Provident Bancorp (NASDAQ:PVBC – Get Free Report) released its earnings results on Thursday. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.24, Zacks reports. Provident Bancorp had a net margin of 5.53% and a return on equity of 2.36%.
Provident Bancorp Stock Performance
Shares of PVBC opened at $10.92 on Friday. The company has a market cap of $193.61 million, a price-to-earnings ratio of 34.13 and a beta of 0.48. The business’s fifty day simple moving average is $11.30 and its two-hundred day simple moving average is $10.90. Provident Bancorp has a 12 month low of $7.36 and a 12 month high of $12.32. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04.
Analyst Upgrades and Downgrades
Separately, Stephens lifted their price target on Provident Bancorp from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th.
About Provident Bancorp
Provident Bancorp, Inc is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc, a Massachusetts corporation, and the holding company for The Provident Bank. The Provident Bank, a subsidiary of Provident Bancorp, Inc is an innovative, commercial bank that finds solutions for its business and private clients.
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