Provident Bancorp, Inc. (PVBC)

NASDAQ: PVBC · IEX Real-Time Price · USD
6.62
-0.22 (-3.22%)
At close: Dec 2, 2022 4:00 PM
6.55
-0.07 (-1.06%)
After-hours: Dec 2, 2022 7:30 PM EST
-3.22%
Market Cap 120.52M
Revenue (ttm) 71.82M
Net Income (ttm) 19.82M
Shares Out 16.46M
EPS (ttm) 1.16
PE Ratio 5.71
Forward PE 19.72
Dividend $0.12 (1.81%)
Ex-Dividend Date Aug 11, 2022
Volume 179,089
Open 6.76
Previous Close 6.84
Day's Range 6.56 - 6.85
52-Week Range 6.56 - 19.21
Beta 0.77
Analysts Sell
Price Target 12.24 (+84.9%)
Earnings Date Dec 8, 2022

About PVBC

Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, mortgage warehouse, one- to four-family residential, and consumer loans, as well ... [Read more]

Industry Thrifts & Mortgage Finance
IPO Date Jul 16, 2015
Employees 170
Stock Exchange NASDAQ
Ticker Symbol PVBC
Full Company Profile

Financial Performance

In 2021, PVBC's revenue was $62.71 million, an increase of 19.64% compared to the previous year's $52.42 million. Earnings were $16.14 million, an increase of 34.66%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PVBC stock is "Sell." The 12-month stock price forecast is 12.24, which is an increase of 84.89% from the latest price.

Price Target
$12.24
(84.89% upside)
Analyst Consensus: Sell
Stock Forecasts

News

PROVIDENT ALERT: Bragar Eagel & Squire, P.C. is Investigating Provident Bancorp, Inc. on Behalf of Provident Stockhol...

NEW YORK--( BUSINESS WIRE )--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Provident Bancorp, Inc. (“Provident” or the “Comp...

2 days ago - Business Wire

Provident Bancorp Investor Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Provident Bancorp To Contact Him Directly To Discuss Their OptionsNew York, New York--(New...

3 days ago - Newsfile Corp

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Provident Bancorp, Inc. an...

LOS ANGELES, CA / ACCESSWIRE / November 30, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Provident Banco...

4 days ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Provident Bancorp, Inc. - PVBC

New York, New York--(Newsfile Corp. - November 30, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Provident Bancorp, Inc. ("Provident or the "Company") (NASDAQ: PVBC). Such inve...

4 days ago - Newsfile Corp

INVESTIGATION NOTICE: The Schall Law Firm Announces It Is Investigating Claims Against Provident Bancorp, Inc. and En...

Los Angeles, California--(Newsfile Corp. - November 30, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pr...

4 days ago - Newsfile Corp

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Provident Bancorp, Inc. ...

LOS ANGELES--( BUSINESS WIRE )--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Provident Bancorp...

5 days ago - Business Wire

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Provident Bancorp, Inc. and ...

LOS ANGELES--( BUSINESS WIRE )--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Provident Bancorp, Inc. (“Providen...

5 days ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Provident Bancorp, Inc. (PVBC) on Behalf of...

BENSALEM, Pa.--( BUSINESS WIRE )--Law Offices of Howard G. Smith announces an investigation on behalf of Provident Bancorp, Inc. (“Provident” or the “Company”) (NASDAQ: PVBC) investors concerning the Co...

5 days ago - Business Wire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Provident Bancorp, Inc. and Enc...

LOS ANGELES--( BUSINESS WIRE )--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Provident Bancorp, Inc. (“Providen...

6 days ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Provident Bancorp, Inc. (PVBC) on Behalf of Investors

LOS ANGELES--( BUSINESS WIRE )--The Law Offices of Frank R. Cruz announces an investigation of Provident Bancorp, Inc. (“Provident” or the “Company”) (NASDAQ: PVBC) on behalf of investors concerning the...

6 days ago - Business Wire

PROVIDENT BANCORP, INC. RECEIVES NASDAQ NOTICE REGARDING LATE FORM 10-Q FILING

AMESBURY, Mass. , Nov. 22, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), announced today that on November 17, 2022, it receiv...

1 week ago - PRNewsWire

PROVIDENT BANCORP, INC. PROVIDES EARNINGS GUIDANCE FOR THE THIRD QUARTER OF 2022

AMESBURY, Mass. , Oct. 18, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), provided guidance with respect to earnings for the q...

1 month ago - PRNewsWire

BankProv Announces Strategic Integration with Republic

Future-Ready Bank Supports Republic's Mission to Fuel Innovation for Tomorrow's Leading Companies AMESBURY, Mass. , Aug. 16, 2022 /PRNewswire/ -- BankProv, a future-ready commercial bank that offers ada...

3 months ago - PRNewsWire

BankProv Joins Forces with Fortress Trust to Create a Strong Regulatory and Financial Foundation for Web3 Innovators ...

AMESBURY, Mass. , Aug. 4, 2022 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank offering adaptive and technology-first banking solutions to emerging industries, announced today a ...

4 months ago - PRNewsWire

Provident Bancorp, Inc. Reports Earnings for the June 30, 2022 Quarter and Continues Payment of Quarterly Cash Divide...

AMESBURY, Mass. , July 28, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for The Provident Bank (the "Bank"), reported net income for the quarter end...

4 months ago - PRNewsWire

BankProv Welcomes Jean Kim as Senior Vice President of Sponsor Finance

Expanding Sponsor Finance Lending in the Lower Middle Market AMESBURY, Mass. , June 16, 2022 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank offering adaptive and technology-firs...

5 months ago - PRNewsWire

Provident Bancorp (PVBC) Upgraded to Strong Buy: Here's What You Should Know

Provident Bancorp (PVBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

5 months ago - Zacks Investment Research

BankProv Provides Banking-as-a-Service Support for Etana Custody

Etana Custody Brings New Digital Asset Services to Market at Consensus 2022 AMESBURY, Mass. , June 10, 2022 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers adaptive a...

5 months ago - PRNewsWire

BankProv Appoints Janine Jakubauskas to Senior Vice President of Enterprise Risk

AMESBURY, Mass. , May 24, 2022 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers adaptive and technology-first banking solutions to emerging industries, recently appoin...

6 months ago - PRNewsWire

Provident Bancorp, Inc. Reports Earnings for the March 31, 2022 Quarter and Continues Payment of Quarterly Cash Divid...

AMESBURY, Mass. , April 28, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for The Provident Bank (the "Bank"), reported net income for the quarter en...

7 months ago - PRNewsWire

BankProv Partners with Synctera to Create Card Program in Support of Banking-as-a-Service Model

The partnership will help expand BankProv's BaaS offerings to clients nationwide through Synctera's innovative FinTech integrations AMESBURY, Mass. , April 8, 2022 /PRNewswire/ -- BankProv, subsidiary o...

7 months ago - PRNewsWire

BankProv Joins Alloy Labs Alliance to Help Create the Future of Banking

BankProv joins national innovation consortium AMESBURY, Mass., March 29, 2022 /PRNewswire/ -- BankProv, a future-ready commercial bank that offers adaptive and technology-first banking solutions to emer...

8 months ago - PRNewsWire

Mohammad Ali Shaikh Joins BankProv and Provident Bancorp's Board of Directors

AMESBURY, Mass., Jan. 31, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), the holding company for BankProv (legally operating as The Provident Bank), announces today Mohammad "Mo" Ali Shaik...

10 months ago - PRNewsWire

Katie Chase Joins BankProv and Provident Bancorp's Board of Directors

AMESBURY, Mass., Jan. 31, 2022 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), the holding company for BankProv (legally operating as The Provident Bank), announced today Katie Chase, Chief Oper...

10 months ago - PRNewsWire

Provident Bancorp (PVBC) Misses Q4 Earnings Estimates

Provident Bancorp (PVBC) delivered earnings and revenue surprises of -16% and 3.52%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research