Nationwide Fund Advisors Raises Stake in Provident Financial Holdings, Inc. (PROV)
Nationwide Fund Advisors grew its position in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,454 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. Nationwide Fund Advisors owned approximately 0.15% of Provident Financial Holdings worth $220,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of PROV. Sei Investments Co. raised its holdings in Provident Financial Holdings by 89.9% during the second quarter. Sei Investments Co. now owns 8,290 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,924 shares in the last quarter. Cigna Investments Inc. New bought a new stake in Provident Financial Holdings during the second quarter worth about $236,000. TIAA CREF Investment Management LLC raised its holdings in Provident Financial Holdings by 7.5% during the second quarter. TIAA CREF Investment Management LLC now owns 17,150 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 1,195 shares in the last quarter. First Quadrant L P CA raised its holdings in Provident Financial Holdings by 26.1% during the second quarter. First Quadrant L P CA now owns 20,199 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 4,180 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Provident Financial Holdings by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 59,064 shares of the financial services provider’s stock worth $1,102,000 after acquiring an additional 1,702 shares in the last quarter. Institutional investors own 58.88% of the company’s stock.
Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) opened at $19.00 on Wednesday. Provident Financial Holdings, Inc. has a twelve month low of $17.62 and a twelve month high of $20.35. The stock has a market capitalization of $144.58, a PE ratio of 31.15 and a beta of -0.02. The company has a current ratio of 1.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97.
Provident Financial Holdings (NASDAQ:PROV) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Provident Financial Holdings had a return on equity of 3.84% and a net margin of 4.82%. The company had revenue of $15.47 million for the quarter, compared to the consensus estimate of $16.70 million. During the same quarter in the previous year, the company posted $0.20 EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, November 13th. This represents a $0.56 annualized dividend and a yield of 2.95%. Provident Financial Holdings’s payout ratio is presently 136.59%.
In other Provident Financial Holdings news, SVP Lilian Brunner-Salter sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $19.17, for a total transaction of $172,530.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roy Taylor sold 10,212 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $19.03, for a total value of $194,334.36. The disclosure for this sale can be found here. Insiders have sold 19,510 shares of company stock worth $372,532 in the last quarter. 12.74% of the stock is currently owned by corporate insiders.
About Provident Financial Holdings
Provident Financial Holdings, Inc is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans.
Receive News & Ratings for Provident Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.