Somewhat Positive News Coverage Somewhat Unlikely to Impact Provident Financial Holdings (PROV) Share Price
Media headlines about Provident Financial Holdings (NASDAQ:PROV) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Provident Financial Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.3550674642198 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Provident Financial Holdings (NASDAQ PROV) opened at 19.30 on Friday. Provident Financial Holdings has a one year low of $17.68 and a one year high of $20.66. The firm has a market cap of $148.88 million and a PE ratio of 30.16. The company’s 50-day moving average is $19.05 and its 200-day moving average is $19.00.
Provident Financial Holdings (NASDAQ:PROV) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 7.11% and a return on equity of 3.93%. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts forecast that Provident Financial Holdings will post $0.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, August 17th. This is an increase from Provident Financial Holdings’s previous quarterly dividend of $0.13. Provident Financial Holdings’s dividend payout ratio is currently 87.50%.
Provident Financial Holdings announced that its Board of Directors has authorized a stock buyback program on Monday, June 19th that permits the company to repurchase 390,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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In related news, Director Debbi Guthrie sold 5,600 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $19.10, for a total value of $106,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.71% of the stock is owned by corporate insiders.
Provident Financial Holdings Company Profile
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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