Provident Financial (NASDAQ:PROV) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.18 and traded as high as $16.65. Provident Financial shares last traded at $16.41, with a volume of 4,193 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PROV. Piper Sandler upped their price target on shares of Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com assumed coverage on shares of Provident Financial in a report on Friday. They issued a “hold” rating for the company.

Provident Financial Trading Up 0.6 %

The stock has a market cap of $110.98 million, a P/E ratio of 15.06 and a beta of 0.38. The company has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $14.18. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.93.

Provident Financial (NASDAQ:PROV) last released its earnings results on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $14.97 million during the quarter, compared to analyst estimates of $9.74 million. Provident Financial had a net margin of 12.58% and a return on equity of 5.78%. During the same quarter last year, the business earned $0.25 EPS. On average, research analysts expect that Provident Financial Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Provident Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.56 annualized dividend and a dividend yield of 3.41%. Provident Financial’s payout ratio is 51.38%.

Hedge Funds Weigh In On Provident Financial

An institutional investor recently raised its position in Provident Financial stock. Empowered Funds LLC increased its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,657 shares of the financial services provider’s stock after buying an additional 1,206 shares during the period. Empowered Funds LLC owned 0.38% of Provident Financial worth $368,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Provident Financial

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.