Provident Bancorp
PVBC

$10.31

1.15%

Market Cap: $182M

About: Provident Bancorp Inc provides a range of banking products and services to small and medium-sized commercial customers. It attracts deposits from the general public and uses those funds to originate loans, commercial real estate, construction and land, and commercial business loans, and to invest in securities. The company lending activities include providing commercial real estate loans, multi-family residential real estate loans, commercial business loans, construction and land development loans, one-to four-family residential loans, home equity loans & lines of credit, and consumer loans.

Employees: 195

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,339% more call options, than puts

Call options by funds: $331K | Put options by funds: $23K

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

13% more capital invested

Capital invested by funds: $76.3M [Q1] → $86.3M (+$10M) [Q2]

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

8% more funds holding

Funds holding: 63 [Q1] → 68 (+5) [Q2]

0.51% more ownership

Funds ownership: 47.45% [Q1] → 47.96% (+0.51%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$11

7%

upside

Avg. target

$11

7%

upside

High target

$11

7%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Stephens & Co.

Matt Breese

80% 1-year accuracy

4 / 5 met price target

7%upside

$11

Equal-Weight

Reiterated

30 Jul 2024

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Financial journalist opinion

BankProv's Joel Gianninoto Named New Hampshire Banker of the Year by Bay Colony

AMESBURY, Mass. , Aug. 14, 2024 /PRNewswire/ -- BankProv—widely recognized in the commercial banking sector for its devotion to empowering local businesses and its expertise in delivering innovative banking services—is proud to announce that Joel Gianninoto, Vice President, Team Leader Business Banking, has been honored as New Hampshire Banker of the Year by Bay Colony Development Corp. This prestigious recognition celebrates Joel's outstanding contributions to the banking industry and his dedication to fostering business growth in New Hampshire.

BankProv's Joel Gianninoto Named New Hampshire Banker of the Year by Bay Colony

Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter

AMESBURY, Mass. , July 29, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported a net loss for the quarter ended June 30, 2024 of $3.3 million, or a loss of $0.20 per diluted share, compared to net income of $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024, and net income of $3.5 million, or $0.21 per diluted share, for the quarter ended June 30, 2023.

Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter

Zacks Investment Research

Provident Bancorp (PVBC) Is Up 10.63% in One Week: What You Should Know

Does Provident Bancorp (PVBC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Provident Bancorp (PVBC) Is Up 10.63% in One Week: What You Should Know

Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer

AMESBURY, Mass. , May 7, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) (the "Company"), the holding company for BankProv (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank.

Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer

Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million

AMESBURY, Mass. , April 25, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2024 of $5.0 million, or $0.30 per diluted share, compared to $2.9 million, or $0.18 per diluted share, for the quarter ended December 31,2023 and $2.1 million, or $0.13 per diluted share, for the quarter ended March 31, 2023.

Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million

Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors

AMESBURY, Mass. , Feb. 16, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC), is pleased to announce the appointment of Julienne Cassarino to its Board of Directors, as well as the Board of Directors of its operating subsidiary, BankProv, a future-ready commercial bank that offers technology-driven banking solutions to its clients.

Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors

BankProv Welcomes Sandra Ennin as VP, Business Banking Officer

AMESBURY, Mass. , Jan. 31, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Sandra Ennin to the organization as Vice President (VP), Business Banking Officer.

BankProv Welcomes Sandra Ennin as VP, Business Banking Officer

Provident Bancorp, Inc. Appoints Dennis Pollack to Board of Directors

PORTSMOUTH, N.H. , Jan. 26, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (NASDAQ: PVBC) is pleased to announce the appointment of Dennis Pollack to its Board of Directors as well as to the Board of Directors of its operating subsidiary, BankProv, a future-ready commercial bank that offers technology-driven banking solutions to its clients.

Provident Bancorp, Inc. Appoints Dennis Pollack to Board of Directors

Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year

AMESBURY, Mass. , Jan. 25, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2023 of $2.9 million, or $0.18 per diluted share, compared to $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023, and $2.7 million, or $0.16 per diluted share, for the quarter ended December 31, 2022.

Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year

BankProv Welcomes Curt Murray as AVP, Business Banking Officer

PORTSMOUTH, N.H. , Jan. 9, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Curt Murray to its team in the role of Assistant Vice President (AVP), Business Banking Officer.

BankProv Welcomes Curt Murray as AVP, Business Banking Officer

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