Provident Financial Holdings Inc (NASDAQ: PROV) has reported E.P.S. of $0.28 for its fourth fiscal quarter (ending June 30) versus $0.26 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.06 compared to $1.20 a year ago.
Recent Price Action
Provident Financial Holdings Inc (NASDAQ: PROV) stock closed at $13.60 on 7/29/24 after a large increase of 4.2%. Moreover, trading volume in this advance was exceptionally high at 220% of normal. The stock has risen 6.1% during the last week and has performed in line with the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Provident Financial Holdings has a neutral Power Rating of 55 but a good Appreciation Score of 74, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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