Provident Financial Holdings, Inc. (PROV) to Issue Quarterly Dividend of $0.14 on December 4th

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Thursday, November 13th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, November 13th.

Provident Financial has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Provident Financial to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 46.7%.

Provident Financial Trading Down 0.0%

Shares of PROV opened at $15.77 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $102.48 million, a P/E ratio of 16.95 and a beta of 0.40. The stock’s fifty day simple moving average is $15.61 and its 200 day simple moving average is $15.34. Provident Financial has a twelve month low of $12.98 and a twelve month high of $16.70.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Provident Financial had a net margin of 10.40% and a return on equity of 4.85%. The company had revenue of $9.76 million during the quarter, compared to analysts’ expectations of $10.50 million. During the same period last year, the business earned $0.28 earnings per share. On average, equities research analysts forecast that Provident Financial will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on PROV. Weiss Ratings reissued a “hold (c)” rating on shares of Provident Financial in a research report on Wednesday, October 8th. Piper Sandler raised Provident Financial to a “neutral” rating and set a $16.50 price objective on the stock in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.50.

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.