Stilwell Value buys $12.7 Million stake in Provident Financial Holdings (PROV)

Provident Financial Holdings (PROV) : Stilwell Value scooped up 5,000 additional shares in Provident Financial Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 700,825 shares of Provident Financial Holdings which is valued at $12.7 Million.Provident Financial Holdings makes up approximately 8.51% of Stilwell Value’s portfolio.

Other Hedge Funds, Including , Elizabeth Park Capital Advisors Ltd. reduced its stake in PROV by selling 75,100 shares or 45.26% in the most recent quarter. The Hedge Fund company now holds 90,829 shares of PROV which is valued at $1.6 Million. Provident Financial Holdings makes up approx 0.64% of Elizabeth Park Capital Advisors Ltd.’s portfolio. Fuller Thaler Asset Management added PROV to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $7,232.Blackrock Fund Advisors reduced its stake in PROV by selling 7,297 shares or 26.76% in the most recent quarter. The Hedge Fund company now holds 19,975 shares of PROV which is valued at $361,148. Alpine Woods Capital Investors sold out all of its stake in PROV during the most recent quarter. The investment firm sold 19,651 shares of PROV which is valued $355,290.

Provident Financial Holdings closed down -0.05 points or -0.28% at $18.06 with 7,433 shares getting traded on Wednesday. Post opening the session at $18.11, the shares hit an intraday low of $17.98 and an intraday high of $18.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Provident Financial Holdings reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.17.Analysts expectations of $ 16.44.During the same quarter in the previous year, the company posted $0.29 EPS.

Provident Financial Holdings Inc. is a holding company of Provident Savings Bank F.S.B. (the Bank). The Company operates through two segments: Provident Bank and Provident Bank Mortgage. The Company’s Provident Bank offers community banking activities. Provident Bank Mortgage offers mortgage banking activities. The Company’s community banking activities 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 real estate loans. The Company’s mortgage banking activities consist of the origination purchase and sale of mortgage loans secured primarily 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.

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