PROVIDENT BANCORP INC(NASDAQ:PVBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 14, 2016. Earnings per share were $0.15.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, Wayne S Tatro (director) purchased 80 shares at $14.09 per share price.Also, On Jul 17, 2015, Richard L Peeke (director) purchased 5,000 shares at $10.00 per share price.On Jul 17, 2015, Carol L Houle (CFO) purchased 15,000 shares at $10.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Provident Bancorp Inc. is the holding company of The Provident Bank (The Bank). The Provident Bank is a Massachusetts-chartered stock savings bank. The Company operates from its main office and approximately two branch offices in the Northeastern Massachusetts area and approximately four branch offices in Southeastern New Hampshire as well as approximately two loan production offices located in Bedford New Hampshire and Nashua New Hampshire. The Bank’s loan portfolio consists of commercial real estate loans multi-family residential real estate loans commercial business loans construction and land development loans one- to four-family residential loans home equity loans and lines of credit and consumer loans. At March 31 2015 net loans were approximately $493.5 million or 74.5% of total assets. As of December 31 2014 multi-family real estate loans were approximately $26.2 million or 5.2% of the Bank’s total loan portfolio.