Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on August 13th

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 13th will be given a dividend of 0.14 per share by the financial services provider on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, August 13th.

Provident Financial has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Provident Financial to earn $1.27 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 44.1%.

Provident Financial Price Performance

PROV stock opened at $18.06 on Tuesday. Provident Financial has a 12-month low of $14.95 and a 12-month high of $18.42. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $17.25 and its 200 day simple moving average is $16.78. The firm has a market cap of $112.87 million, a price-to-earnings ratio of 17.53 and a beta of 0.33.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $15.22 million for the quarter, compared to the consensus estimate of $10.00 million. Provident Financial had a net margin of 11.16% and a return on equity of 5.22%. On average, analysts expect that Provident Financial will post 1.22 earnings per share for the current year.

About Provident Financial

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.