Extremely important negative changes in investment behavior have recently occurred for Provident Bancorp Inc (NASDAQ: PVBC): its longer term price trend turned down, and negative upside/downside volume developed.
Meaningful negative changes in Provident Bancorp Inc (NASDAQ: PVBC) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, PVBC is expected to be a modest Value Eraser.
Provident Bancorp has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Provident Bancorp has a neutral Appreciation Score of 41 and a neutral Power Rating of 55, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 10/14/24, Provident Bancorp Inc (NASDAQ: PVBC) stock declined modestly by -1.9%, closing at $10.52. However, unusually low trading volume at 50% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 2.4% during the last week.
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