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Provident Bancorp, Inc is a banks-regional business based in the US. Provident Bancorp shares (PVBC) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||USD$7.1412 - USD$12.525|
|50-day moving average||USD$12.095|
|200-day moving average||USD$9.8809|
|Wall St. target price||USD$11.25|
|Dividend yield||USD$0.09 (0.73%)|
|Earnings per share (TTM)||USD$0.66|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Provident Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Provident Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Provident Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Provident Bancorp shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$52.4 million|
|Operating margin TTM||35.27%|
|Gross profit TTM||USD$52.4 million|
|Return on assets TTM||0.91%|
|Return on equity TTM||5.14%|
|Market capitalisation||USD$236 million|
TTM: trailing 12 months
There are currently 153,145 Provident Bancorp shares held short by investors – that's known as Provident Bancorp's "short interest". This figure is 12.5% up from 136,175 last month.
There are a few different ways that this level of interest in shorting Provident Bancorp shares can be evaluated.
Provident Bancorp's "short interest ratio" (SIR) is the quantity of Provident Bancorp shares currently shorted divided by the average quantity of Provident Bancorp shares traded daily (recently around 42305.248618785). Provident Bancorp's SIR currently stands at 3.62. In other words for every 100,000 Provident Bancorp shares traded daily on the market, roughly 3620 shares are currently held short.
However Provident Bancorp's short interest can also be evaluated against the total number of Provident Bancorp shares, or, against the total number of tradable Provident Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Provident Bancorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Provident Bancorp shares in existence, roughly 10 shares are currently held short) or 0.0092% of the tradable shares (for every 100,000 tradable Provident Bancorp shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Provident Bancorp.
Find out more about how you can short Provident Bancorp stock.
Dividend payout ratio: 17.91% of net profits
Recently Provident Bancorp has paid out, on average, around 17.91% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Provident Bancorp shareholders could enjoy a 0.97% return on their shares, in the form of dividend payments. In Provident Bancorp's case, that would currently equate to about $0.09 per share.
While Provident Bancorp's payout ratio might seem low, this can signify that Provident Bancorp is investing more in its future growth.
Provident Bancorp's most recent dividend payout was on 26 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 February 2021 (the "ex-dividend date").
Provident Bancorp's shares were split on a 2021:1000 basis on 17 October 2019. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 2021 shares. This wouldn't directly have changed the overall worth of your Provident Bancorp shares – just the quantity. However, indirectly, the new 50.5% lower share price could have impacted the market appetite for Provident Bancorp shares which in turn could have impacted Provident Bancorp's share price.
Over the last 12 months, Provident Bancorp's shares have ranged in value from as little as $7.1412 up to $12.525. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Provident Bancorp's is 1.0342. This would suggest that Provident Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Provident Bancorp, Inc. operates as a holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit. As of December 31, 2019, it operated through its main office and six branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire, as well as four loan production offices located in Boston and Dedham, Massachusetts, and Nashua and Portsmouth, New Hampshire. Provident Bancorp, Inc. was founded in 1828 and is headquartered in Amesbury, Massachusetts.
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