Provident Financial Holdings, Inc. (PROV) to Release Quarterly Earnings on Monday
Provident Financial Holdings, Inc. (NASDAQ:PROV) is scheduled to announce its earnings results before the market opens on Monday, October 23rd. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Provident Financial Holdings (NASDAQ:PROV) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The firm had revenue of $15.86 million for the quarter, compared to analyst estimates of $18.20 million. Provident Financial Holdings had a net margin of 7.11% and a return on equity of 3.96%. During the same period in the previous year, the business posted $0.31 EPS. On average, analysts expect Provident Financial Holdings to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Provident Financial Holdings, Inc. (PROV) opened at 19.75 on Monday. Provident Financial Holdings, Inc. has a 52-week low of $17.62 and a 52-week high of $20.66. The company’s 50-day moving average price is $19.50 and its 200-day moving average price is $19.18. The firm has a market cap of $151.98 million, a PE ratio of 30.86 and a beta of -0.04.
Provident Financial Holdings declared that its Board of Directors has authorized a share buyback program on Monday, June 19th that authorizes the company to repurchase 390,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
A hedge fund recently raised its stake in Provident Financial Holdings stock. State Street Corp lifted its holdings in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,510 shares of the financial services provider’s stock after buying an additional 9,890 shares during the period. State Street Corp owned about 1.21% of Provident Financial Holdings worth $1,801,000 at the end of the most recent quarter. 59.91% of the stock is currently owned by institutional investors.
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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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