Provident Bancorp, Inc. (PVBC) Scheduled to Post Earnings on Wednesday
Shares of Provident Bancorp, Inc. (NASDAQ PVBC) opened at 22.95 on Wednesday. The firm has a market cap of $210.70 million, a PE ratio of 30.60 and a beta of 0.29. The stock has a 50 day moving average of $21.76 and a 200 day moving average of $21.38. Provident Bancorp, Inc. has a 1-year low of $15.65 and a 1-year high of $24.65.
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Several research firms have recently commented on PVBC. ValuEngine upgraded shares of Provident Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. TheStreet upgraded shares of Provident Bancorp from a “c” rating to a “b-” rating in a research report on Monday, July 17th.
An institutional investor recently raised its position in Provident Bancorp stock. State Street Corp increased its stake in Provident Bancorp, Inc. (NASDAQ:PVBC) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,305 shares of the bank’s stock after purchasing an additional 7,147 shares during the quarter. State Street Corp owned about 0.74% of Provident Bancorp worth $1,537,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 17.75% of the company’s stock.
About Provident Bancorp
Provident Bancorp, Inc is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire.
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