Stock Rating Downgrade
Of late the Value Trend Rating for Provident Bancorp Inc (NASDAQ: PVBC) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Provident Bancorp Inc (NASDAQ: PVBC) stock declined slightly by -0.8% on 1/5/24. The stock closed at $10.57. NORMAL trading volume accompanied the decline. The stock has risen 5.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, PVBC is expected to be a modest Value Eraser.
Provident Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Provident Bancorp has a slightly negative Appreciation Score of 37 but a very high Power Rating of 88, with the High Neutral Value Trend Rating the result.
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