Research analysts at StockNews.com began to cover the shares of Financial foresight (NASDAQ:PROV – Get a rating) in a research report published on Monday. The company has set a “conservation” rating on the shares of the financial services provider.
Performance of financial pension prices
Provident financial action opened at $14.38 on Monday. Provident Financial has a 12-month low of $13.50 and a 12-month high of $17.37. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $14.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt ratio of 0.89. The company has a market capitalization of $103.58 million, a price-earnings ratio of 12.40 and a beta of 0.45.
Institutional investors weigh in on Provident Financial
A number of large investors have recently increased or reduced their holdings in PROV. Federated Hermes Inc. increased its position in Provident Financial by 7.9% during the first quarter. Federated Hermes Inc. now owns 30,459 shares of the financial services provider worth $504,000 after buying 2,234 more shares last quarter. The Manufacturers Life Insurance Company increased its stake in Provident Financial by 2.5% during the first quarter. The Manufacturers Life Insurance Company now owns 352,267 shares of the financial services provider worth $5,826,000 after purchasing an additional 8,604 shares in the last quarter. M3F Inc. increased its stake in Provident Financial by 5.8% during the second quarter. M3F Inc. now owns 689,456 shares of the financial services provider worth $10,225,000 after purchasing an additional 37,870 shares in the last quarter. Royal Bank of Canada increased its stake in Provident Financial by 8.4% during the third quarter. Royal Bank of Canada now owns 15,500 shares of the financial services provider worth $220,000 after buying an additional 1,200 shares in the last quarter. Finally, Raffles Associates LP increased its stake in Provident Financial by 4.1% during the third quarter. Raffles Associates LP now owns 381,349 shares of the financial services provider worth $5,415,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 50.61% of the company’s shares.
About Provident Financial
Provident Financial Holdings, Inc. operates as a holding company for Provident Savings Bank, FSB, which provides community banking services to consumers and small and medium businesses in the Inland Empire region of Southern California. The Company’s deposit products include checking, savings and money market accounts, as well as term deposits; and the loan portfolio includes single-family, multi-family, commercial, construction, mortgage, commercial and consumer real estate loans.
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