Provident Financial (PROV) Scheduled to Post Quarterly Earnings on Monday

Provident Financial (NASDAQ:PROV) is scheduled to be releasing its earnings data before the market opens on Monday, October 28th. Analysts expect Provident Financial to post earnings of $0.25 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $15.38 million during the quarter, compared to the consensus estimate of $9.57 million. Provident Financial had a return on equity of 5.67% and a net margin of 12.53%. During the same period in the previous year, the company posted $0.26 earnings per share. On average, analysts expect Provident Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Provident Financial Stock Performance

PROV stock opened at $15.50 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average price of $14.37 and a 200 day moving average price of $13.35. The company has a market capitalization of $106.33 million, a P/E ratio of 14.62 and a beta of 0.40. Provident Financial has a 1-year low of $10.16 and a 1-year high of $15.63.

Provident Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.56 annualized dividend and a yield of 3.61%. Provident Financial’s dividend payout ratio (DPR) is presently 52.83%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Provident Financial in a research note on Sunday, September 15th. They issued a “hold” rating on the stock. Piper Sandler lifted their target price on Provident Financial from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Provident Financial Company Profile

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company's deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans.