Provident Bancorp Inc (NASDAQ: PVBC) has reported E.P.S. of $0.30 for its first fiscal quarter (ending March 31) versus $0.13 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.84 compared to $-1.52 a year ago.
Recent Price Action
Provident Bancorp Inc (NASDAQ: PVBC) stock enjoyed a very large increase of 8.1% on 4/25/24. The shares closed at $9.34. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 20.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, PVBC is expected to continue to be Value Creation neutral.
Provident Bancorp has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Provident Bancorp has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 35, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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