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Provident Bancorp NasdaqCM:PVBC Stock Report

Last Price


Market Cap







10 Aug, 2022


Company Financials +
PVBC fundamental analysis
Snowflake Score
Future Growth5/6
Past Performance5/6
Financial Health6/6

PVBC Stock Overview

Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States.

Provident Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Provident Bancorp
Historical stock prices
Current Share PriceUS$14.86
52 Week HighUS$20.14
52 Week LowUS$14.47
1 Month Change-3.32%
3 Month Change-2.04%
1 Year Change-10.21%
3 Year Change10.63%
5 Year Change44.40%
Change since IPO133.74%

Recent News & Updates

Aug 10

Provident Bancorp goes ex-dividend tomorrow

Provident Bancorp (NASDAQ:PVBC) had declared $0.04/share quarterly dividend, in line with previous. Payable Aug. 26; for shareholders of record Aug. 12; ex-div Aug. 11. See PVBC Dividend Scorecard, Yield Chart, & Dividend Growth.

Aug 02
Provident Bancorp (NASDAQ:PVBC) Has Affirmed Its Dividend Of $0.04

Provident Bancorp (NASDAQ:PVBC) Has Affirmed Its Dividend Of $0.04

The board of Provident Bancorp, Inc. ( NASDAQ:PVBC ) has announced that it will pay a dividend on the 26th of August...

Jul 28

Provident Bancorp Q2 GAAP EPS, revenue up Y/Y

Provident Bancorp press release (NASDAQ:PVBC): Q2 GAAP EPS of $0.33 (vs. $0.18). Revenue, including dividend income, of $20.16M (+4.7% Y/Y).

Shareholder Returns

PVBCUS MortgageUS Market

Return vs Industry: PVBC exceeded the US Mortgage industry which returned -23.6% over the past year.

Return vs Market: PVBC exceeded the US Market which returned -13.5% over the past year.

Price Volatility

Is PVBC's price volatile compared to industry and market?
PVBC volatility
PVBC Average Weekly Movement3.9%
Mortgage Industry Average Movement3.6%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: PVBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PVBC's weekly volatility (4%) has been stable over the past year.

About the Company

1828175Dave Mansfield

Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, mortgage warehouse, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit; and invests in securities, and state and municipal bonds.

Provident Bancorp Fundamentals Summary

How do Provident Bancorp's earnings and revenue compare to its market cap?
PVBC fundamental statistics
Market CapUS$258.88m
Earnings (TTM)US$19.82m
Revenue (TTM)US$71.82m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVBC income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$71.82m
Other ExpensesUS$52.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)1.14
Gross Margin100.00%
Net Profit Margin27.60%
Debt/Equity Ratio38.1%

How did PVBC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does PVBC pay a reliable dividends?

See PVBC dividend history and benchmarks
When do you need to buy PVBC by to receive an upcoming dividend?
Provident Bancorp dividend dates
Ex Dividend DateAug 11 2022
Dividend Pay DateAug 26 2022
Days until Ex dividend0 days
Days until Dividend pay date15 days

Does PVBC pay a reliable dividends?

See PVBC dividend history and benchmarks
We’ve recently updated our valuation analysis.


Is PVBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PVBC?

Other financial metrics that can be useful for relative valuation.

PVBC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does PVBC's PE Ratio compare to its peers?

PVBC PE Ratio vs Peers
The above table shows the PE ratio for PVBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.6x
FSBW FS Bancorp
OPBK OP Bancorp
HBCP Home Bancorp
WNEB Western New England Bancorp
PVBC Provident Bancorp

Price-To-Earnings vs Peers: PVBC is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (7.6x).

Price to Earnings Ratio vs Industry

How does PVBC's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: PVBC is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the US Mortgage industry average (11.7x)

Price to Earnings Ratio vs Fair Ratio

What is PVBC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PVBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: PVBC is good value based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Share Price vs Fair Value

What is the Fair Price of PVBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PVBC ($14.86) is trading above our estimate of fair value ($8.43)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVBC's forecast earnings growth (20.6% per year) is above the savings rate (1.9%).

Earnings vs Market: PVBC's earnings (20.6% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: PVBC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PVBC's revenue (20.4% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: PVBC's revenue (20.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PVBC's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Provident Bancorp performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PVBC has high quality earnings.

Growing Profit Margin: PVBC's current net profit margins (27.6%) are higher than last year (25.5%).

Past Earnings Growth Analysis

Earnings Trend: PVBC's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: PVBC's earnings growth over the past year (32.4%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: PVBC earnings growth over the past year (32.4%) exceeded the Mortgage industry 1.7%.

Return on Equity

High ROE: PVBC's Return on Equity (8.3%) is considered low.

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Financial Health

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

Financial Health Score


Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: PVBC's Assets to Equity ratio (7.5x) is low.

Allowance for Bad Loans: PVBC has a sufficient allowance for bad loans (3120%).

Low Risk Liabilities: 93% of PVBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PVBC has an appropriate level of Loans to Assets ratio (85%).

Low Risk Deposits: PVBC's Loans to Deposits ratio (105%) is appropriate.

Level of Bad Loans: PVBC has an appropriate level of bad loans (0%).

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What is Provident Bancorp current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PVBC's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: PVBC's dividend (1.08%) is low compared to the top 25% of dividend payers in the US market (4.09%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PVBC has been paying a dividend for less than 10 years.

Growing Dividend: PVBC's dividend payments have increased, but the company has only paid a dividend for 2 years.

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.3%), PVBC's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

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


Average management tenure


Dave Mansfield (60 yo)





Mr. David P. Mansfield, also known as Dave, has been the Chief Executive Officer and President of Provident Bancorp, Inc. since May 2013. Mr. Mansfield served as the Chief Financial Officer of Provident Ba...

CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD913.56K) is below average for companies of similar size in the US market ($USD1.68M).

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

Leadership Team

Experienced Management: PVBC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Experienced Board: PVBC's board of directors are considered experienced (5.9 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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.3%.

Top Shareholders

Company Information

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

Key Information

  • Name: Provident Bancorp, Inc.
  • Ticker: PVBC
  • Exchange: NasdaqCM
  • Founded: 1828
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$258.876m
  • Shares outstanding: 17.42m
  • Website:

Number of Employees


  • Provident Bancorp, Inc.
  • 5 Market Street
  • Amesbury
  • Massachusetts
  • 1913
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Annual Earnings2021/12/31

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.