PVBC Stock Summary and Trading Ideas (Provident Bancorp | NASDAQ:PVBC)

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.

Provident Bancorp trades on the NASDAQ stock market under the symbol PVBC.

As of April 19, 2024, PVBC stock price climbed to $7.79 with 96,864 million shares trading.

PVBC has a beta of -0.07, meaning it tends to be less sensitive to market movements. PVBC has a correlation of 0.00 to the broad based SPY ETF.

PVBC has a market cap of $137.56 million. This is considered a Micro Cap stock.

Last quarter Provident Bancorp reported $15 million in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-288,000 and exceeded earnings estimates by $.06.

In the last 3 years, PVBC stock traded as high as $20.14 and as low as $5.76.

The top ETF exchange traded funds that PVBC belongs to (by Net Assets): VTI, VXF, IWC, BSVO, DFAC.

PVBC has underperformed the market in the last year with a price return of +5.8% while the SPY ETF gained +21.2%. PVBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.1% and -13.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

PVBC support price is $7.45 and resistance is $7.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PVBC stock will trade within this expected range on the day.