Provident Financial Holdings Price Target Cut to $16.50 by Analysts at Sandler O’Neill (PROV)
Equities research analysts at Sandler O’Neill lowered their target price on shares of Provident Financial Holdings (NASDAQ:PROV) to $16.50 in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s target price suggests a potential upside of 9.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Compass Point cut their price target on shares of Provident Financial Holdings from $20.00 to $18.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at FIG Partners downgraded shares of Provident Financial Holdings to an “underperform” rating in a research note to investors on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.65.
Provident Financial Holdings (NASDAQ:PROV) traded down 0.20% during mid-day trading on Friday, hitting $15.13. The stock had a trading volume of 92,942 shares. Provident Financial Holdings has a 1-year low of $14.91 and a 1-year high of $19.69. The stock has a 50-day moving average of $17.02 and a 200-day moving average of $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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.29. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, analysts predict that Provident Financial Holdings will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, November 19th.
Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.
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