Provident Financial Holdings announced a quarterly cash dividend of $0.14 per share, payable March 6, 2025.
Quiver AI Summary
Provident Financial Holdings, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share for shareholders of record as of February 13, 2025. The dividend will be payable on March 6, 2025. The announcement also included a safe-harbor statement regarding forward-looking statements that may involve risks and uncertainties related to business performance, market conditions, and regulatory changes. These statements are based on current management expectations, and actual results may differ due to various factors outlined in the company's filings with the Securities and Exchange Commission.
Potential Positives
- The Board of Directors has declared a quarterly cash dividend of $0.14 per share, providing a direct financial return to shareholders.
- Shareholders of record as of February 13, 2025, will benefit from the cash dividend, which may enhance shareholder confidence and attract potential investors.
- The upcoming dividend payment scheduled for March 6, 2025, reflects the company's commitment to returning capital to shareholders and demonstrates financial stability.
Potential Negatives
- Announcing a relatively low cash dividend of $0.14 per share may signal to investors that the company is not generating sufficient profits or cash flow to increase shareholder returns.
- The forward-looking statements indicate that the company faces significant risks and uncertainties, including those related to the California real estate market and competitive pressures, which may deter potential investors.
FAQ
What is the recent dividend declared by Provident Financial Holdings?
Provident Financial Holdings declared a quarterly cash dividend of $0.14 per share.
When will the cash dividend be payable?
The cash dividend will be payable on March 6, 2025.
Who is eligible for the dividend payout?
Shareholders of common stock at the close of business on February 13, 2025, are entitled to receive the dividend.
What does the safe-harbor statement mean?
The safe-harbor statement indicates that certain statements may involve risks and uncertainties regarding future performance.
Where can I find more information about potential risks?
More information about potential risks can be found in the Company's reports filed with the SEC, including the Annual Report on Form 10-K.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PROV Insider Trading Activity
$PROV insiders have traded $PROV stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PROV stock by insiders over the last 6 months:
- CRAIG G BLUNDEN sold 1,059 shares for an estimated $16,488
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PROV Hedge Fund Activity
We have seen 6 institutional investors add shares of $PROV stock to their portfolio, and 17 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAIRD FINANCIAL GROUP, INC. removed 164,062 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,354,289
- M3F, INC. removed 94,692 shares (-15.9%) from their portfolio in Q3 2024, for an estimated $1,358,830
- FOURTHSTONE LLC added 69,050 shares (+inf%) to their portfolio in Q3 2024, for an estimated $990,867
- BLACK MAPLE CAPITAL MANAGEMENT LP added 14,052 shares (+96.8%) to their portfolio in Q3 2024, for an estimated $201,646
- CONTINENTAL ADVISORS LLC removed 12,055 shares (-20.7%) from their portfolio in Q3 2024, for an estimated $172,989
- BLACKROCK, INC. removed 11,110 shares (-3.9%) from their portfolio in Q3 2024, for an estimated $159,428
- MANUFACTURERS LIFE INSURANCE COMPANY, THE removed 8,322 shares (-2.6%) from their portfolio in Q3 2024, for an estimated $119,420
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RIVERSIDE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Company’s common stock at the close of business on February 13, 2025 will be entitled to receive the cash dividend. The cash dividend will be payable on March 6, 2025.
Safe-Harbor Statement
Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024.
Contacts:
Donavon P. Ternes
President and
Chief Executive Officer
TamHao B. Nguyen
Senior Vice President and
Chief Financial Officer
(951) 686-6060
