StockNews.com Begins Coverage of Provident Financial (NASDAQ:PROV)

0

StockNews.com took over stock coverage of Provident Financial (NASDAQ:PROV – Get an Assessment) in a research note released Thursday to investors. The company has set a “conservation” rating on the shares of the financial services provider.

PROV opened at $16.50 on Thursday. The stock has a market capitalization of $121.61 million, a price-earnings ratio of 12.69 and a beta of 0.56. The company has a fifty-day moving average of $16.70 and a 200-day moving average of $16.82. Provident Financial has a fifty-two week low of $14.50 and a fifty-two week high of $18.48. The company has a debt ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97.

Provident Financial (NASDAQ:PROV – Get Rating) last released its results on Tuesday, January 25. The financial services provider reported earnings per share of $0.30 for the quarter, beating Thomson Reuters consensus estimate of $0.22 by $0.08. Provident Financial had a net margin of 25.27% and a return on equity of 7.72%. In the same quarter of the previous year, the company had earned earnings per share of $0.16.

(A d)

Investors are betting big on a biotech company behind a shocking breakthrough medical discovery…

And you may only have once in a lifetime opportunity to invest in something this big so soon…

Want the name and stock symbol?

A number of hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in Provident Financial by 0.6% during the fourth quarter. BlackRock Inc. now owns 298,134 shares of the financial services provider valued at $4,928,000 after buying an additional 1,893 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Provident Financial by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 343,663 shares of the financial services provider valued at $5,688,000 after purchasing an additional 9,409 shares in the last quarter. M3F inc. increased its position in Provident Financial by 2.0% during the third quarter. M3F Inc. now owns 585,505 shares of the financial services provider valued at $9,866,000 after purchasing an additional 11,434 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Provident Financial by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 334,254 shares of the financial services provider valued at $5,632,000 after purchasing an additional 9,488 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Provident Financial by 16.5% during the third quarter. Geode Capital Management LLC now owns 38,253 shares of the financial services provider valued at $653,000 after purchasing an additional 5,408 shares in the last quarter. Institutional investors and hedge funds own 55.79% of the company’s shares.

Provident Financial Company Profile (Get an evaluation)

Provident Financial Holdings, Inc is engaged in the provision of financial services. Its services include checking, savings, investment services, mobile banking, online banking, merchant services, cybersecurity advice, and loan programs and applications. The company was founded in January 1996 and is based in Riverside, California.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Provident Financial right now?

Before you consider Provident Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Provident Financial wasn’t on the list.

Although Provident Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.