5-Mar-2025
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Provident Bancorp, Inc. Reports Fourth Quarter Net Income of $4.9 Million
PRNewswire (Thu, 23-Jan 4:15 PM ET)
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 March 5, 2025, PVBC stock price declined to $11.78 with 23,703 million shares trading.
PVBC has a beta of 1.46, meaning it tends to be more sensitive to market movements. PVBC has a correlation of 0.26 to the broad based SPY ETF.
PVBC has a market cap of $209.55 million. This is considered a Small Cap stock.
Last quarter Provident Bancorp reported $15 million in Revenue and $.29 earnings per share. This beat revenue expectation by $368,000 and exceeded earnings estimates by $.14.
In the last 3 years, PVBC traded as high as $16.74 and as low as $5.76.
The top ETF exchange traded funds that PVBC belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.
PVBC has outperformed the market in the last year with a return of +19.5%, while the SPY ETF gained +15.2%. In the last 3 month period, PVBC beat the market returning +2.5%, while SPY returned -3.7%. However, in the most recent 2 weeks PVBC has underperformed the stock market by returning -7.5%, while SPY returned -4.6%.
PVBC support price is $11.52 and resistance is $12.14 (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 shares will trade within this expected range on the day.