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
|Historical stock prices|
|Current Share Price||US$14.86|
|52 Week High||US$20.14|
|52 Week Low||US$14.47|
|1 Month Change||-3.32%|
|3 Month Change||-2.04%|
|1 Year Change||-10.21%|
|3 Year Change||10.63%|
|5 Year Change||44.40%|
|Change since IPO||133.74%|
Recent News & Updates
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.
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...
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).
|PVBC||US Mortgage||US 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.
|PVBC Average Weekly Movement||3.9%|
|Mortgage Industry Average Movement||3.6%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.2%|
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
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
|PVBC fundamental statistics|
Is PVBC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PVBC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.14|
|Net Profit Margin||27.60%|
How did PVBC perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Does PVBC pay a reliable dividends?See PVBC dividend history and benchmarks
|Provident Bancorp dividend dates|
|Ex Dividend Date||Aug 11 2022|
|Dividend Pay Date||Aug 26 2022|
|Days until Ex dividend||0 days|
|Days until Dividend pay date||15 days|
Does PVBC pay a reliable dividends?See PVBC dividend history and benchmarks
Is PVBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is PVBC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PVBC's PE Ratio compare to its peers?
|PVBC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
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.
|Current PE Ratio||13.1x|
|Fair PE Ratio||14.8x|
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.
Discover undervalued companies
How is Provident Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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
Discover growth companies
How has Provident Bancorp performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
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.
Discover strong past performing companies
How is Provident Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
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%).
Discover healthy companies
What is Provident Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 1/6
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.
Discover strong dividend paying companies
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.
Experienced Management: PVBC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.3%.
Provident Bancorp, Inc.'s employee growth, exchange listings and data sources
- 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: https://www.bankprov.com
Number of Employees
- Provident Bancorp, Inc.
- 5 Market Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 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.