News headlines about Provident Financial Holdings (NASDAQ:PROV) have trended positive recently, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Provident Financial Holdings earned a daily sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also gave headlines about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Shares of Provident Financial Holdings (NASDAQ:PROV) traded down 0.21% on Friday, hitting $19.00. 5,715 shares of the stock traded hands. The stock has a market cap of $149.82 million, a price-to-earnings ratio of 22.75 and a beta of 0.13. Provident Financial Holdings has a 12-month low of $17.20 and a 12-month high of $20.66. The stock has a 50-day moving average price of $18.76 and a 200 day moving average price of $19.22.
Provident Financial Holdings (NASDAQ:PROV) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.02. Provident Financial Holdings had a net margin of 9.19% and a return on equity of 5.34%. The business earned $15.44 million during the quarter, compared to the consensus estimate of $16.79 million. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, analysts anticipate that Provident Financial Holdings will post $0.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.52 annualized dividend and a yield of 2.74%. Provident Financial Holdings’s dividend payout ratio is currently 59.77%.
Separately, Hovde Group began coverage on shares of Provident Financial Holdings in a research note on Tuesday, April 11th. They issued a “market perform” rating and a $20.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Provident Financial Holdings has an average rating of “Hold” and a consensus price target of $19.50.
In other Provident Financial Holdings news, insider David Weiant sold 20,000 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $18.70, for a total transaction of $374,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 15.71% of the company’s stock.
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.