Provident Financial (NASDAQ:PROV) Receives Neutral Rating from Piper Sandler

Posted by George Bondi on Jun 26th, 2026

Provident Financial (NASDAQ:PROV – Get Free Report)‘s stock had its “neutral” rating reaffirmed by equities researchers at Piper Sandler in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $17.00 price target on the financial services provider’s stock. Piper Sandler’s price target points to a potential downside of 1.11% from the company’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Provident Financial in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Provident Financial presently has an average rating of “Hold” and an average price target of $17.00.

Get Our Latest Research Report on Provident Financial

Provident Financial Price Performance

Provident Financial stock opened at $17.19 on Friday. The business’s 50 day simple moving average is $17.05 and its 200 day simple moving average is $16.45. Provident Financial has a 12 month low of $14.95 and a 12 month high of $17.42. The company has a market cap of $107.44 million, a price-to-earnings ratio of 18.69 and a beta of 0.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.45.

Provident Financial (NASDAQ:PROV – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). The firm 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%.

Insider Activity

In other news, SVP David Weiant sold 2,732 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.12, for a total transaction of $46,771.84. Following the transaction, the senior vice president directly owned 6,175 shares in the company, valued at approximately $105,716. This represents a 30.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 4,744 shares of company stock valued at $81,076. 11.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Provident Financial

Hedge funds have recently made changes to their positions in the business. Fourthstone LLC raised its position in Provident Financial by 52.6% in the 4th quarter. Fourthstone LLC now owns 352,151 shares of the financial services provider’s stock worth $5,603,000 after purchasing an additional 121,329 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Provident Financial by 2.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 66,654 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 1,834 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Provident Financial by 7.6% in the first quarter. Empowered Funds LLC now owns 33,854 shares of the financial services provider’s stock worth $546,000 after buying an additional 2,400 shares during the period. Federated Hermes Inc. increased its stake in shares of Provident Financial by 13.2% in the fourth quarter. Federated Hermes Inc. now owns 29,657 shares of the financial services provider’s stock worth $472,000 after buying an additional 3,459 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Provident Financial during the 3rd quarter valued at $273,000. 71.34% of the stock is currently owned by institutional investors.

About Provident Financial

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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.