Provident Bancorp (NASDAQ:PVBC – Get Rating) will be releasing its earnings data on Monday, December 26th.
Provident Bancorp Trading Up 1.1 %
Shares of PVBC stock opened at $7.39 on Friday. Provident Bancorp has a 12-month low of $6.10 and a 12-month high of $19.21. The firm’s 50 day moving average is $9.45 and its 200 day moving average is $13.07. The stock has a market capitalization of $130.95 million, a P/E ratio of 6.37 and a beta of 0.65.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PVBC. Stephens cut shares of Provident Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 16th. TheStreet cut shares of Provident Bancorp from a “b-” rating to a “c+” rating in a report on Monday, November 21st.
Institutional Investors Weigh In On Provident Bancorp
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Provident Bancorp by 12.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 223,538 shares of the bank’s stock worth $3,200,000 after acquiring an additional 24,110 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Provident Bancorp by 14.6% during the 1st quarter. Renaissance Technologies LLC now owns 138,372 shares of the bank’s stock worth $2,244,000 after acquiring an additional 17,600 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Provident Bancorp by 6.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 74,559 shares of the bank’s stock worth $1,067,000 after acquiring an additional 4,709 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Provident Bancorp by 51.5% during the 2nd quarter. Millennium Management LLC now owns 49,169 shares of the bank’s stock worth $772,000 after acquiring an additional 16,719 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Provident Bancorp by 101.8% during the 2nd quarter. UBS Group AG now owns 21,976 shares of the bank’s stock worth $345,000 after acquiring an additional 11,088 shares during the last quarter. Hedge funds and other institutional investors own 47.99% of the company’s stock.
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.