Short traders are feeling a little more bearish on shares of the company recently if you look at the motion in short interest. The stock recorded a rise in short interest of 70.41% between August 15, 2017 and August 31, 2017. Short interest increased 27,532 over that period. Days to cover increased from 4.0 to 6.0 and the short interest percentage is 0.01% as of August 31.
These firms have modified their investment in PROV. As of the end of the quarter Ubs Group Ag had bought a total of 812 shares growing its holdings by 96.2%. The value in dollars went from $16,000 to $32,000 increasing 100.0% quarter over quarter. Tower Research Capital LLC (trc) bolstered its holdings by buying 299 shares an increase of 114.1% from 12/31/2016 to 06/30/2017. Tower Research Capital LLC (trc) owns 561 shares with a value of $11,000. The value of the position overall is up by 120.0%.
Creative Planning trimmed its stake by shedding 500 shares a decrease of 71.4% as of 06/30/2017. Creative Planning now holds 200 shares worth $4,000. The total value of its holdings decreased 69.2%. As of quarter end Stilwell Value LLC had disposed of 150,800 shares trimming its stake by 24.9%. The value of the investment in Provident Financial Holdings, I decreased from $11,288,000 to $8,748,000 a change of $2,540,000 quarter to quarter.
The company is trading down by 0.30% percent from yesterday’s close. The company also declared a dividend that was paid on Monday the 11th of September 2017. The dividend payment was $0.140 per share for the quarter or $0.56 annualized. This dividend represents a yield of $2.84. The ex-dividend date was set for Thursday the 17th of August 2017.
Company shares last traded at $19.65 just above $19.20, the 50 day moving average and which is marginally higher than the 200 day moving average of $19.06. The 50 day moving average was up $0.45 and the 200 day average was up $0.59.
Provident Financial Holdings, I currently has a P/E ratio of 30.70 and market cap is 151.21M. As of the latest earnings report the EPS was $0.64 and is expected to be $0.95 for the current year with 7,695,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.20 with next year’s EPS anticipated to be $1.01.
Provident Financial Holdings, Inc., launched on January 10, 1996, is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans. PBM operations primarily consist of the origination, purchase and sale of mortgage loans secured by single-family residences. The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California..