident Financial has a fifty-two week low of $12.01 and a fifty-two week high of $16.70.

Provident Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Provident Financial in a research note on Tuesday, January 21st. They issued a “hold” rating for the company. Piper Sandler lifted their price objective on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th.

Read Our Latest Report on Provident Financial

About Provident Financial

(Get Free Report)

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.