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Shares of Provident Financial Holdings (NASDAQ:PROV) were the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 50,642 shares, a drop of 90.9% from the June 30th total of 553,955 shares, American Banking & Market News reports. Based on an average daily trading volume, of 23,415 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.7% of the company’s stock are sold short.

Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of Provident Financial Holdings to a “buy” rating in a research note on Tuesday. Separately, analysts at TheStreet downgraded shares of Provident Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Finally, analysts at Raymond James downgraded shares of Provident Financial Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $505.53.

Shares of Provident Financial Holdings (NASDAQ:PROV) opened at 14.26 on Wednesday. Provident Financial Holdings has a 52 week low of $13.75 and a 52 week high of $18.62. The stock has a 50-day moving average of $14.37 and a 200-day moving average of $14.71. The company has a market cap of $137.9 million and a P/E ratio of 15.25.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, August 8th. This is an increase from Provident Financial Holdings’s previous quarterly dividend of $0.10.

Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.

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