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Provident Financial Holdings

Nasdaq:PROV
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PROV
Nasdaq
$97M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B. The last earnings update was 57 days ago. More info.


Add to Portfolio Compare Print
  • Provident Financial Holdings has significant price volatility in the past 3 months.
PROV Share Price and Events
7 Day Returns
-15.9%
NasdaqGS:PROV
-15.1%
US Mortgage
-3.8%
US Market
1 Year Returns
-38.1%
NasdaqGS:PROV
-37.9%
US Mortgage
-15.9%
US Market
PROV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Provident Financial Holdings (PROV) -15.9% -30% -41.5% -38.1% -32.1% -21.8%
US Mortgage -15.1% -37.2% -42.5% -37.9% -35% -23%
US Market -3.8% -17.4% -24.1% -15.9% 2.8% 13.5%
1 Year Return vs Industry and Market
  • PROV matched the Mortgage industry (-37.9%) over the past year.
  • PROV underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
PROV
Industry
5yr Volatility vs Market

PROV Value

 Is Provident Financial Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Provident Financial Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Provident Financial Holdings.

NasdaqGS:PROV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $17.67 * 4.1%
$0.73
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $17.67
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PROV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 21%) (138.81%))
1.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.18 * 5.44%)
8.16%

Discounted Cash Flow Calculation for NasdaqGS:PROV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Provident Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:PROV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.1% – 8.16%) * $17.67)
$-0.71
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.71 / (8.16% - 1.74%)
$-11.13
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $17.67 + $-11.13
$6.54
NasdaqGS:PROV Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.54
Current discount Discount to share price of $12.76
= -1 x ($12.76 - $6.54) / $6.54
-95.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Provident Financial Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Provident Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Provident Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PROV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.75
NasdaqGS:PROV Share Price ** NasdaqGS (2020-04-06) in USD $12.76
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.16x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Provident Financial Holdings.

NasdaqGS:PROV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PROV Share Price ÷ EPS (both in USD)

= 12.76 ÷ 0.75

17.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial Holdings is overvalued based on earnings compared to the US Mortgage industry average.
  • Provident Financial Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Provident Financial Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:PROV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
16.3%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.15x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*Line of best fit is calculated by linear regression .

NasdaqGS:PROV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.08x ÷ 16.3%

1.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Provident Financial Holdings's assets?
Raw Data
NasdaqGS:PROV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $16.54
NasdaqGS:PROV Share Price * NasdaqGS (2020-04-06) in USD $12.76
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.75x
United States of America Market PB Ratio Median Figure of 5,148 Publicly-Listed Companies 1.2x
NasdaqGS:PROV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PROV Share Price ÷ Book Value per Share (both in USD)

= 12.76 ÷ 16.54

0.77x

* Primary Listing of Provident Financial Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Provident Financial Holdings is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Provident Financial Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Provident Financial Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PROV Future Performance

 How is Provident Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Provident Financial Holdings expected to grow at an attractive rate?
  • Provident Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Provident Financial Holdings's earnings growth is expected to exceed the United States of America market average.
  • Provident Financial Holdings's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PROV Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PROV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 16.3%
NasdaqGS:PROV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -2.5%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PROV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PROV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30
2021-06-30 43 9 2
2020-06-30 43 9 2
2020-04-07
NasdaqGS:PROV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 45 64 6
2019-09-30 48 83 5
2019-06-30 51 107 4
2019-03-31 55 68 5
2018-12-31 57 49 7
2018-09-30 58 60 4
2018-06-30 59 28 2
2018-03-31 61 24 2
2017-12-31 62 72 1
2017-09-30 64 145 3
2017-06-30 68 83 5
2017-03-31 71 90 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Provident Financial Holdings's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
  • Provident Financial Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PROV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Provident Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PROV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 1.94 1.94 1.94 1.00
2021-06-30 1.27 1.59 1.10 3.00
2020-06-30 1.23 1.34 1.13 3.00
2020-04-07
NasdaqGS:PROV Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.75
2019-09-30 0.69
2019-06-30 0.59
2019-03-31 0.67
2018-12-31 0.93
2018-09-30 0.56
2018-06-30 0.28
2018-03-31 0.22
2017-12-31 0.14
2017-09-30 0.43
2017-06-30 0.66
2017-03-31 0.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Provident Financial Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Provident Financial Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Provident Financial Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PROV Past Performance

  How has Provident Financial Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Provident Financial Holdings's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Provident Financial Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Provident Financial Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Provident Financial Holdings's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
Provident Financial Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Provident Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PROV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 45.21 5.60 30.79
2019-09-30 47.85 5.16 33.75
2019-06-30 51.16 4.42 37.71
2019-03-31 54.53 5.03 41.04
2018-12-31 56.71 6.91 42.00
2018-09-30 57.57 4.18 43.45
2018-06-30 58.73 2.13 44.48
2018-03-31 60.88 1.70 46.13
2017-12-31 61.65 1.11 47.83
2017-09-30 64.41 3.39 49.55
2017-06-30 67.60 5.21 51.65
2017-03-31 71.33 6.80 53.09
2016-12-31 72.76 7.15 53.33
2016-09-30 71.04 6.63 52.90
2016-06-30 71.11 7.47 52.18
2016-03-31 70.60 7.40 52.10
2015-12-31 73.33 8.51 52.64
2015-09-30 75.74 9.86 52.67
2015-06-30 75.05 9.80 51.83
2015-03-31 73.49 9.41 50.68
2014-12-31 68.82 8.21 48.22
2014-09-30 66.56 7.48 47.20
2014-06-30 65.78 6.61 47.94
2014-03-31 74.61 9.77 51.31
2013-12-31 83.49 13.24 54.14
2013-09-30 96.58 18.58 57.81
2013-06-30 110.06 25.80 60.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Provident Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Provident Financial Holdings used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Provident Financial Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Provident Financial Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Provident Financial Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PROV Health

 How is Provident Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Provident Financial Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Provident Financial Holdings Company Filings, last reported 3 months ago.

NasdaqGS:PROV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 123.78 131.09 49.03
2019-09-30 122.17 131.09 55.32
2019-06-30 120.64 101.11 71.43
2019-03-31 121.21 101.35 62.10
2018-12-31 122.68 111.83 68.47
2018-09-30 121.68 111.18 80.29
2018-06-30 120.46 126.63 44.75
2018-03-31 120.60 111.67 52.16
2017-12-31 120.70 111.42 48.51
2017-09-30 124.92 121.26 50.92
2017-06-30 128.23 126.26 74.93
2017-03-31 131.59 112.34 128.20
2016-12-31 132.56 111.81 85.31
2016-09-30 133.22 147.68 42.84
2016-06-30 133.45 94.50 55.81
2016-03-31 135.65 93.02 115.28
2015-12-31 137.87 91.70 113.36
2015-09-30 139.25 92.95 159.45
2015-06-30 141.14 91.58 84.80
2015-03-31 141.86 134.58 35.98
2014-12-31 144.35 43.50 35.08
2014-09-30 144.96 41.92 87.74
2014-06-30 145.86 42.83 122.34
2014-03-31 149.96 51.49 194.97
2013-12-31 152.45 51.68 183.59
2013-09-30 157.16 60.88 160.39
2013-06-30 159.97 107.59 201.24
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Provident Financial Holdings has an acceptable proportion of non-loan assets held.
  • Provident Financial Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at Provident Financial Holdings are broadly funded by customer deposits.
  • Provident Financial Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Provident Financial Holdings has a sufficient allowance for bad loans.
  • Provident Financial Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Provident Financial Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Provident Financial Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PROV Dividends

 What is Provident Financial Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.39%
Current annual income from Provident Financial Holdings dividends. Estimated to be 4.44% next year.
If you bought $2,000 of Provident Financial Holdings shares you are expected to receive $88 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Provident Financial Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • Provident Financial Holdings's dividend is below the markets top 25% of dividend payers in United States of America (5.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PROV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PROV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30 0.57 3.00
2020-06-30 0.56 3.00
2020-04-07
NasdaqGS:PROV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-28 0.560 3.173
2019-10-30 0.560 2.580
2019-07-31 0.560 2.744
2019-04-30 0.560 2.703
2019-01-29 0.560 2.854
2018-10-25 0.560 3.365
2018-07-31 0.560 3.091
2018-04-27 0.560 3.029
2018-01-30 0.560 3.069
2017-10-24 0.560 2.958
2017-08-01 0.560 2.894
2017-04-28 0.520 2.712
2017-01-25 0.520 2.772
2016-10-25 0.520 2.647
2016-07-25 0.520 2.679
2016-04-27 0.480 2.644
2016-01-27 0.480 2.774
2015-10-22 0.480 2.637
2015-07-21 0.480 2.936
2015-04-28 0.480 2.813
2015-01-28 0.440 2.754
2014-10-30 0.440 2.919
2014-07-22 0.440 3.005
2014-04-29 0.400 2.785
2014-01-28 0.400 2.658
2013-10-30 0.400 2.715
2013-07-30 0.400 2.286
2013-04-30 0.280 1.748
2013-01-24 0.280 1.670
2012-07-25 0.200 1.365
2012-04-19 0.160 1.436
2012-01-24 0.160 1.561
2011-10-27 0.120 1.297
2011-07-21 0.120 1.417
2011-05-11 0.040 0.511
2011-02-10 0.040 0.486
2010-11-01 0.040 0.569
2010-10-27 0.040 0.597
2010-05-10 0.040 0.704
2010-01-29 0.040 1.057
2009-10-29 0.040 1.206
2009-07-23 0.040 0.511
2009-04-30 0.120 1.971

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Provident Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Provident Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Provident Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Provident Financial Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PROV Management

 What is the CEO of Provident Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Craig Blunden
COMPENSATION $1,345,703
AGE 71
TENURE AS CEO 24.3 years
CEO Bio

Mr. Craig G. Blunden has been Chief Executive Officer of Provident Savings Bank since 1991. Mr. Blunden has been the Chairman and Chief Executive Officer of Provident Financial Holdings, Inc. since its formation in 1996. He has been Associated with Provident Savings Bank since 1974. He served as the President of Provident Financial Holdings, Inc. since 1996 until June 2011 and Provident Savings Bank since 1991 to June 2011. He has been the Chairman of Provident Savings Bank since 1991, F.S.B. Mr. Blunden has experience in the financial services industry. He serves as a Treasurer of the Greater Riverside Chamber of Commerce. He has been a Director of Provident Savings Bank, F.S.B ('The Bank'), a subsidiary of Provident Financial Holdings Inc., since 1975. He serves on the Board of Directors of the Inland Empire Economic Partnership and the Greater Riverside Chambers of Commerce. He serves as a Director of American Bankers Association. He has been a Director of Provident Financial Holdings Inc., since 1975. He serves as a Director of The Riverside Economic Development Corporation and ABA Business Solutions Inc. He served as a Director of Federal Home Loan Bank of San Francisco since January 1, 2012. Mr. Blunden also serves on the Board of Directors of the Western Bankers Association.

CEO Compensation
  • Craig's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Craig's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Craig Blunden

TITLE
Chairman & CEO
COMPENSATION
$1M
AGE
71
TENURE
24.3 yrs

Donavon Ternes

TITLE
President
COMPENSATION
$1M
AGE
59
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Provident Financial Holdings board of directors in years:

23.3
Average Tenure
70
Average Age
  • The average tenure for the Provident Financial Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

William Thomas

TITLE
Independent Director
COMPENSATION
$74K
AGE
70
TENURE
23.3 yrs

Craig Blunden

TITLE
Chairman & CEO
COMPENSATION
$1M
AGE
71
TENURE
24.3 yrs

Roy Taylor

TITLE
Lead Independent Director
COMPENSATION
$83K
AGE
68
TENURE
4.5 yrs

Joseph Barr

TITLE
Independent Director
COMPENSATION
$82K
AGE
73
TENURE
19.3 yrs

Bruce Bennett

TITLE
Independent Director
COMPENSATION
$75K
AGE
70
TENURE
27.3 yrs

Debbi Guthrie

TITLE
Independent Director
COMPENSATION
$82K
AGE
68
TENURE
26.3 yrs

Judy Carpenter

TITLE
Independent Director
COMPENSATION
$74K
AGE
62
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Provident Financial Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 20 Buy Craig Blunden Individual 17. Mar 20 17. Mar 20 1,000 $13.58 $13,580
19. Mar 20 Buy William Thomas Individual 17. Mar 20 17. Mar 20 1,000 $13.72 $13,720
13. Mar 20 Buy William Thomas Individual 12. Mar 20 12. Mar 20 1,000 $15.00 $15,000
11. Mar 20 Buy William Thomas Individual 10. Mar 20 10. Mar 20 2,000 $17.06 $34,120
X
Management checks
We assess Provident Financial Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Provident Financial Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PROV News

Simply Wall St News

Should You Worry About Provident Financial Holdings, Inc.'s (NASDAQ:PROV) CEO Pay Cheque?

View our latest analysis for Provident Financial Holdings How Does Craig Blunden's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Craig Blunden takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … With a total shareholder return of 13% over three years, Provident Financial Holdings, Inc.

Simply Wall St -

Why It Might Not Make Sense To Buy Provident Financial Holdings, Inc. (NASDAQ:PROV) For Its Upcoming Dividend

Provident Financial Holdings's next dividend payment will be US$0.14 per share, and in the last 12 months, the company paid a total of US$0.56 per share. … Last year's total dividend payments show that Provident Financial Holdings has a trailing yield of 2.8% on the current share price of $20.11. … See our latest analysis for Provident Financial Holdings If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation.

Simply Wall St -

Does Provident Financial Holdings's (NASDAQ:PROV) Share Price Gain of 37% Match Its Business Performance?

Provident Financial Holdings's earnings per share are down 2.4% per year, despite strong share price performance over five years. … As it happens, Provident Financial Holdings's TSR for the last 5 years was 58%, which exceeds the share price return mentioned earlier. … A Different Perspective It's nice to see that Provident Financial Holdings shareholders have received a total shareholder return of 14% over the last year.

Simply Wall St -

Here's What Provident Financial Holdings, Inc.'s (NASDAQ:PROV) P/E Is Telling Us

We'll look at Provident Financial Holdings, Inc.'s (NASDAQ:PROV) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Provident Financial Holdings: P/E of 31.76 = $21.38 ÷ $0.67 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGS:PROV Price Estimation Relative to Market, July 12th 2019 Its relatively high P/E ratio indicates that Provident Financial Holdings shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

What Kind Of Investor Owns Most Of Provident Financial Holdings, Inc. (NASDAQ:PROV)?

Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … View our latest analysis for Provident Financial Holdings NasdaqGS:PROV Ownership Summary, June 24th 2019 What Does The Institutional Ownership Tell Us About Provident Financial Holdings? … Insider Ownership Of Provident Financial Holdings The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Can We See Significant Insider Ownership On The Provident Financial Holdings, Inc. (NASDAQ:PROV) Share Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$153m, Provident Financial Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Provident Financial Holdings NasdaqGS:PROV Ownership Summary, June 24th 2019 What Does The Institutional Ownership Tell Us About Provident Financial Holdings? … Insider Ownership Of Provident Financial Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is Provident Financial Holdings, Inc. (NASDAQ:PROV) A Great Dividend Stock?

For the purpose of this article, we only scrutinise the last decade of Provident Financial Holdings's dividend payments. … Conclusion To summarise, shareholders should always check that Provident Financial Holdings's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Provident Financial Holdings might not be a bad business, but it doesn't show all of the characteristics we look for in a dividend stock.

Simply Wall St -

3 Days Left To Cash In On Provident Financial Holdings, Inc. (NASDAQ:PROV) Dividend

Investors who want to cash in on Provident Financial Holdings, Inc.'s (NASDAQ:PROV) upcoming dividend of US$0.14 per share have only 3 days left to buy the shares before its ex-dividend date, 20 May 2019, in time for dividends payable on the 11 June 2019. … Check out our latest analysis for Provident Financial Holdings 5 questions to ask before buying a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … NasdaqGS:PROV Historical Dividend Yield, May 16th 2019 How well does Provident Financial Holdings fit our criteria?

Simply Wall St -

Who Has Been Selling Provident Financial Holdings, Inc. (NASDAQ:PROV) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Provident Financial Holdings, Inc. … Provident Financial Holdings Insider Transactions Over The Last Year. … Provident Financial Holdings insiders didn't buy any shares over the last year

Simply Wall St -

Should You Worry About Provident Financial Holdings, Inc.'s (NASDAQ:PROV) CEO Pay Cheque?

How Does Craig Blunden's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$149m, and pays its CEO total annual compensation worth US$522k. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO total compensation to be US$426k.

Simply Wall St -

PROV Company Info

Description

Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The company’s deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of multi-family, commercial real estate, construction, commercial business, and consumer loans. It also offers investment services comprising the sale of investment products, such as annuities and mutual funds; and trustee services for real estate transactions. The company operates through 12 full-service banking offices in Riverside County and 1 full-service banking office in San Bernardino County. Provident Financial Holdings, Inc. was founded in 1956 and is based in Riverside, California.

Details
Name: Provident Financial Holdings, Inc.
PROV
Exchange: NasdaqGS
Founded: 1956
$96,681,277
7,483,071
Website: http://www.myprovident.com
Address: Provident Financial Holdings, Inc.
3756 Central Avenue,
Riverside,
California, 92506,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PROV Common Stock Nasdaq Global Select US USD 28. Jun 1996
Number of employees
Current staff
Staff numbers
184
Provident Financial Holdings employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:42
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.