Provident Bancorp Inc (NASDAQ: PVBC) has reported E.P.S. of $-0.20 for its second fiscal quarter (ending June 30) versus $0.21 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.43 versus $-1.65 for the same period a year ago.
Recent Price Action
Provident Bancorp Inc (NASDAQ: PVBC) stock declined by -3.5% on 7/29/24. The shares closed at $11.45. However, this decline was accompanied by exceptionally low trading volume at 39% of normal. The stock has performed in line with the market over the last nine months and has risen 2.5% during the last week.
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). This VT Rating improved modestly in recent days from F previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Provident Bancorp has a slightly negative Appreciation Score of 37 and a poor Power Rating of 29, producing 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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