Provident Financial Holdings (PROV) Releases Earnings Results, Beats Expectations By $0.06 EPS

Provident Financial Holdings (PROV) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.28. During the same quarter in the previous year, the company posted $0.28 EPS.

Provident Financial Holdings opened for trading at $18.58 and hit $18.94 on the upside on Wednesday, eventually ending the session at $18.9, with a gain of 0.59% or 0.11 points. The heightened volatility saw the trading volume jump to 31,290 shares. Company has a market cap of $155 M.

In a different news, on Jun 8, 2016, Richard L Gale (Senior Vice President) sold 91 shares at $18.50 per share price. According to the SEC, on Feb 17, 2016, Debbi Guthrie (director) sold 8,200 shares at $16.87 per share price. On Sep 23, 2015, Judy A Carpenter (director) purchased 1,200 shares at $16.96 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Provident Financial Holdings

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