Stephens downgraded Provident Bancorp from Overweight to Equal-Weight and set a new price target of $12.00 from $18.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2022 | $18.00 → $12.00 | Overweight → Equal-Weight | Stephens |
| 3/29/2022 | $20.00 | Overweight | Stephens |
Key Highlights: Merger expands Needham Bank's branch footprint into the North Shore of Massachusetts and New HampshireThe merger is expected to be approximately 19% accretive to NB Bancorp, Inc.'s earnings per share in 2026, the first full year of combined operations, assuming full phase-in of cost savingsNeedham Bank will remain well capitalized with high levels of liquidity after the mergerNEEDHAM, Mass. and AMESBURY, Mass., June 5, 2025 /PRNewswire/ -- NB Bancorp, Inc. ("Needham") (NASDAQ:NBBK), the holding company for Needham Bank, and Provident Bancorp, Inc. ("Provident") (NASDAQ:PVBC), the holding company for BankProv, today announced that they have entered into a definitive merger agr
AMESBURY, Mass., April 25, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2025 of $2.2 million, or $0.13 per diluted share, compared to $4.9 million, or $0.29 per diluted share, for the quarter ended December 31, 2024, and $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024. The Company's return on average assets was 0.58% for the quarter ended March 31, 2025, compared to 1.22% for the quarter ended December 31, 2024, and 1.26% for the quarter ended March 31, 2024. The Company's return on average equity was 3.71% for the quarter ended M
AMESBURY, Mass., Jan. 23, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2024 of $4.9 million, or $0.29 per diluted share, compared to net income of $716,000, or $0.04 per diluted share, for the quarter ended September 30, 2024, and net income of $2.9 million, or $0.18 per diluted share, for the quarter ended December 31, 2023. For the year ended December 31, 2024, net income was $7.3 million, or $0.43 per diluted share, compared to $11.0 million, or $0.66 per diluted share, for the year ended December 31, 2023. The Company's return on average assets was 1.22%
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
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. Mr. Fisher is a CPA and seasoned financial professional who brings over two decades of experience in finance, accounting and executive leadership to his new role. BankProv — widely recognized in the commercial banking sector for its devotion to empowering local businesses and for its expertise i
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. With over two decades of experience as a distinguished bank analyst and investor, Ms. Cassarino brings a wealth of knowledge and expertise to the board. Ms. Cassarino is the founder of Sycamore Analytics LLC, a business dedicated to providin
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. Mr. Pollack brings a wealth of experience to the role, having served in various executive positions, including most recently as President and CEO of Prudential Bank in Philadelphia, PA. "We are thrilled to welcome Dennis Pollack to the boards
SC 13G/A - Provident Bancorp, Inc. /MD/ (0001778784) (Subject)
SC 13D/A - Provident Bancorp, Inc. /MD/ (0001778784) (Subject)
SC 13G/A - Provident Bancorp, Inc. /MD/ (0001778784) (Subject)
AMESBURY, Mass., April 25, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended March 31, 2025 of $2.2 million, or $0.13 per diluted share, compared to $4.9 million, or $0.29 per diluted share, for the quarter ended December 31, 2024, and $5.0 million, or $0.30 per diluted share, for the quarter ended March 31, 2024. The Company's return on average assets was 0.58% for the quarter ended March 31, 2025, compared to 1.22% for the quarter ended December 31, 2024, and 1.26% for the quarter ended March 31, 2024. The Company's return on average equity was 3.71% for the quarter ended M
AMESBURY, Mass., Jan. 23, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2024 of $4.9 million, or $0.29 per diluted share, compared to net income of $716,000, or $0.04 per diluted share, for the quarter ended September 30, 2024, and net income of $2.9 million, or $0.18 per diluted share, for the quarter ended December 31, 2023. For the year ended December 31, 2024, net income was $7.3 million, or $0.43 per diluted share, compared to $11.0 million, or $0.66 per diluted share, for the year ended December 31, 2023. The Company's return on average assets was 1.22%
AMESBURY, Mass., Oct. 24, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended September 30, 2024 of $716,000, or $0.04 per diluted share, compared to a net loss of $3.3 million, or $0.20 per diluted share, for the quarter ended June 30, 2024, and net income of $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023. For the nine months ended September 30, 2024, net income was $2.4 million, or $0.14 per diluted share, compared to $8.0 million, or $0.48 per diluted share, for the nine months ended September 30, 2023. The Company's return on average asse
Stephens downgraded Provident Bancorp from Overweight to Equal-Weight and set a new price target of $12.00 from $18.00 previously
Stephens initiated coverage of Provident Bancorp with a rating of Overweight and set a new price target of $20.00
Piper Sandler upgraded Provident Bancorp from Neutral to Overweight and set a new price target of $18.00 from $14.50 previously
425 - Provident Bancorp, Inc. /MD/ (0001778784) (Subject)
425 - Provident Bancorp, Inc. /MD/ (0001778784) (Subject)
8-K - Provident Bancorp, Inc. /MD/ (0001778784) (Filer)