Provident Financial Holdings Receives “Buy” Rating from Compass Point (PROV)
Provident Financial Holdings (NASDAQ:PROV)‘s stock had its “buy” rating restated by equities researchers at Compass Point in a research report issued on Thursday, AmericanBankingNews.com reports. They currently have a $16.00 target price on the stock. Compass Point’s target price suggests a potential upside of 13.88% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill upgraded shares of Provident Financial Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Provident Financial Holdings in a research note on Thursday, April 10th. They set a “market perform” rating and a $16.00 price target on the stock. Finally, analysts at FIG Partners upgraded shares of Provident Financial Holdings from an “underperform” rating to a “market perform” rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $408.42.
Shares of Provident Financial Holdings (NASDAQ:PROV) traded down 0.14% during mid-day trading on Thursday, hitting $14.05. The stock had a trading volume of 173,049 shares. Provident Financial Holdings has a one year low of $13.81 and a one year high of $18.62. The stock has a 50-day moving average of $14.95 and a 200-day moving average of $15.08. The company has a market cap of $138.4 million and a P/E ratio of 11.21.
Provident Financial Holdings (NASDAQ:PROV) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.04. During the same quarter last year, the company posted $0.45 earnings per share. Analysts expect that Provident Financial Holdings will post $0.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 11th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, May 16th.
Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.
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