Provident Financial (NASDAQ:PROV) Shares Cross Above 200 Day Moving Average of $20.29

Provident Financial Holdings, Inc. (NASDAQ:PROV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.29 and traded as high as $20.41. Provident Financial shares last traded at $20.41, with a volume of 328 shares changing hands.

A number of equities research analysts have weighed in on the stock. FIG Partners downgraded shares of Provident Financial from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. ValuEngine downgraded shares of Provident Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.09. The company has a market capitalization of $157.22 million, a price-to-earnings ratio of 35.09 and a beta of 0.49. The stock’s fifty day simple moving average is $20.98 and its two-hundred day simple moving average is $20.29.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.11. Provident Financial had a net margin of 7.76% and a return on equity of 3.62%. The company had revenue of $10.69 million during the quarter, compared to analyst estimates of $11.00 million.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, August 19th. Provident Financial’s dividend payout ratio is presently 96.55%.

A number of hedge funds have recently bought and sold shares of PROV. M3F Inc. boosted its stake in Provident Financial by 1.6% in the 1st quarter. M3F Inc. now owns 449,788 shares of the financial services provider’s stock valued at $8,960,000 after purchasing an additional 7,231 shares during the period. Russell Investments Group Ltd. increased its position in Provident Financial by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 20,133 shares of the financial services provider’s stock worth $415,000 after buying an additional 545 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Provident Financial in the second quarter worth $302,000. Bank of New York Mellon Corp increased its position in Provident Financial by 52.8% in the second quarter. Bank of New York Mellon Corp now owns 50,622 shares of the financial services provider’s stock worth $1,062,000 after buying an additional 17,502 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Provident Financial by 1.6% in the second quarter. Renaissance Technologies LLC now owns 441,047 shares of the financial services provider’s stock worth $9,258,000 after buying an additional 6,799 shares during the last quarter. 58.11% of the stock is owned by institutional investors.

About Provident Financial (NASDAQ:PROV)

Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. It operates through two segments, Provident Bank and Provident Bank Mortgage.

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