Provident Bancorp Inc (NASDAQ: PVBC) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.
Provident Bancorp Inc (NASDAQ: PVBC). Notable negative changes in 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Provident Bancorp has a neutral Appreciation Score of 42 and a neutral Power Rating of 56, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Provident Bancorp Inc (NASDAQ: PVBC) stock closed at $10.40 on 9/12/24 after a large increase of 2.8%. This advance was accompanied by normal trading volume. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
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