Favorable News Coverage Somewhat Unlikely to Affect Provident Financial (PROV) Stock Price
Media stories about Provident Financial (NASDAQ:PROV) have been trending positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Provident Financial earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.4256667455724 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Provident Financial (NASDAQ:PROV) traded down $0.02 during trading on Tuesday, hitting $18.87. 5,000 shares of the stock traded hands, compared to its average volume of 9,314. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.15. Provident Financial has a 1-year low of $17.62 and a 1-year high of $20.35. The firm has a market cap of $143.74 and a price-to-earnings ratio of 46.03.
Provident Financial (NASDAQ:PROV) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.17 earnings per share for the quarter, missing the 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 analyst estimates of $16.70 million. During the same quarter last year, the firm posted $0.20 earnings per share.
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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