Provident Financial (NASDAQ:PROV) Stock Price Passes Above 50-Day Moving Average of $20.57

Provident Financial Holdings, Inc. (NASDAQ:PROV)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.57 and traded as high as $21.64. Provident Financial shares last traded at $21.64, with a volume of 114 shares.

Several research firms have recently commented on PROV. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. FIG Partners restated an “outperform” rating on shares of Salisbury Bancorp in a research report on Tuesday, April 30th. Finally, Hovde Group upgraded shares of Provident Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $23.00 in a research report on Wednesday, March 20th.

The stock’s 50-day moving average price is $20.57. The company has a market cap of $161.19 million, a PE ratio of 30.73 and a beta of 0.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.09.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, April 29th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.20). The company had revenue of $12.66 million during the quarter, compared to the consensus estimate of $12.70 million. Provident Financial had a net margin of 8.35% and a return on equity of 4.14%.

A hedge fund recently raised its stake in Provident Financial stock. M3F Inc. boosted its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 449,788 shares of the financial services provider’s stock after buying an additional 7,231 shares during the period. Provident Financial accounts for 8.0% of M3F Inc.’s portfolio, making the stock its 3rd biggest holding. M3F Inc. owned about 5.99% of Provident Financial worth $8,960,000 as of its most recent filing with the Securities & Exchange Commission. 55.00% of the stock is currently owned by institutional investors.

About Provident Financial (NASDAQ:PROV)

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.

Read More: Cash Asset Ratio

Receive News & Ratings for Provident Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial and related companies with's FREE daily email newsletter.