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$15.62|
|52 Week High||US$7.50|
|52 Week Low||US$18.90|
|1 Month Change||-5.16%|
|3 Month Change||-5.73%|
|1 Year Change||95.99%|
|3 Year Change||7.94%|
|5 Year Change||96.46%|
|Change since IPO||145.69%|
Recent News & Updates
Here's Why I Think Provident Bancorp (NASDAQ:PVBC) Might Deserve Your Attention Today
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Provident Bancorp goes ex-dividend tomorrow
Provident Bancorp (PVBC) had declared $0.04/share quarterly dividend, 33.3% increase from prior dividend of $0.03.Payable May 21; for shareholders of record May 7; ex-div May 6.See PVBC Dividend Scorecard, Yield Chart, & Dividend Growth.
|PVBC||US Mortgage||US Market|
Return vs Industry: PVBC exceeded the US Mortgage industry which returned 14% over the past year.
Return vs Market: PVBC exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: PVBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PVBC's weekly volatility (2%) 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.
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 ($15.62) is trading above our estimate of fair value ($7.67)
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 (14.5x) compared to the US Mortgage industry average (12x).
PE vs Market: PVBC is good value based on its PE Ratio (14.5x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PVBC is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: PVBC is good value based on its PB Ratio (0.9x) compared to the US Mortgage industry average (1.1x).
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 forecast earnings growth (6.5% per year) is above the savings rate (2%).
Earnings vs Market: PVBC's earnings (6.5% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: PVBC's earnings are forecast to grow, but not significantly.
Revenue vs Market: PVBC's revenue (7.5% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PVBC's revenue (7.5% 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 (25.5%) are higher than last year (23.4%).
Past Earnings Growth Analysis
Earnings Trend: PVBC's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: PVBC's earnings growth over the past year (42%) exceeds its 5-year average (17.5% per year).
Earnings vs Industry: PVBC earnings growth over the past year (42%) exceeded the Mortgage industry 36.9%.
Return on Equity
High ROE: PVBC's Return on Equity (6.5%) 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 (6.8x) is low.
Allowance for Bad Loans: PVBC has a sufficient allowance for bad loans (416%).
Low Risk Liabilities: 98% 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 (84%).
Low Risk Deposits: PVBC's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: PVBC has an appropriate level of bad loans (0.3%).
What is Provident Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PVBC's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: PVBC's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.6%).
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: With its low payout ratio (15.2%), PVBC's dividend payments are well 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 (59 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 ($USD3.00M) is above average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.
Experienced Management: PVBC's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: PVBC's board of directors are considered experienced (5.3 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 not been meaningfully diluted in the past year.
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
- Market Cap: US$217.635m
- Shares outstanding: 13.93m
- 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||2021/09/19 22:15|
|End of Day Share Price||2021/09/17 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.