Provident Financial Holdings, Inc. (NASDAQ:PROV) – Equities research analysts at FIG Partners upped their Q3 2018 earnings estimates for shares of Provident Financial in a research report issued to clients and investors on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.17. FIG Partners also issued estimates for Provident Financial’s Q3 2019 earnings at $0.26 EPS, Q1 2020 earnings at $0.34 EPS and Q2 2020 earnings at $0.31 EPS.
Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.20 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.20. The company had revenue of $14.49 million for the quarter, compared to analyst estimates of $15.40 million. Provident Financial had a return on equity of 3.88% and a net margin of 1.63%. During the same quarter last year, the firm posted $0.18 earnings per share.
Shares of Provident Financial (NASDAQ:PROV) opened at $18.19 on Friday. The company has a market capitalization of $134.68, a PE ratio of 139.93 and a beta of 0.03. The company has a current ratio of 1.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. Provident Financial has a 1 year low of $17.62 and a 1 year high of $20.35.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, February 16th. Provident Financial’s dividend payout ratio is currently 430.80%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PROV. Wells Fargo & Company MN grew its holdings in shares of Provident Financial by 69.5% during the third quarter. Wells Fargo & Company MN now owns 6,692 shares of the financial services provider’s stock worth $132,000 after buying an additional 2,744 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Provident Financial during the third quarter worth about $194,000. Nationwide Fund Advisors grew its holdings in shares of Provident Financial by 10.6% during the second quarter. Nationwide Fund Advisors now owns 11,454 shares of the financial services provider’s stock worth $220,000 after buying an additional 1,100 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Provident Financial by 7.5% during the second quarter. TIAA CREF Investment Management LLC now owns 17,150 shares of the financial services provider’s stock worth $330,000 after buying an additional 1,195 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Provident Financial by 3.3% during the second quarter. Northern Trust Corp now owns 74,595 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 2,387 shares in the last quarter. 58.44% of the stock is currently owned by institutional investors.
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Provident Financial Company Profile
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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