Provident Bancorp (NASDAQ:PVBC) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.28 by 42.86 percent. This is a 23.81 percent decrease over earnings of $0.21 per share from the same period last year.
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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 |
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
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. Bay Colony's Vice President, La
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. For the six months ended June 30, 2024, net income was $1.7 million, or $0.10 per diluted share, compared to $5.6 million, or $0.34 per diluted share, for the six months ended June 30, 2023. The Company's loss on average assets was 0.
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
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
10-Q - Provident Bancorp, Inc. /MD/ (0001778784) (Filer)
8-K - Provident Bancorp, Inc. /MD/ (0001778784) (Filer)
8-K - Provident Bancorp, Inc. /MD/ (0001778784) (Filer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
4 - Provident Bancorp, Inc. /MD/ (0001778784) (Issuer)
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., 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
Stephens & Co. analyst Matt Breese reiterates Provident Bancorp (NASDAQ:PVBC) with a Equal-Weight and maintains $11 price target.
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 in delivering innovative banking services — welcomes Mr. Fisher as a key addition to its executive team. In his capacity as CFO, Mr. Fisher will oversee our finance
Provident Bancorp (NASDAQ:PVBC) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.07 by 328.57 percent. This is a 130.77 percent increase over earnings of $0.13 per share from the same period last year.
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
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. For the six months ended June 30, 2024, net income was $1.7 million, or $0.10 per diluted share, compared to $5.6 million, or $0.34 per diluted share, for the six months ended June 30, 2023. The Company's loss on average assets was 0.
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. The Company's return on average assets was 1.26% for the quarter ended March 31, 2024, compared to 0.70% for the quarter ended December 31, 2023, and 0.53% for the quarter ended March 31, 2023. The Company's return on average equity was 8.93% for the quarter ended Mar