New York State Common Retirement Fund lessened its stake in Provident Financial Holdings, Inc. (NASDAQ:PROV) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,400 shares of the financial services provider’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Provident Financial worth $104,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PROV. M3F Inc. lifted its holdings in shares of Provident Financial by 138.7% in the second quarter. M3F Inc. now owns 127,407 shares of the financial services provider’s stock valued at $2,453,000 after purchasing an additional 74,027 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Provident Financial by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 655,392 shares of the financial services provider’s stock valued at $12,223,000 after purchasing an additional 12,769 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of Provident Financial in the second quarter valued at approximately $236,000. Federated Investors Inc. PA lifted its holdings in shares of Provident Financial by 6.9% in the second quarter. Federated Investors Inc. PA now owns 72,239 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 4,674 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Provident Financial by 89.9% in the second quarter. Sei Investments Co. now owns 8,290 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 3,924 shares in the last quarter. Institutional investors own 60.16% of the company’s stock.

In other news, Director Roy Taylor sold 10,212 shares of Provident Financial stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.03, for a total value of $194,334.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lilian Brunner-Salter sold 9,000 shares of Provident Financial stock in a transaction on Monday, October 30th. The shares were sold at an average price of $19.17, for a total value of $172,530.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,382 shares of company stock valued at $389,126. 12.74% of the stock is owned by company insiders.

Shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) opened at $19.33 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $146.33, a P/E ratio of 31.52 and a beta of -0.02. Provident Financial Holdings, Inc. has a 52-week low of $17.62 and a 52-week high of $20.35.

Provident Financial (NASDAQ:PROV) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.04). Provident Financial had a net margin of 4.82% and a return on equity of 3.84%. The business had revenue of $15.47 million for the quarter, compared to analysts’ expectations of $16.70 million. During the same period in the previous year, the business posted $0.20 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, November 13th. Provident Financial’s dividend payout ratio (DPR) is presently 136.59%.

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Provident Financial Company Profile

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.

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Institutional Ownership by Quarter for Provident Financial (NASDAQ:PROV)

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