Financial Services -
Banks - Regional - NASDAQ - US
$ 11.775
-0.884 %
$ 209 M
Market Cap
27.38
P/E
1. INTRINSIC VALUE
Balance Sheet
Provident Bancorp, Inc.
| Current Assets | 226 M |
| Cash & Short-Term Investments | 220 M |
| Receivables | 6.09 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.44 B |
| Long-Term Investments | 28.6 M |
| PP&E | 16.8 M |
| Other Non-Current Assets | 1.4 B |
| Current Liabilities | 1.19 B |
| Accounts Payable | 0 |
| Short-Term Debt | 95.4 M |
| Other Current Liabilities | 1.09 B |
| Non-Current Liabilities | 1.35 B |
| Long-Term Debt | 13.7 M |
| Other Non-Current Liabilities | 1.34 B |
EFFICIENCY
Earnings Waterfall
Provident Bancorp, Inc.
| Revenue | 65.9 M |
| Cost Of Revenue | 1.83 M |
| Gross Profit | 64.1 M |
| Operating Expenses | 64.1 M |
| Operating Income | 0 |
| Other Expenses | -11 M |
| Net Income | 11 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Provident Bancorp, Inc.
| Net Income | 11 M |
| Depreciation & Amortization | 1.1 M |
| Capital Expenditures | -339 K |
| Stock-Based Compensation | 2.09 M |
| Change in Working Capital | -8.56 M |
| Others | -9.87 M |
| Free Cash Flow | 5.21 M |
Wall Street Analysts Price Targets
Provident Bancorp, Inc.
PVBC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.04 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Provident Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
721 K USD 1
9-12 MONTHS
0 USD 0
Bought
115 K USD 1
0-3 MONTHS
20.1 K USD 1
3-6 MONTHS
158 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Nov 11, 2024
|
Bought
58.2 K USD
|
POLLACK DENNIS
Director
|
+ 5000
|
11.64 USD |
|
2 months ago
Nov 08, 2024
|
Bought
56.5 K USD
|
POLLACK DENNIS
Director
|
+ 5000
|
11.3 USD |
|
4 months ago
Sep 10, 2024
|
Bought
20.1 K USD
|
POLLACK DENNIS
Director
|
+ 1950
|
10.3 USD |
|
7 months ago
Jun 14, 2024
|
Bought
24.1 K USD
|
Fisher Kenneth R
EVP and CFO
|
+ 2500
|
9.6263 USD |
|
7 months ago
Jun 14, 2024
|
Bought
24 K USD
|
Fisher Kenneth R
EVP and CFO
|
+ 2500
|
9.585 USD |
|
7 months ago
Jun 07, 2024
|
Bought
10.9 K USD
|
POLLACK DENNIS
Director
|
+ 1075
|
10.15 USD |
|
7 months ago
Jun 04, 2024
|
Sell 607 K
USD
|
STILWELL JOSEPH
10 percent owner
|
- 63089
|
9.62 USD |
|
7 months ago
Jun 04, 2024
|
Sell 115 K
USD
|
STILWELL JOSEPH
10 percent owner
|
- 11911
|
9.62 USD |
|
7 months ago
Jun 04, 2024
|
Bought
1.08 K USD
|
POLLACK DENNIS
Director
|
+ 109
|
9.945 USD |
|
7 months ago
Jun 04, 2024
|
Bought
14 K USD
|
POLLACK DENNIS
Director
|
+ 1434
|
9.74 USD |
|
7 months ago
Jun 04, 2024
|
Bought
34.5 K USD
|
POLLACK DENNIS
Director
|
+ 3457
|
9.99 USD |
|
7 months ago
Jun 04, 2024
|
Bought
49.6 K USD
|
POLLACK DENNIS
Director
|
+ 5000
|
9.92 USD |
|
1 year ago
Oct 04, 2023
|
Bought
22.6 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2413
|
9.3856 USD |
|
1 year ago
Oct 03, 2023
|
Bought
57.1 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 6176
|
9.251 USD |
|
1 year ago
Oct 02, 2023
|
Bought
19 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2012
|
9.4318 USD |
|
1 year ago
Sep 29, 2023
|
Bought
7.77 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 800
|
9.7167 USD |
|
1 year ago
Sep 28, 2023
|
Bought
23.8 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2485
|
9.5832 USD |
|
1 year ago
Sep 27, 2023
|
Bought
75.1 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 7926
|
9.4744 USD |
|
1 year ago
Sep 26, 2023
|
Bought
2.91 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 300
|
9.71 USD |
|
1 year ago
Sep 22, 2023
|
Bought
975 USD
|
STILWELL JOSEPH
10 percent owner
|
+ 100
|
9.75 USD |
|
1 year ago
Sep 21, 2023
|
Bought
2.89 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 300
|
9.6182 USD |
|
1 year ago
Sep 20, 2023
|
Bought
28.2 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2900
|
9.7139 USD |
|
1 year ago
Sep 19, 2023
|
Bought
25.8 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2704
|
9.5246 USD |
|
1 year ago
Sep 18, 2023
|
Bought
21.8 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2272
|
9.6103 USD |
|
1 year ago
Sep 15, 2023
|
Bought
1.93 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 200
|
9.66 USD |
|
1 year ago
Sep 13, 2023
|
Bought
70.2 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 7200
|
9.7479 USD |
|
1 year ago
Sep 12, 2023
|
Bought
15.1 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 1558
|
9.6665 USD |
|
1 year ago
Sep 11, 2023
|
Bought
4.89 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 500
|
9.7873 USD |
|
1 year ago
Sep 07, 2023
|
Bought
49.8 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 5000
|
9.9683 USD |
|
1 year ago
Sep 06, 2023
|
Bought
50.5 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 5027
|
10.0478 USD |
|
1 year ago
Aug 31, 2023
|
Bought
1.95 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 200
|
9.74 USD |
|
1 year ago
Aug 30, 2023
|
Bought
8.6 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 890
|
9.663 USD |
|
1 year ago
Aug 30, 2023
|
Bought
20.4 K USD
|
STILWELL JOSEPH
10 percent owner
|
+ 2100
|
9.7281 USD |
|
1 year ago
Aug 04, 2023
|
Bought
48.8 K USD
|
Curran Kathleen Chase
Director
|
+ 5000
|
9.77 USD |
|
1 year ago
Aug 03, 2023
|
Bought
3.98 K USD
|
Curran Kathleen Chase
Director
|
+ 408
|
9.75 USD |
|
1 year ago
Aug 02, 2023
|
Bought
90 K USD
|
Houle Carol L
Co-President, Co-CEO and CFO
|
+ 9080
|
9.9109 USD |
|
1 year ago
Jul 31, 2023
|
Bought
6.74 K USD
|
Knapp Laurie H
Director
|
+ 693
|
9.724 USD |
|
1 year ago
Jul 31, 2023
|
Bought
1.31 K USD
|
Knapp Laurie H
Director
|
+ 135
|
9.695 USD |
|
1 year ago
Jul 31, 2023
|
Bought
1.95 K USD
|
Knapp Laurie H
Director
|
+ 201
|
9.695 USD |
|
1 year ago
Aug 01, 2023
|
Bought
301 USD
|
Piette Barbara
Director
|
+ 31
|
9.7199 USD |
|
1 year ago
Aug 01, 2023
|
Bought
24.7 K USD
|
Piette Barbara
Director
|
+ 2562
|
9.64 USD |
|
4 years ago
May 19, 2020
|
Bought
2.49 K USD
|
Knapp Laurie H
Director
|
+ 275
|
9.0615 USD |
|
5 years ago
Oct 21, 2019
|
Bought
49.4 K USD
|
Cousins Frank G Jr
Director
|
+ 4304
|
11.4679 USD |
|
7 years ago
Dec 13, 2017
|
Sell 100 K
USD
|
Mansfield David P
President and CEO
|
- 4255
|
23.5 USD |
|
7 years ago
Dec 13, 2017
|
Bought
7.5 K USD
|
Mansfield David P
President and CEO
|
+ 326
|
23 USD |
|
7 years ago
Dec 13, 2017
|
Bought
4.69 K USD
|
Mansfield David P
President and CEO
|
+ 200
|
23.45 USD |
|
7 years ago
Dec 13, 2017
|
Bought
2.34 K USD
|
Mansfield David P
President and CEO
|
+ 100
|
23.425 USD |
|
7 years ago
Dec 13, 2017
|
Bought
4.65 K USD
|
Mansfield David P
President and CEO
|
+ 199
|
23.35 USD |
|
7 years ago
Dec 13, 2017
|
Bought
80.6 K USD
|
Mansfield David P
President and CEO
|
+ 3430
|
23.5 USD |
|
8 years ago
Jul 20, 2016
|
Bought
47.8 K USD
|
Withee Charles F
Pres. & CLO of Subsidiary Bank
|
+ 3000
|
15.9433 USD |
|
9 years ago
Jul 15, 2015
|
Bought
150 K USD
|
Withee Charles F
Pres. & CLO of Subsidiary Bank
|
+ 15000
|
10 USD |
|
9 years ago
Jul 15, 2015
|
Bought
150 K USD
|
Houle Carol L
EVP and CFO
|
+ 15000
|
10 USD |
|
9 years ago
Jul 15, 2015
|
Bought
150 K USD
|
Mansfield David P
President and CEO
|
+ 15000
|
10 USD |
|
9 years ago
Jul 15, 2015
|
Bought
84.8 K USD
|
Mansfield David P
President and CEO
|
+ 8481
|
10 USD |
|
9 years ago
Jul 15, 2015
|
Bought
15.2 K USD
|
Mansfield David P
President and CEO
|
+ 1519
|
10 USD |
7. News
Provident Bancorp, Inc. Adopts Stock Repurchase Program
AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (Nasdaq:PVBC), the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program.
prnewswire.com
- 1 month ago
Provident Bancorp, Inc. Reports Results for the September 30, 2024 Quarter
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.
prnewswire.com
- 3 months ago
BankProv's Joel Gianninoto Named New Hampshire Banker of the Year by Bay Colony
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.
prnewswire.com
- 5 months ago
Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter
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.
prnewswire.com
- 6 months ago
Provident Bancorp (PVBC) Is Up 10.63% in One Week: What You Should Know
Does Provident Bancorp (PVBC) have what it takes to be a top stock pick for momentum investors? Let's find out.
zacks.com
- 6 months ago
Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer
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.
prnewswire.com
- 8 months ago
Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million
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.
prnewswire.com
- 9 months ago
Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors
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.
prnewswire.com
- 11 months ago
BankProv Welcomes Sandra Ennin as VP, Business Banking Officer
AMESBURY, Mass. , Jan. 31, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Sandra Ennin to the organization as Vice President (VP), Business Banking Officer.
prnewswire.com
- 1 year ago
Provident Bancorp, Inc. Appoints Dennis Pollack to Board of Directors
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.
prnewswire.com
- 1 year ago
Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year
AMESBURY, Mass. , Jan. 25, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended December 31, 2023 of $2.9 million, or $0.18 per diluted share, compared to $2.5 million, or $0.15 per diluted share, for the quarter ended September 30, 2023, and $2.7 million, or $0.16 per diluted share, for the quarter ended December 31, 2022.
prnewswire.com
- 1 year ago
BankProv Welcomes Curt Murray as AVP, Business Banking Officer
PORTSMOUTH, N.H. , Jan. 9, 2024 /PRNewswire/ -- BankProv (NASDAQ: PVBC), a future-ready commercial bank that offers technology-driven banking solutions to its clients, is pleased to announce the addition of Curt Murray to its team in the role of Assistant Vice President (AVP), Business Banking Officer.
prnewswire.com
- 1 year ago
8. Profile
Summary
Provident Bancorp, Inc. PVBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 209 M
Dividend Yield
0.00%
Description
Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, mortgage warehouse, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit; and invests in securities, and state and municipal bonds. As of December 31, 2021, it operated through its main office and six branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire, as well as two loan production offices located in Boston, Massachusetts, and Ponte Vedra, Florida. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts.
Contact
5 Market Street, Amesbury, MA, 01913
https://www.bankprov.com
IPO
Date
July 16, 2015
Employees
188
Officers
Mr. Kenneth R. Fisher
Executive Vice President & Chief Financial Officer
Ms. Kimberly Scholtz
Corporate Secretary
Kathleen Barrett
Vice President & Director of Marketing
Mr. Joseph Kenney
Executive Vice President & CLO of The Provident Bank
Mr. Joseph B. Reilly
President, Chief Executive Officer & Director
Mr. Joseph Mancini
Executive Vice President & Chief Operating Officer
Mr. Kevin Barton
Senior Vice President of Provident Bank
Ms. Jean Jinsun Kim
Senior Vice President of Sponsor Finance
Ms. Janine Jakubauskas
Executive Vice President & Chief Risk Officer of BankProv
Ms. Anne Lapointe
Executive Vice President & Chief of Staff of Provident Bank