Extremely important positive changes in investment behavior have recently occurred for Provident Bancorp Inc (NASDAQ: PVBC): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in Provident Bancorp Inc (NASDAQ: PVBC) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism 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 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 44 and a slightly negative Power Rating of 38, resulting in the Negative Value Trend Rating.
Recent Price Action
Provident Bancorp Inc (NASDAQ: PVBC) stock declined slightly by -0.4% on 6/25/24. The stock closed at $9.67. However, unusually low trading volume at 65% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 0.7% during the last week.
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