Provident Finl Hldgs Inc Stock Price, News & Analysis

Provident Financial Holdings, Inc. (NASDAQ: PROV) has extended its stock repurchase plan for one year or until completed, as of April 27, 2021. The Board of Directors authorized the repurchase of 317,108 shares, which will be acquired through open market transactions or private negotiations based on market conditions and available cash. This move aims to bolster shareholder value amidst ongoing financial assessments.

Provident Financial Holdings, Inc. (NASDAQ GS: PROV) announced a quarterly cash dividend of $0.14 per share, with shareholders entitled to receive the dividend if they own stock by the close of business on May 18, 2021. The dividend will be paid on June 8, 2021. This decision reflects the company’s commitment to returning value to its shareholders amidst a stable operating environment.

Provident Financial Holdings reported a net income of $1.56 million for Q3 of fiscal 2021, translating to $0.21 per diluted share. Compared to $1.14 million a year ago, earnings increased due to improved loan loss provisions and reduced non-interest expenses, despite a decline in net interest income of 16%. Total loans decreased by 9% to $843.4 million, while total deposits rose by 5% to $933.8 million. The company maintained a healthy return on assets of 0.53% and return on equity of 4.99%.

Provident Financial Holdings, Inc. (Nasdaq GS: PROV) will announce its fiscal Q3 2021 earnings on April 27, 2021, at 3:00 a.m. Pacific. A conference call for institutional investors and bank analysts will be held on April 28, 2021, at 9:00 a.m. Pacific to discuss these results. Investors can access the call by dialing 1-877-226-8189 with access code 1087920. An audio replay will be available until May 5, 2021. This upcoming release and call is crucial for stakeholders to assess the company's financial performance and outlook.

Provident Bank has announced a $50,000 contribution to 15 local nonprofits, aided by a $25,000 matching grant from FHLBank San Francisco. This initiative, part of their Community Partnership Program, aims to support COVID-19 relief efforts. Craig G. Blunden, CEO, expressed gratitude for the partnership, highlighting its importance in helping low-income families and seniors affected by the pandemic. Provident Bank operates 13 branches in the Inland Empire and holds assets of approximately $1.17 billion.

Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share. Shareholders holding common stock as of February 18, 2021 are entitled to this dividend, which will be payable on March 11, 2021. This significant move reflects the company's confidence in its financial stability and aims to reward its shareholders.

Provident Financial Holdings, Inc. (PROV) reported a net income of $1.18 million for the December 2020 quarter, down from $2.40 million in the same period last year. Earnings per diluted share were $0.16, a 20% decline sequentially. Non-interest income decreased 28% to $974,000, attributed to reduced loan servicing fees. Total loans decreased 5% to $855.1 million, while total deposits rose 2% to $910 million. The efficiency ratio increased to 80%, indicating higher costs relative to income.

Provident Financial Holdings, Inc. (Nasdaq GS: PROV) will announce its second-quarter fiscal 2021 earnings on January 27, 2021, at 7:00 p.m. Pacific Time. A conference call for institutional investors and bank analysts will follow on January 28, 2021, at 9:00 a.m. Pacific Time, providing insights into the financial results. Investors can access the call by dialing 1-877-692-8955 with the access code 9568794. An audio replay will be available until February 4, 2021, by calling 1-866-207-1041 and using access code 8567286.

Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share, set to be paid on December 10, 2020. Shareholders on record as of the close of business on November 19, 2020 will qualify for this cash dividend. This announcement reflects the Company’s commitment to returning value to its shareholders amidst a complex business environment shaped by regulatory conditions and competitive dynamics.