Numis Securities Ltd reissued their hold rating on shares of Provident Financial Holdings Inc. (NASDAQ:PROV) in a research note released on Saturday morning.

Several other equities research analysts also recently commented on PROV. Beaufort Securities reiterated a hold rating on shares of Provident Financial Holdings in a report on Wednesday, July 27th. Keefe, Bruyette & Woods lifted their price objective on Provident Financial Holdings from $17.50 to $19.00 and gave the stock a market perform rating in a report on Friday, July 29th. Shore Capital reiterated a hold rating on shares of Provident Financial Holdings in a report on Saturday, June 25th. Barclays PLC reiterated an overweight rating on shares of Provident Financial Holdings in a report on Friday, June 17th. Finally, Citigroup Inc. reiterated a buy rating on shares of Provident Financial Holdings in a report on Wednesday, August 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $19.00.

Shares of Provident Financial Holdings (NASDAQ:PROV) traded up 1.28% during midday trading on Friday, hitting $19.75. The stock had a trading volume of 6,864 shares. The stock’s 50 day moving average price is $19.42 and its 200 day moving average price is $18.53. The firm has a market cap of $156.54 million, a price-to-earnings ratio of 22.44 and a beta of 0.13. Provident Financial Holdings has a 12 month low of $16.17 and a 12 month high of $20.00.

Provident Financial Holdings (NASDAQ:PROV) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.23 by $0.11. Provident Financial Holdings had a return on equity of 5.47% and a net margin of 9.79%. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts forecast that Provident Financial Holdings will post $1.15 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PROV. Stilwell Value LLC boosted its position in shares of Provident Financial Holdings by 0.7% in the first quarter. Stilwell Value LLC now owns 700,825 shares of the company’s stock valued at $11,949,000 after buying an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Provident Financial Holdings by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 625,939 shares of the company’s stock valued at $11,455,000 after buying an additional 4,784 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Provident Financial Holdings by 5.5% in the second quarter. Vanguard Group Inc. now owns 278,029 shares of the company’s stock valued at $5,088,000 after buying an additional 14,559 shares during the last quarter. Bridgeway Capital Management Inc. boosted its position in shares of Provident Financial Holdings by 35.5% in the second quarter. Bridgeway Capital Management Inc. now owns 223,041 shares of the company’s stock valued at $4,082,000 after buying an additional 58,410 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Provident Financial Holdings by 797.1% in the second quarter. BlackRock Fund Advisors now owns 179,194 shares of the company’s stock valued at $3,279,000 after buying an additional 159,219 shares during the last quarter. 61.72% of the stock is currently owned by institutional investors and hedge funds.

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

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