PROV

Provident Financial HoldingsNasdaqGS:PROV Stock Report

Market Cap

US$126.5m

7D

-0.6%

1Y

39.1%

Updated

16 Sep, 2021

Data

Company Financials +
PROV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends5/6

PROV Overview

Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B.

Provident Financial Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Provident Financial Holdings
Historical stock prices
Current Share PriceUS$16.83
52 Week HighUS$11.40
52 Week LowUS$18.48
Beta0.60
1 Month Change-1.32%
3 Month Change2.87%
1 Year Change39.09%
3 Year Change-8.33%
5 Year Change-14.66%
Change since IPO245.22%

Recent News & Updates

Aug 09
Provident Financial Holdings' (NASDAQ:PROV) Dividend Will Be US$0.14

Provident Financial Holdings' (NASDAQ:PROV) Dividend Will Be US$0.14

Provident Financial Holdings, Inc. ( NASDAQ:PROV ) will pay a dividend of US$0.14 on the 2nd of September. This means...

Jul 26
Provident Financial Holdings (NASDAQ:PROV) Has Re-Affirmed Its Dividend Of US$0.14

Provident Financial Holdings (NASDAQ:PROV) Has Re-Affirmed Its Dividend Of US$0.14

The board of Provident Financial Holdings, Inc. ( NASDAQ:PROV ) has announced that it will pay a dividend of US$0.14...

Shareholder Returns

PROVUS MortgageUS Market
7D-0.6%-0.6%-0.6%
1Y39.1%12.6%33.6%

Return vs Industry: PROV exceeded the US Mortgage industry which returned 13% over the past year.

Return vs Market: PROV exceeded the US Market which returned 33.7% over the past year.

Price Volatility

Is PROV's price volatile compared to industry and market?
PROV volatility
PROV Beta0.60
Industry Beta1.13
Market Beta1

Stable Share Price: PROV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PROV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1956135Craig Blundenhttps://www.myprovident.com

Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. Its deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans. The company also offers investment services comprising the sale of investment products, such as annuities and mutual funds; and trustee services for real estate transactions.

Provident Financial Holdings Fundamentals Summary

How do Provident Financial Holdings's earnings and revenue compare to its market cap?
PROV fundamental statistics
Market CapUS$126.49m
Earnings (TTM)US$7.56m
Revenue (TTM)US$35.92m

16.7x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PROV income statement (TTM)
RevenueUS$35.92m
Cost of RevenueUS$0
Gross ProfitUS$35.92m
ExpensesUS$28.36m
EarningsUS$7.56m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.01
Gross Margin100.00%
Net Profit Margin21.05%
Debt/Equity Ratio79.3%

How did PROV perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Provident Financial Holdings undervalued compared to its fair value and its price relative to the market?

16.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PROV ($16.83) is trading above our estimate of fair value ($7.76)

Significantly Below Fair Value: PROV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PROV is poor value based on its PE Ratio (16.7x) compared to the US Mortgage industry average (12.1x).

PE vs Market: PROV is good value based on its PE Ratio (16.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: PROV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PROV's PB Ratio (1x) is in line with the US Mortgage industry average.


Future Growth

How is Provident Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PROV's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: PROV's earnings are forecast to decline over the next 3 years (-2.7% per year).

High Growth Earnings: PROV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PROV's revenue (3.8% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: PROV's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PROV's Return on Equity is forecast to be low in 3 years time (5.5%).


Past Performance

How has Provident Financial Holdings performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PROV has high quality earnings.

Growing Profit Margin: PROV's current net profit margins (21%) are higher than last year (19.3%).


Past Earnings Growth Analysis

Earnings Trend: PROV's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: PROV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PROV had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Mortgage industry average (36.9%).


Return on Equity

High ROE: PROV's Return on Equity (5.9%) is considered low.


Financial Health

How is Provident Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PROV's Assets to Equity ratio (9.3x) is low.

Allowance for Bad Loans: PROV has a low allowance for bad loans (88%).

Low Risk Liabilities: 89% of PROV's liabilities are made up of primarily low risk sources of funding.

Loan Level: PROV has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: PROV's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: PROV has an appropriate level of bad loans (1%).


Dividend

What is Provident Financial Holdings's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PROV's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: PROV's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: PROV's dividends per share have been stable in the past 10 years.

Growing Dividend: PROV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.3%), PROV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PROV's dividends in 3 years are forecast to be covered by earnings (58.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

24.7yrs

Average board tenure


CEO

Craig Blunden (73 yo)

25.67yrs

Tenure

US$542,682

Compensation

Mr. Craig G. Blunden has been Chief Executive Officer of Provident Savings Bank since 1991. Mr. Blunden has been the Chairman and Chief Executive Officer of Provident Financial Holdings, Inc. since its for...


CEO Compensation Analysis

Compensation vs Market: Craig's total compensation ($USD542.68K) is about average for companies of similar size in the US market ($USD548.10K).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: PROV's board of directors are seasoned and experienced ( 24.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Provident Financial Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Provident Financial Holdings, Inc.
  • Ticker: PROV
  • Exchange: NasdaqGS
  • Founded: 1956
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$126.491m
  • Shares outstanding: 7.52m
  • Website: https://www.myprovident.com

Number of Employees


Location

  • Provident Financial Holdings, Inc.
  • 3756 Central Avenue
  • Riverside
  • California
  • 92506
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:50
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.