Provident Financial Holdings, Inc. (NASDAQ:PROV) Shares Bought by Black Maple Capital Management LP

Black Maple Capital Management LP raised its holdings in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,128 shares of the financial services provider’s stock after buying an additional 2,557 shares during the quarter. Black Maple Capital Management LP’s holdings in Provident Financial were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Provident Financial by 7.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 334,789 shares of the financial services provider’s stock valued at $5,326,000 after buying an additional 23,117 shares during the last quarter. Fourthstone LLC raised its position in Provident Financial by 30.5% during the fourth quarter. Fourthstone LLC now owns 90,080 shares of the financial services provider’s stock valued at $1,433,000 after acquiring an additional 21,030 shares in the last quarter. Northern Trust Corp raised its position in Provident Financial by 25.9% during the fourth quarter. Northern Trust Corp now owns 26,464 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 5,445 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Provident Financial by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,296 shares of the financial services provider’s stock valued at $7,737,000 after acquiring an additional 1,342 shares during the period. Finally, Empowered Funds LLC boosted its position in Provident Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 26,964 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,307 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PROV. Piper Sandler lowered their price target on shares of Provident Financial from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. StockNews.com started coverage on Provident Financial in a research report on Sunday, April 27th. They set a “hold” rating on the stock.

Provident Financial Stock Up 0.2 %

Provident Financial stock opened at $15.34 on Friday. Provident Financial Holdings, Inc. has a 12 month low of $12.01 and a 12 month high of $16.70. The stock has a market capitalization of $102.64 million, a PE ratio of 16.86 and a beta of 0.19. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $14.45 and a 200-day simple moving average of $15.32.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $10.12 million for the quarter, compared to analysts’ expectations of $9.86 million. Provident Financial had a return on equity of 4.81% and a net margin of 10.39%. On average, analysts anticipate that Provident Financial Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Provident Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 15th. Provident Financial’s dividend payout ratio is currently 57.73%.

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.