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

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, February 12th.

Provident Financial has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of PROV traded down $0.02 during mid-day trading on Friday, hitting $16.25. 984 shares of the company were exchanged, compared to its average volume of 7,555. Provident Financial has a 1-year low of $12.98 and a 1-year high of $16.35. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50 day moving average of $15.73 and a 200-day moving average of $15.61. The stock has a market cap of $105.14 million, a price-to-earnings ratio of 18.06 and a beta of 0.31.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Provident Financial had a return on equity of 4.69% and a net margin of 10.04%.The firm had revenue of $14.15 million during the quarter, compared to analyst estimates of $10.20 million. Analysts expect that Provident Financial will post 0.9 EPS for the current fiscal year.

Provident Financial Company Profile

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.