Renaissance Technologies LLC raised its stake in shares of Provident Financial Holdings, Inc. (NASDAQ:PROV) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 394,723 shares of the financial services provider’s stock after purchasing an additional 19,023 shares during the period. Renaissance Technologies LLC owned approximately 5.28% of Provident Financial worth $7,263,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P boosted its stake in shares of Provident Financial by 11.1% in the 4th quarter. Martingale Asset Management L P now owns 31,109 shares of the financial services provider’s stock worth $573,000 after buying an additional 3,104 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Provident Financial by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 348,190 shares of the financial services provider’s stock worth $6,407,000 after buying an additional 5,035 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Provident Financial by 69.5% in the 3rd quarter. Wells Fargo & Company MN now owns 6,692 shares of the financial services provider’s stock worth $132,000 after buying an additional 2,744 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Provident Financial by 66.3% in the third quarter. JPMorgan Chase & Co. now owns 85,161 shares of the financial services provider’s stock valued at $1,671,000 after purchasing an additional 33,951 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Provident Financial in the third quarter valued at approximately $194,000. Hedge funds and other institutional investors own 60.51% of the company’s stock.
Shares of PROV stock opened at $18.26 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.92. Provident Financial Holdings, Inc. has a 1 year low of $17.62 and a 1 year high of $20.35. The firm has a market cap of $137.29, a price-to-earnings ratio of 29.14 and a beta of 0.05.
Provident Financial (NASDAQ:PROV) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $14.49 million for the quarter, compared to analysts’ expectations of $15.40 million. Provident Financial had a net margin of 1.63% and a return on equity of 3.94%. During the same quarter in the previous year, the firm posted $0.18 EPS.
In related news, insider David Weiant sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $18.06, for a total value of $54,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Craig G. Blunden sold 17,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $18.35, for a total transaction of $311,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,000 shares of company stock worth $639,880. Insiders own 12.74% of the company’s stock.
PROV has been the topic of several research analyst reports. Sandler O’Neill reiterated a “hold” rating and issued a $19.00 price objective on shares of Provident Financial in a research note on Wednesday, January 31st. Hovde Group set a $20.00 price objective on Provident Financial and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, TheStreet cut shares of Provident Financial from a “b-” rating to a “c+” rating in a report on Friday, February 2nd.
Provident Financial Company Profile
Provident Financial Holdings, Inc operates as the holding company for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. It operates through two segments, Provident Bank and Provident Bank Mortgage.
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