Provident Financial Holdings Inc (NASDAQ: PROV) has reported earnings for its first fiscal quarter (ending September 30) of $0.28 versus $0.25 for the same period a year ago — an increase of 12%. For the latest four quarters through September 30, E.P.S. were $1.09 versus $1.17 for the same period a year ago — a decline of -7%.
Recent Price Action
Provident Financial Holdings Inc (NASDAQ: PROV) stock closed at $15.51 on 10/28/24 after a slight gain of 0.06%. However, below average trading volume at 68% of normal accompanied the advance. The stock has risen 1.1% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Provident Financial Holdings has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 44, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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