Alert: Negative Investment/Fundamental Signals (4/11/24)-Provident Bancorp Inc (NASDAQ: PVBC)

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Recent exceptional negative changes in investment behavior have affected Provident Bancorp Inc (NASDAQ: PVBC): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.

Provident Bancorp Inc (NASDAQ: PVBC) suffers from slight negative changes in fundamentals: the stock’s power rating fell below 50.

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

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Current PriceTarget Research Rating

PVBC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Provident Bancorp has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Provident Bancorp has a neutral Power Rating of 47 and a neutral Appreciation Score of 47, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

Provident Bancorp Inc (NASDAQ: PVBC) stock declined by -4.8% on 4/11/24. The shares closed at $8.03. Moreover, this decline was accompanied by exceptionally high trading volume at 212% of normal. The stock has performed in line with the market over the last nine months and has declined -9.3% during the last week.

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