Provident Financial Holdings, Inc. (NASDAQ:PROV) Set to Announce Quarterly Earnings on Monday
Provident Financial Holdings, Inc. (NASDAQ:PROV) is scheduled to be posting its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect Provident Financial Holdings to post earnings of $0.18 per share for the quarter.
Provident Financial Holdings (NASDAQ:PROV) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. Provident Financial Holdings had a return on equity of 5.12% and a net margin of 8.85%. The firm had revenue of $15.44 million for the quarter, compared to analyst estimates of $16.79 million. During the same quarter last year, the company earned $0.18 earnings per share. On average, analysts expect Provident Financial Holdings to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Provident Financial Holdings, Inc. (NASDAQ PROV) opened at 18.96 on Monday. Provident Financial Holdings, Inc. has a 1-year low of $17.67 and a 1-year high of $20.66. The firm has a market capitalization of $149.61 million and a PE ratio of 22.68. The firm’s 50-day moving average price is $19.27 and its 200-day moving average price is $19.11.
In related news, Director Debbi Guthrie sold 5,600 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $19.10, for a total transaction of $106,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.71% of the stock is currently owned by corporate insiders.
Separately, Hovde Group assumed coverage on shares of Provident Financial Holdings in a research note on Tuesday, April 11th. They set a “market perform” rating and a $20.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Provident Financial Holdings presently has an average rating of “Hold” and a consensus price target of $19.50.
About Provident Financial Holdings
Provident Financial Holdings, Inc is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans.
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