Provident Financial (NASDAQ:PROV) Coverage initiated by StockNews.com analysts

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StockNews.com equity research analysts have begun covering stocks of Provident Financial (NASDAQ:PROV – Get an Assessment) in a report released Sunday. The brokerage has set a “hold” rating on the shares of the financial services provider.

Provident Financial Stock down 0.3%

Shares of Provident Financial opened at $14.07 on Friday. The company has a debt ratio of 0.89, a quick ratio of 0.99 and a current ratio of 1.03. The company’s 50-day simple moving average is $14.24 and its 200-day simple moving average is $14.50. The company has a market capitalization of $101.30 million, a PE ratio of 12.13 and a beta of 0.45. Provident Financial has a 52-week low of $13.50 and a 52-week high of $17.37.

Hedge funds weigh on Provident Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. M3F inc. increased its position in Provident Financial shares by 5.8% during the second quarter. M3F inc. now owns 689,456 shares of the financial services provider valued at $10,225,000 after acquiring an additional 37,870 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Provident Financial by 2.5% during the first quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider valued at $5,826,000 after purchasing an additional 8,604 shares during the period. Finally, Federated Hermes Inc. increased its position in Provident Financial by 7.4% during the second quarter. Federated Hermes Inc. now owns 32,708 shares of the financial services provider valued at $485,000 after buying 2,249 additional shares last quarter. Institutional investors and hedge funds own 50.61% of the company’s shares.

Provident Financial Company Profile

(Get an evaluation)

Provident Financial Holdings, Inc. operates as a holding company for Provident Savings Bank, FSB, which provides community banking services to consumers and small and medium businesses in the Inland Empire region of Southern California. The Company’s deposit products include checking, savings and money market accounts, as well as term deposits; and the loan portfolio includes single-family, multi-family, commercial, construction, mortgage, commercial and consumer real estate loans.

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