Provident Financial Holdings Stock Today
| PROV Stock | USD 13.44 0.08 0.60% |
Performance0 of 100
| Odds Of DistressLess than 5
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Provident Financial is selling for under 13.44 as of the 18th of April 2024; that is 0.60% increase since the beginning of the trading day. The stock's lowest day price was 13.37. Provident Financial has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Provident Financial Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 28th of June 1996 | Category Financial Services | Classification Financials |
Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. Provident Financial Holdings, Inc. The company has 6.93 M outstanding shares of which 44.54 K shares are at this time shorted by private and institutional investors with about 9.68 trading days to cover. More on Provident Financial Holdings
Moving against Provident Stock
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Provident Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Provident Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Provident Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Craig Blunden | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Thrifts & Mortgage Finance, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Thrifts & Mortgage Finance, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Provident Financial report their recommendations after researching Provident Financial's financial statements, talking to executives and customers, or listening in on Provident Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Provident Financial. The Provident consensus assessment is calculated by taking the average forecast from all of the analysts covering Provident Financial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Provident Financial's profitability, liquidity, and operating efficiency, Provident Financial Holdings may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Provident Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Provident Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Provident Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Provident Financial's financial leverage. It provides some insight into what part of Provident Financial's total assets is financed by creditors.
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Provident Financial Holdings (PROV) is traded on NASDAQ Exchange in USA. It is located in 3756 Central Avenue, Riverside, CA, United States, 92506 and employs 108 people. Provident Financial is listed under Thrifts & Mortgage Finance category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 92.75 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Provident Financial's market, we take the total number of its shares issued and multiply it by Provident Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Provident Financial conducts business under Thrifts & Mortgage Finance sector and is part of Financials industry. The entity has 6.93 M outstanding shares of which 44.54 K shares are at this time shorted by private and institutional investors with about 9.68 trading days to cover.
Provident Financial Holdings currently holds about 38.9 M in cash with 16.32 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.38.
Check Provident Financial Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Provident Financial is $92.75 Million. Over half of Provident Financial's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Provident Financial. Please watch out for any change in the institutional holdings of Provident Financial as this could mean something significant has changed or is about to change at the company. Note, that even with substantial debt, if the true value of the company is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Provident Ownership Details
Provident Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Provident Financial jumping above the current price in 90 days from now is about 87.9%. The Provident Financial Holdings probability density function shows the probability of Provident Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Provident Financial has a beta of 0.0643 indicating as returns on the market go up, Provident Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Provident Financial Holdings will be expected to be much smaller as well. Additionally, provident Financial Holdings has an alpha of 0.0244, implying that it can generate a 0.0244 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Provident Financial to move above the current price in 90 days from now is about 87.9 (This Provident Financial Holdings probability density function shows the probability of Provident Stock to fall within a particular range of prices over 90 days) .
Provident Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Provident Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Provident Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Provident Financial's value.| Instituion | Recorded On | Shares | |
| Talbot Financial | 2023-12-31 | 61.9 K | |
| Geode Capital Management, Llc | 2023-12-31 | 55 K | |
| Acadian Asset Management Llc | 2023-12-31 | 42.4 K | |
| Northern Trust Corp | 2023-12-31 | 23.4 K | |
| State Street Corporation | 2023-12-31 | 23 K | |
| Federated Hermes Inc | 2023-12-31 | 22.8 K | |
| Empowered Funds, Llc | 2023-12-31 | 21.3 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 16.3 K | |
| Royal Bank Of Canada | 2023-12-31 | 15.5 K | |
| M3f, Inc. | 2023-12-31 | 644.4 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 498 K |
Provident Financial Historical Income Statement
Provident Financial Holdings Income Statement is one of the three primary financial statements used for reporting Provident's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Provident Financial revenue and expense. Provident Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Provident Financial's Net Income Applicable To Common Shares is fairly stable compared to the past year. Reconciled Depreciation is likely to climb to about 4.2 M in 2024, whereas Interest Expense is likely to drop slightly above 7.7 M in 2024. View More FundamentalsProvident Stock Against Markets
Picking the right benchmark for Provident Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Provident Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Provident Financial is critical whether you are bullish or bearish towards Provident Financial Holdings at a given time. Please also check how Provident Financial's historical prices are related to one of the top price index indicators.
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Provident Financial Corporate Directors
Provident Financial corporate directors refer to members of a Provident Financial board of directors. The board of directors generally takes responsibility for the Provident Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Provident Financial's board members must vote for the resolution. The Provident Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Bruce Bennett | Independent Director | Profile | |
| William Thomas | Independent Director | Profile | |
| Roy Taylor | Independent Director | Profile | |
| Joseph Barr | Independent Director | Profile |
How to buy Provident Stock?
Before investing in Provident Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Provident Financial. To buy Provident Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Provident Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Provident Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Provident Financial Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Provident Financial Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Provident Financial Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Provident Stock please use our How to Invest in Provident Financial guide.
Already Invested in Provident Financial Holdings?
The danger of trading Provident Financial Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Provident Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Provident Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Provident Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Provident Financial is a strong investment it is important to analyze Provident Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Provident Financial's future performance. For an informed investment choice regarding Provident Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Provident Stock analysis
When running Provident Financial's price analysis, check to measure Provident Financial'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 Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial'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 Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.
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Is Provident Financial'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 Financial. 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 Financial 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 (0.07) | Dividend Share 0.56 | Earnings Share 1.14 | Revenue Per Share 5.744 | Quarterly Revenue Growth 0.022 |
The market value of Provident Financial 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 Financial's value that differs from its market value or its book value, called intrinsic value, which is Provident Financial'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 Financial's market value can be influenced by many factors that don't directly affect Provident Financial'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 Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Provident Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Provident Financial'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.