Provident Bancorp, Inc. (PVBC)
Financial Analysis and Stock Price Prediction
Overview:
Provident Bancorp, Inc. is a bank holding company for BankProv, offering various financial services to individuals and small businesses in the United States. The company provides a range of deposit accounts, including checking, term certificate, NOW, money market, and savings accounts. It also offers a variety of loan products, such as commercial business loans, commercial real estate loans, multi-family residential real estate loans, construction and land development loans, mortgage warehouse loans, one- to four-family residential loans, and consumer loans.
Stock Performance:
- Previous Close: $8.85
- Open: $8.85
- Day's Range: $8.67 – $8.86
- 52-Week Range: $5.76 – $11.52
- Market Cap: $154.5 million
- Average Volume: 29,322 shares
Financial Summary:
- Total Cash: $220.3 million
- Total Debt: $108.9 million
- Total Revenue: $65.9 million
- Profit Margin: 16.62%
- Return on Assets: 0.66%
- Return on Equity: 5.10%
Dividends:
Provident Bancorp, Inc. has a history of paying dividends. The company paid dividends of $0.03 per share in Q2 2020, Q3 2020, and Q4 2020, and increased the dividend to $0.04 per share in Q2 2021, Q3 2021, Q4 2021, Q1 2022, Q2 2022, Q3 2022, and Q4 2022.
Financial Analysis:
- Provident Bancorp, Inc. has shown consistent growth in revenue over the past few years. The company's revenue for the most recent fiscal year was $65.9 million, indicating a 22.4% decrease from the previous year.
- The company has a strong profit margin of 16.62%, indicating efficient cost management and profitability.
- Return on assets and return on equity are relatively low at 0.66% and 5.10%, respectively. This suggests that the company could improve its efficiency in utilizing assets and generating returns for shareholders.
Stock Price Prediction:
- The stock price of Provident Bancorp, Inc. has a 52-week range of $5.76 – $11.52. Based on historical data and the company's financial performance, we predict that the stock price will continue to show moderate growth in the near future.
- The company's current stock price of $8.74 is below its 52-week high, indicating potential for further growth.
- However, investors should be cautious as the stock price has fluctuated in recent months, and the overall market conditions can impact the stock performance.
Conclusion:
Provident Bancorp, Inc. is a regional bank holding company that offers various financial services. The company has shown consistent growth in revenue and has a strong profit margin. While the stock price has fluctuated in recent months, we predict moderate growth in the future. Investors should consider the company's financial performance and market conditions before making investment decisions.
