Provident Financial (PROV) Set to Announce Earnings on Monday

Provident Financial (NASDAQ:PROV) will issue its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Provident Financial (NASDAQ:PROV) last announced its earnings results on Monday, July 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $15.38 million during the quarter, compared to analyst estimates of $9.57 million. Provident Financial had a net margin of 12.53% and a return on equity of 5.67%. During the same period in the previous year, the business posted $0.26 earnings per share. On average, analysts expect Provident Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Provident Financial Stock Performance

Shares of NASDAQ PROV opened at $15.50 on Friday. The firm has a 50 day moving average of $14.37 and a 200 day moving average of $13.35. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $106.33 million, a price-to-earnings ratio of 14.62 and a beta of 0.40. Provident Financial has a 12-month low of $10.16 and a 12-month high of $15.63.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PROV shares. StockNews.com assumed coverage on shares of Provident Financial in a research report on Sunday, September 15th. They set a “hold” rating for the company. Piper Sandler boosted their target price on shares of Provident Financial from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.

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.