Provident Financial Holdings, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:PROV)

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.14 per share by the financial services provider on Thursday, December 5th. This represents a $0.56 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, November 14th.

Provident Financial has a payout ratio of 44.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Provident Financial to earn $1.35 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 41.5%.

Provident Financial Stock Performance

NASDAQ PROV opened at $15.80 on Wednesday. Provident Financial has a 52-week low of $10.76 and a 52-week high of $16.00. The stock has a market cap of $106.81 million, a PE ratio of 14.50 and a beta of 0.39. The firm has a 50-day moving average of $14.81 and a 200-day moving average of $13.55. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.23 and a current ratio of 1.25.

Provident Financial (NASDAQ:PROV) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Provident Financial had a return on equity of 5.78% and a net margin of 12.58%. The company had revenue of $14.97 million during the quarter, compared to analysts’ expectations of $9.74 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, sell-side analysts anticipate that Provident Financial will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PROV. Piper Sandler upped their price objective on Provident Financial from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com began coverage on shares of Provident Financial in a research report on Thursday, November 7th. They issued a “hold” rating for the company.

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.