Alert: Positive Investment/Fundamental Signals (12/22/23)-Provident Financial Holdings Inc (NASDAQ: PROV)


Recent extremely meaningful positive changes in investment behavior have benefitted Provident Financial Holdings Inc (NASDAQ: PROV): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Provident Financial Holdings Inc (NASDAQ: PROV) has recently enjoyed notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, PROV is expected to be Value Creation neutral.

Provident Financial Holdings has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Provident Financial Holdings has a good Appreciation Score of 73 but a slightly negative Power Rating of 38, with the Neutral Value Trend Rating the result.

Recent Price Action

On 12/22/23, Provident Financial Holdings Inc (NASDAQ: PROV) stock enjoyed a very large increase of 6.5%, closing at $12.89. Moreover, exceptionally high trading volume at 533% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 6.6% during the last week.

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