Insider Selling: David Weiant Sells 1,000 Shares of Provident Financial Holdings Stock (PROV)
Provident Financial Holdings (NASDAQ:PROV) SVP David Weiant unloaded 1,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $14.33, for a total value of $14,330.00. Following the sale, the senior vice president now directly owns 12,838 shares of the company’s stock, valued at approximately $183,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Provident Financial Holdings (NASDAQ:PROV) traded up 0.80% on Tuesday, hitting $14.525. The stock had a trading volume of 10,640 shares. Provident Financial Holdings has a 1-year low of $13.75 and a 1-year high of $18.62. The stock’s 50-day moving average is $14.36 and its 200-day moving average is $14.71. The company has a market cap of $135.3 million and a P/E ratio of 22.17.
Provident Financial Holdings (NASDAQ:PROV) last released its earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts expect that Provident Financial Holdings will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Provident Financial Holdings’s previous quarterly dividend of $0.10.
A number of analysts have recently weighed in on PROV shares. Analysts at Sterne Agee upgraded shares of Provident Financial Holdings to a “buy” rating in a research note on Tuesday, July 29th. 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. Provident Financial Holdings presently has an average rating of “Hold” and an average target price of $505.53.
Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.
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