Revenue Update on Provident Financial Holdings(NASDAQ:PROV)

Provident Financial Holdings(NASDAQ:PROV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $19.35M. Analysts estimated a revenue of $17.44M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.23.

Provident Financial Holdings (PROV) made into the market gainers list on Fridays trading session with the shares advancing 1.46% or 0.28 points. Due to strong positive momentum, the stock ended at $19.49, which is also near the day’s high of $19.505. The stock began the session at $19.25 and the volume stood at 69,215 shares. The 52-week high of the shares is $20 and the 52 week low is $15.51. The company has a current market capitalization of $159 M and it has 81,75,848 shares in outstanding.

Provident Financial Holdings has also declared a cash dividend of $0.1300 on Jul 25, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 5, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Richard L Gale (Senior Vice President) sold 91 shares at $18.50 per share price.Also, 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.

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