Provident Story

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PROV -- USA Stock  

USD 11.68  0.09  0.76%

Provident Financial is scheduled to announce its earnings today. The next fiscal year end is expected on the 4th of August 2020. As some millenniums are still trying to avoid financial services space, I will try to focus on Provident Financial Holdings a little further in order to understand its potential as a viable investment. What exactly are Provident Financial shareholders getting in August?
Published over two months ago
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What are the latest analyst consensus on Provident (NASDAQ:PROV)?
The company's average rating is Strong Buy from 2 analysts. Our trade recommendations tool can cross-verify current analyst consensus on Provident Financial and to analyze the firm potential to grow in the current economic cycle.
What is the right price you would pay to acquire a share of Provident Financial? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our stock advisor page.

What is happening with Provident Financial Holdings this year

Annual and quarterly reports issued by Provident Financial Holdings are formal financial statements that are published yearly and quarterly and sent to Provident stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934. Companies such as Provident Financial often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How Provident utilizes its cash?

To perform a cash flow analysis of Provident Financial, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Provident Financial is receiving and how much cash it distributes out in a given period. The Provident Financial cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Provident Financial Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Provident Financial reported Net Cash Flow from Operations of 7.95 Million in 2019

Is Provident a risky opportunity?

Let's check the volatility. Provident is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Provident (NASDAQ:PROV) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. buying a share of a Provident Financial stock makes you a part-owner of that company.

Provident Financial Holdings Current Consensus

Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Provident Financial. The Provident consensus assessment is calculated by taking the average estimates from all of the analysts covering Provident Financial

Strong Buy
Strong Buy2100.0
Strong Sell00.0

Provident Financial has 92 percent chance to finish above $11.91 in August

Latest Treynor Ratio is up to 0.07. Price may slide again. Provident Financial Holdings shows above-average downside volatility for the selected time horizon. We advise investors to inspect Provident Financial Holdings further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Provident Financial future alpha.

Our Final Take On Provident Financial

While other companies in the banks?regional industry are either recovering or due for a correction, Provident may not be as strong as the others in terms of longer-term growth potentials. The inconsistency in the assessment between current Provident valuation and our trade advice on Provident Financial is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Provident Financial.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Provident Financial Holdings. Please refer to our Terms of Use for any information regarding our disclosure principles.

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