Provident Bancorp, Inc. operates as a holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States.
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Provident Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PVBC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PVBC underperformed the US Mortgage industry which returned -23.2% over the past year.
Return vs Market: PVBC underperformed the US Market which returned 4.3% over the past year.
Price Volatility Vs. Market
How volatile is Provident Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Provident Bancorp, Inc. (NASDAQ:PVBC) A Volatile Stock?
1 month ago | Simply Wall StWhat Did Provident Bancorp, Inc.'s (NASDAQ:PVBC) CEO Take Home Last Year?
1 month ago | Simply Wall StShould Provident Bancorp, Inc. (NASDAQ:PVBC) Be Part Of Your Dividend Portfolio?
Is Provident Bancorp 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: PVBC ($7.74) is trading above our estimate of fair value ($4.9)
Significantly Below Fair Value: PVBC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PVBC is poor value based on its PE Ratio (14x) compared to the Mortgage industry average (11.1x).
PE vs Market: PVBC is good value based on its PE Ratio (14x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: PVBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PVBC is good value based on its PB Ratio (0.6x) compared to the US Mortgage industry average (0.8x).
How is Provident Bancorp 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: PVBC's earnings are forecast to decline over the next 3 years (-111.9% per year).
Earnings vs Market: PVBC's earnings are forecast to decline over the next 3 years (-111.9% per year).
High Growth Earnings: PVBC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PVBC's revenue (4.9% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: PVBC's revenue (4.9% per year) is forecast to grow slower 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
How has Provident Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PVBC has high quality earnings.
Growing Profit Margin: PVBC's current net profit margins (23.2%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: PVBC's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: PVBC's earnings growth over the past year (3.1%) is below its 5-year average (21.2% per year).
Earnings vs Industry: PVBC earnings growth over the past year (3.1%) underperformed the Mortgage industry 4.5%.
Return on Equity
High ROE: PVBC's Return on Equity (4.2%) is considered low.
How is Provident Bancorp'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: PVBC's Assets to Equity ratio (5.4x) is low.
Allowance for Bad Loans: PVBC has a low allowance for bad loans (67%).
Low Risk Liabilities: 86% 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 (89%).
Low Risk Deposits: PVBC's Loans to Deposits ratio (126%) is high.
Level of Bad Loans: PVBC has a high level of bad loans (2.2%).
What is Provident Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PVBC's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: PVBC's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (4.49%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether PVBC's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PVBC's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Mansfield (58yo)
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 ($USD784.59K) is about average for companies of similar size in the US market ($USD606.89K).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|Executive VP||6.75yrs||US$481.48k||0.72% $1.0m|
|Corporate Secretary||no data||no data||no data|
|Chief Administrative Officer of Provident Bank||4.58yrs||no data||no data|
Experienced Management: PVBC's management team is seasoned and experienced (6.8 years average tenure).
|Independent Director||3.33yrs||US$26.25k||0.50% $697.9k|
|Independent Director||17.5yrs||US$40.63k||0.11% $157.6k|
|Independent Director||22.5yrs||US$44.25k||0.22% $305.7k|
|Independent Director||4.17yrs||US$35.50k||0.093% $130.7k|
|Independent Director||4.17yrs||US$32.00k||0.50% $697.0k|
|Independent Director||3.83yrs||US$32.00k||0.061% $85.4k|
|Independent Chairman of the Board||1.25yrs||US$38.50k||0.34% $469.3k|
|Independent Director||0.58yr||US$158.46k||0.044% $61.2k|
Experienced Board: PVBC's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PVBC 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 Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Provident Bancorp, Inc.
- Ticker: PVBC
- Exchange: NasdaqCM
- Founded: 1828
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$140.091m
- Shares outstanding: 18.10m
- Website: https://www.theprovidentbank.com
Number of Employees
- Provident Bancorp, Inc.
- 5 Market Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PVBC||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jul 2015|
Provident Bancorp, Inc. operates as a holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, 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, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit. As of December 31, 2018, it operated through its main office and seven branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Hampton, Portsmouth, and Seabrook, New Hampshire, as well as four loan production offices located in Boston and Dedham, Massachusetts, and Nashua and Portsmouth, New Hampshire. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 00:12|
|End of Day Share Price||2020/07/02 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.