Provident Financial Holdings Given New $18.00 Price Target at Compass Point (PROV)
Investment analysts at Compass Point decreased their price objective on shares of Provident Financial Holdings (NASDAQ:PROV) from $20.00 to $18.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective would suggest a potential upside of 18.97% from the company’s current price.
A number of other firms have also recently commented on PROV. Analysts at Raymond James downgraded shares of Provident Financial Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $20.00 price target on the stock. Separately, analysts at FIG Partners downgraded shares of Provident Financial Holdings to an “underperform” rating in a research note to investors on Wednesday. Finally, analysts at Zacks downgraded shares of Provident Financial Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $20.10 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.65.
Shares of Provident Financial Holdings (NASDAQ:PROV) traded down 0.20% during mid-day trading on Friday, hitting $15.13. 92,942 shares of the company’s stock traded hands. Provident Financial Holdings has a 1-year low of $14.91 and a 1-year high of $19.69. The stock’s 50-day moving average is $17.02 and its 200-day moving average is $16.68. The company has a market cap of $154.5 million and a P/E ratio of 6.37.
Provident Financial Holdings (NASDAQ:PROV) last released its earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.29. During the same quarter last year, the company posted $0.72 earnings per share. Analysts expect that Provident Financial Holdings will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 19th.
Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.
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