Provident Financial Holdings, Inc. (NASDAQ:PROV) Announces Quarterly Dividend of $0.14

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Thursday, February 12th will be given a dividend of 0.14 per share by the financial services provider on Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, February 12th.

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 $1.20 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 46.7%.

Provident Financial Stock Up 0.8%

PROV opened at $16.20 on Friday. The firm has a 50 day moving average price of $15.73 and a 200 day moving average price of $15.61. Provident Financial has a 1 year low of $12.98 and a 1 year high of $16.35. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $104.78 million, a PE ratio of 17.99 and a beta of 0.31.

Provident Financial (NASDAQ:PROV) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Provident Financial had a net margin of 10.04% and a return on equity of 4.69%. The company had revenue of $14.15 million during the quarter, compared to analyst estimates of $10.20 million. Sell-side analysts expect that Provident Financial will post 0.9 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.