Provident Financial Holdings, Inc. (PROV) To Go Ex-Dividend on November 12th

Provident Financial Holdings, Inc. (NASDAQ:PROV) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.14 per share by the financial services provider on Thursday, December 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, November 12th.

Provident Financial has a dividend payout ratio of 39.2% meaning 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

NASDAQ PROV opened at $18.20 on Friday. The company has a 50 day simple moving average of $18.33 and a 200-day simple moving average of $17.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $112.84 million, a price-to-earnings ratio of 17.67 and a beta of 0.32. Provident Financial has a 52-week low of $14.95 and a 52-week high of $18.99.

Provident Financial (NASDAQ:PROV) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. Provident Financial had a net margin of 11.16% and a return on equity of 5.23%. The business had revenue of $10.59 million during the quarter, compared to analysts’ expectations of $10.00 million. Equities research analysts predict that Provident Financial will post 1.22 earnings per share for the current fiscal year.

Key Stories Impacting Provident Financial

Here are the key news stories impacting Provident Financial this week:

• Positive Sentiment: The board approved a plan to repurchase up to 5% of the company’s outstanding shares, or approximately 305,477 shares. Buybacks can support earnings per share by reducing the share count and may provide demand for the stock. Provident Financial Holdings Board Approves 5% Stock Buyback Plan
• Positive Sentiment: Provident Financial declared a quarterly dividend of $0.14 per share, payable December 3 to shareholders of record on November 12. The dividend equates to $0.56 annually and a yield of approximately 3.1%, potentially increasing the stock’s appeal to income-focused investors. Provident Financial Holdings Announces Quarterly Cash Dividend
• Neutral Sentiment: The stock was trading near its 12-month high of $18.99, with a recent price of $18.20. However, trading volume was about half its average, suggesting limited conviction behind the move. Provident Financial has a market capitalization of approximately $112.8 million and a price-to-earnings ratio of 17.67.
• Neutral Sentiment: The company’s latest reported quarter exceeded expectations, with earnings of $0.35 per share versus the $0.29 consensus estimate and revenue of $10.59 million versus expectations of $10.00 million. Analysts currently project full-year earnings of approximately $1.22 per share.

Provident Financial Company Profile

Provident Financial Holdings, Inc is the holding company for Provident Savings Bank, FSB, a community-oriented savings bank headquartered in Riverside, California. The bank provides deposit and lending services to individuals, families, businesses and real estate professionals, with operations focused primarily on Southern California.

Provident Savings Bank offers checking, savings, money market and certificate of deposit accounts, along with residential mortgage loans, multifamily and commercial real estate loans, construction financing, commercial business loans and consumer lending products.