Provident Financial Holdings Upgraded by Zacks to Outperform (PROV)
Provident Financial Holdings (NASDAQ:PROV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $16.30 price target on the stock. Zacks‘s price objective would suggest a potential upside of 10.14% from the stock’s previous close.
Provident Financial Holdings (NASDAQ:PROV) traded down 0.94% during mid-day trading on Friday, hitting $14.80. 20,508 shares of the company’s stock traded hands. 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 $14.39 and a 200-day moving average of $14.71. The company has a market cap of $137.8 million and a price-to-earnings ratio of 22.98.
Provident Financial Holdings (NASDAQ:PROV) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.06. During the same quarter in the prior year, the company posted $0.49 earnings per share. Analysts expect that Provident Financial Holdings will post $0.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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 2.97%. The ex-dividend date is Friday, August 8th. This is a boost from Provident Financial Holdings’s previous quarterly dividend of $0.10.
A number of other firms have also recently commented on PROV. Analysts at Raymond James upgraded shares of Provident Financial Holdings from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at Sterne Agee upgraded shares of Provident Financial Holdings to a “buy” rating in a research note on Tuesday, July 29th. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $504.58.
Provident Financial Holdings, Inc (NASDAQ:PROV) is a holding company for Provident Savings Bank, F.
To view Zacks’ full report, visit Zacks’ official website.
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