David Mansfield - Provident Bancorp President CEO, Director

PVBC Stock  USD 8.90  0.13  1.48%   

CEO

Mr. David P. Mansfield is the Director, President and Chief Executive Officer of the company. He is the Chief Executive Officer of The Provident Bank since May 2013, having joined The Provident Bank as Chief Financial Officer in 2001. Mr. Mansfield previously worked as a bank examiner for both the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporationrationration, and is a Certified Financial Analyst. Mr. Mansfields positions as President and Chief Executive Officer foster clear accountability, effective decisionmaking, a clear and direct channel of communication from senior management to the full board of directors, and alignment on corporate strategy. since 2013.
Age 62
Tenure 11 years
Address 5 Market Street, Amesbury, MA, United States, 01913
Phone978 834 8555
Webhttps://bankprov.com

David Mansfield Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Mansfield against Provident Bancorp stock is an integral part of due diligence when investing in Provident Bancorp. David Mansfield insider activity provides valuable insight into whether Provident Bancorp is net buyers or sellers over its current business cycle. Note, Provident Bancorp insiders must abide by specific rules, including filing SEC forms every time they buy or sell Provident Bancorp'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Provident Bancorp Management Efficiency

The current year's Return On Tangible Assets is expected to grow to 0.02, whereas Return On Capital Employed is forecasted to decline to 0. At present, Provident Bancorp's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 280.2 M, whereas Total Assets are forecasted to decline to about 1.2 B. Provident Bancorp's management efficiency ratios could be used to measure how well Provident Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 108.87 M in liabilities with Debt to Equity (D/E) ratio of 6.33, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist Provident Bancorp until it has trouble settling it off, either with new capital or with free cash flow. So, Provident Bancorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Provident Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Provident to invest in growth at high rates of return. When we think about Provident Bancorp's use of debt, we should always consider it together with cash and equity.

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Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts. Provident Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 170 people. Provident Bancorp (PVBC) is traded on NASDAQ Exchange in USA. It is located in 5 Market Street, Amesbury, MA, United States, 01913 and employs 188 people. Provident Bancorp is listed under Thrifts & Mortgage Finance category by Fama And French industry classification.

Management Performance

Provident Bancorp Leadership Team

Elected by the shareholders, the Provident Bancorp's board of directors comprises two types of representatives: Provident Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Provident. The board's role is to monitor Provident Bancorp's management team and ensure that shareholders' interests are well served. Provident Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Provident Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joseph Mancini, Executive COO
Frank Cousins, Director
Janine Jakubauskas, Executive BankProv
Laurie Knapp, Director
Jay Gould, Director
John Bosen, Director
Jean Kim, Senior Finance
Joseph Reilly, CoPresident CoCEO
Charles Withee, President Chief Lending Officer and director of The Provident Bank
Carol Houle, CFO, Executive Vice President
David Mansfield, President CEO, Director
Wayne Tatro, Director
Anne Lapointe, Executive Bank
Arthur Sullivan, Director
Richard Peeke, Director
Joseph Kenney, Executive Bank
Kimberly Scholtz, Corporate Secretary
Kenneth Fisher, Senior Finance
Lisa DeStefano, Director
Kevin Barton, Senior Bank
Kathleen Barrett, VP Marketing
Denise Gallant, Vice Bank

Provident Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Provident Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Provident Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Provident Bancorp's short interest history, or implied volatility extrapolated from Provident Bancorp options trading.

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When determining whether Provident Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Provident Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Provident Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Provident Bancorp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For information on how to trade Provident Stock refer to our How to Trade Provident Stock guide.
Note that the Provident Bancorp information on this page should be used as a complementary analysis to other Provident Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Provident Stock analysis

When running Provident Bancorp's price analysis, check to measure Provident Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Provident Bancorp is operating at the current time. Most of Provident Bancorp's value examination focuses on studying past and present price action to predict the probability of Provident Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Bancorp's price. Additionally, you may evaluate how the addition of Provident Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Provident Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Provident Bancorp. If investors know Provident will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Provident Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.349
Earnings Share
0.83
Revenue Per Share
4.172
Quarterly Revenue Growth
0.233
Return On Assets
0.0082
The market value of Provident Bancorp is measured differently than its book value, which is the value of Provident that is recorded on the company's balance sheet. Investors also form their own opinion of Provident Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Provident Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Provident Bancorp's market value can be influenced by many factors that don't directly affect Provident Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Provident Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.