Other equities analysts have also issued research reports about the stock. Hovde Group raised shares of Provident Financial from a market perform rating to an outperform rating and raised their price objective for the stock from $19.00 to $23.00 in a research note on Wednesday, March 20th. TheStreet upgraded shares of Provident Financial from a c+ rating to a b- rating in a research report on Wednesday, February 20th. Finally, FIG Partners upgraded shares of Provident Financial from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research report on Tuesday, February 5th.
Shares of Provident Financial stock traded up $0.25 on Monday, hitting $20.00. The company had a trading volume of 2,351 shares, compared to its average volume of 6,804. The stock has a market capitalization of $150.20 million, a PE ratio of 28.57 and a beta of 0.52. Provident Financial has a 52 week low of $14.67 and a 52 week high of $20.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.12 and a quick ratio of 1.06.
In other news, COO Donavon P. Ternes sold 5,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.05, for a total transaction of $100,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 14.41% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Provident Financial by 77.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,836 shares of the financial services provider’s stock valued at $162,000 after buying an additional 3,860 shares during the last quarter. M3F Inc. grew its stake in Provident Financial by 8.5% in the 4th quarter. M3F Inc. now owns 442,557 shares of the financial services provider’s stock valued at $6,860,000 after buying an additional 34,554 shares during the last quarter. Beacon Pointe Wealth Advisors LLC acquired a new position in Provident Financial in the 4th quarter valued at $227,000. Maltese Capital Management LLC acquired a new position in Provident Financial in the 3rd quarter valued at $458,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Provident Financial in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 55.27% of the company’s stock.
Provident Financial Company Profile
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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