Extremely important positive changes in investment behavior have recently occurred for Provident Financial Holdings Inc (NASDAQ: PROV): the stock rose on very heavy volume, and positive upside/downside volume developed.
Provident Financial Holdings Inc (NASDAQ: PROV). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PROV’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Provident Financial Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Provident Financial Holdings has a neutral Power Rating of 53 but a good Appreciation Score of 74, leading to the Positive Value Trend Rating.
Recent Price Action
Provident Financial Holdings Inc (NASDAQ: PROV) stock rose slightly by 0.2% on 7/15/24. The stock closed at $12.53. Moreover, this advance was accompanied by exceptionally high trading volume at 789% of normal. The stock has performed in line with the market over the last nine months and has risen 1.6% during the last week.
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