News headlines about Provident Bancorp (NASDAQ:PVBC) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Provident Bancorp earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.3595619514735 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Separately, ValuEngine lowered Provident Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Shares of Provident Bancorp (NASDAQ PVBC) traded up $0.50 during trading on Monday, hitting $25.00. The stock had a trading volume of 12,300 shares, compared to its average volume of 6,391. The stock has a market capitalization of $240.71, a price-to-earnings ratio of 29.07 and a beta of 0.05. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Provident Bancorp has a 1 year low of $18.35 and a 1 year high of $27.38.
Provident Bancorp (NASDAQ:PVBC) last posted its earnings results on Thursday, January 25th. The bank reported $0.41 earnings per share (EPS) for the quarter. Provident Bancorp had a return on equity of 8.72% and a net margin of 17.31%. The company had revenue of $13.04 million for the quarter.
In other Provident Bancorp news, CEO David P. Mansfield purchased 4,255 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $23.45 per share, for a total transaction of $99,779.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.68% of the stock is currently owned by insiders.
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About Provident Bancorp
Provident Bancorp, Inc is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire.
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