Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B.
Provident Financial Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$16.83|
|52 Week High||US$11.40|
|52 Week Low||US$18.48|
|1 Month Change||-1.32%|
|3 Month Change||2.87%|
|1 Year Change||39.09%|
|3 Year Change||-8.33%|
|5 Year Change||-14.66%|
|Change since IPO||245.22%|
Recent News & Updates
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...
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...
|PROV||US Mortgage||US Market|
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.
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
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
|PROV fundamental statistics|
Is PROV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PROV income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.01|
|Net Profit Margin||21.05%|
How did PROV perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Provident Financial Holdings undervalued compared to its fair value and its price relative to the market?
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.
How is Provident Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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%).
How has Provident Financial Holdings performed over the past 5 years?
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.
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
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%).
What is Provident Financial Holdings's current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Craig Blunden (73 yo)
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.
Experienced Board: PROV's board of directors are seasoned and experienced ( 24.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Provident Financial Holdings, Inc.'s employee growth, exchange listings and data sources
- 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
- Provident Financial Holdings, Inc.
- 3756 Central Avenue
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:50|
|End of Day Share Price||2021/09/16 00:00|
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.