Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on August 17th
Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Investors of record on Monday, August 21st will be paid a dividend of 0.14 per share by the financial services provider on Monday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from Provident Financial Holdings’s previous quarterly dividend of $0.13.
Shares of Provident Financial Holdings (NASDAQ PROV) opened at 19.10 on Friday. Provident Financial Holdings has a one year low of $17.68 and a one year high of $20.66. The company’s 50-day moving average is $19.16 and its 200-day moving average is $18.98. The company has a market capitalization of $147.34 million and a PE ratio of 29.84.
Provident Financial Holdings (NASDAQ:PROV) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.06. The business had revenue of $15.86 million for the quarter, compared to the consensus estimate of $18.20 million. Provident Financial Holdings had a return on equity of 3.93% and a net margin of 7.11%. During the same period last year, the firm earned $0.31 earnings per share. Equities analysts predict that Provident Financial Holdings will post $0.95 earnings per share for the current year.
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In related news, Director Debbi Guthrie sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $19.10, for a total transaction of $106,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 15.71% of the stock is currently owned by insiders.
Provident Financial Holdings declared that its Board of Directors has initiated a share buyback plan on Monday, June 19th that permits the company to buyback 390,000 shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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.
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