Provident Financial Holdings Inc. (NASDAQ:PROV)‘s stock had its “hold” rating reaffirmed by analysts at Panmure Gordon in a research report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Citigroup Inc. reiterated a “buy” rating on shares of Provident Financial Holdings in a report on Wednesday, August 3rd. Barclays PLC reiterated an “overweight” rating on shares of Provident Financial Holdings in a report on Friday, June 17th. Shore Capital reiterated a “hold” rating on shares of Provident Financial Holdings in a report on Saturday, June 25th. Numis Securities Ltd reiterated a “hold” rating on shares of Provident Financial Holdings in a report on Saturday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Provident Financial Holdings from $17.50 to $19.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.

Analyst Recommendations for Provident Financial Holdings (NASDAQ:PROV)

Provident Financial Holdings (NASDAQ:PROV) traded up 1.28% during mid-day trading on Friday, hitting $19.75. 6,864 shares of the company traded hands. Provident Financial Holdings has a one year low of $16.17 and a one year high of $20.00. The company’s 50-day moving average is $19.42 and its 200-day moving average is $18.53. The stock has a market capitalization of $156.54 million, a price-to-earnings ratio of 22.44 and a beta of 0.13.

Provident Financial Holdings (NASDAQ:PROV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11. Provident Financial Holdings had a net margin of 9.79% and a return on equity of 5.47%. During the same period in the prior year, the firm earned $0.28 EPS. Analysts predict that Provident Financial Holdings will post $1.15 EPS for the current year.

A number of institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its position in Provident Financial Holdings by 753.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 7,855 shares of the company’s stock worth $144,000 after buying an additional 6,935 shares during the period. Nationwide Fund Advisors boosted its position in Provident Financial Holdings by 754.3% in the second quarter. Nationwide Fund Advisors now owns 10,251 shares of the company’s stock worth $188,000 after buying an additional 9,051 shares during the period. Teachers Advisors Inc. bought a new position in Provident Financial Holdings during the second quarter worth approximately $188,000. Schwab Charles Investment Management Inc. bought a new position in Provident Financial Holdings during the second quarter worth approximately $219,000. Finally, Parametric Portfolio Associates LLC bought a new position in Provident Financial Holdings during the second quarter worth approximately $241,000. Institutional investors and hedge funds own 61.72% of the company’s stock.

About Provident Financial Holdings

Provident Financial Holdings, Inc is a holding company of Provident Savings Bank, F.S.B. (the Bank). The Company operates through two segments: Provident Bank and Provident Bank Mortgage. The Company’s Provident Bank offers community banking activities. Provident Bank Mortgage offers mortgage banking activities.

5 Day Chart for NASDAQ:PROV

Receive News & Stock Ratings for Provident Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial Holdings Inc. and related stocks with our FREE daily email newsletter.