Provident Financial (NASDAQ:PROV) SVP David Weiant Sells 1,012 Shares

Provident Financial Holdings, Inc. (NASDAQ:PROVGet Free Report) SVP David Weiant sold 1,012 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $17.00, for a total transaction of $17,204.00. Following the completion of the transaction, the senior vice president owned 8,907 shares of the company’s stock, valued at $151,419. This trade represents a 10.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Weiant also recently made the following trade(s):

  • On Thursday, June 4th, David Weiant sold 1,000 shares of Provident Financial stock. The shares were sold at an average price of $17.10, for a total transaction of $17,100.00.

Provident Financial Price Performance

Shares of Provident Financial stock traded up $0.27 on Tuesday, hitting $17.06. The company had a trading volume of 8,445 shares, compared to its average volume of 8,124. The business has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $16.29. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $106.69 million, a PE ratio of 18.54 and a beta of 0.33. Provident Financial Holdings, Inc. has a 52 week low of $14.95 and a 52 week high of $17.42.

Provident Financial (NASDAQ:PROVGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.08). The company had revenue of $14.57 million during the quarter, compared to the consensus estimate of $10.10 million. Provident Financial had a net margin of 10.27% and a return on equity of 4.77%.

Provident Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.14 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.56 annualized dividend and a dividend yield of 3.3%. Provident Financial’s dividend payout ratio (DPR) is 60.87%.

Institutional Trading of Provident Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fourthstone LLC lifted its stake in Provident Financial by 52.6% during the fourth quarter. Fourthstone LLC now owns 352,151 shares of the financial services provider’s stock valued at $5,603,000 after purchasing an additional 121,329 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Provident Financial by 2.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 66,654 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 1,834 shares during the last quarter. Empowered Funds LLC lifted its stake in Provident Financial by 7.6% during the first quarter. Empowered Funds LLC now owns 33,854 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 2,400 shares during the last quarter. Federated Hermes Inc. lifted its stake in Provident Financial by 13.2% during the fourth quarter. Federated Hermes Inc. now owns 29,657 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 3,459 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Provident Financial during the third quarter valued at approximately $273,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Provident Financial in a report on Tuesday, April 21st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.00.

Read Our Latest Report on Provident Financial

About Provident Financial

(Get Free Report)

Provident Financial Services, Inc (NASDAQ: PROV) is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.

The company’s principal business activities include retail banking, commercial lending, mortgage finance and wealth management.

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