Financial Services -
Banks - Regional - NASDAQ - US
$ 12.74
0.632 %
$ 224 M
Market Cap
49.0
P/E
1. INTRINSIC VALUE
Balance Sheet
Provident Bancorp, Inc.
| Current Assets | 174 M |
| Cash & Short-Term Investments | 169 M |
| Receivables | 5.3 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.42 B |
| Long-Term Investments | 1.33 B |
| PP&E | 13.6 M |
| Other Non-Current Assets | 73.9 M |
| Current Liabilities | 1.34 B |
| Accounts Payable | 0 |
| Short-Term Debt | 35 M |
| Other Current Liabilities | 1.31 B |
| Non-Current Liabilities | 18.1 M |
| Long-Term Debt | 13.4 M |
| Other Non-Current Liabilities | 4.7 M |
EFFICIENCY
Earnings Waterfall
Provident Bancorp, Inc.
| Revenue | 94.2 M |
| Cost Of Revenue | 40 M |
| Gross Profit | 54.3 M |
| Operating Expenses | 44.9 M |
| Operating Income | 9.38 M |
| Other Expenses | 2.11 M |
| Net Income | 7.27 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Provident Bancorp, Inc.
| Net Income | 7.27 M |
| Depreciation & Amortization | 1.07 M |
| Capital Expenditures | -370 K |
| Stock-Based Compensation | 2.11 M |
| Change in Working Capital | 1.02 M |
| Others | -45 K |
| Free Cash Flow | 11.5 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
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
115 K USD 1
6-9 MONTHS
20.1 K USD 1
9-12 MONTHS
7. News
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PVBC, KNW, HLGN on Behalf of Shareholders
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
globenewswire.com
- 4 weeks ago
PROVIDENT BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Provident Bancorp, Inc. - PVBC
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Provident Bancorp, Inc. (NasdaqCM: PVBC) to NB Bancorp, Inc. (NasdaqCM: NBBK). Under the terms of the proposed transaction, shareholders of Provident can elect to receive either: (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash, for each share of Provident that they own. KSF is see.
businesswire.com
- 4 weeks ago
PVBC STOCK ALERT: Halper Sadeh LLC is Investigating Whether the Sale of Provident Bancorp, Inc. is Fair to Shareholders
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Provident Bancorp, Inc. (NASDAQ: PVBC) to NB Bancorp, Inc. is fair to Provident shareholders. Under the terms of the proposed transaction, Provident shareholders will receive for each share of Provident common stock, at the holder's election, either (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash.
globenewswire.com
- 1 month ago
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Provident Bancorp, Inc. (Nasdaq - PVBC)
BALA CYNWYD, Pa., June 06, 2025 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Provident Bancorp, Inc. (“Provident” or the “Company”) (Nasdaq - PVBC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to NB Bancorp, Inc. (“Needham”) (Nasdaq – NBBK). Under the terms of the stock and cash transaction, stockholders of Provident will receive for each share of Provident common stock, at the holder's election, either (i) 0.691 shares of Needham common stock or (ii) $13.00 in cash subject to allocation procedures.
globenewswire.com
- 1 month ago
PVBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Provident Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Provident Bancorp, Inc. (NASDAQ: PVBC) to NB Bancorp, Inc. is fair to Provident shareholders. Under the terms of the proposed transaction, Provident shareholders will receive for each share of Provident common stock, at the holder's election, either (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash. Halper Sadeh encourages Provident shareholders to click here to learn.
businesswire.com
- 1 month ago
NB Bancorp, Inc. and Provident Bancorp, Inc. Enter Into Definitive Merger Agreement
Key Highlights: Merger expands Needham Bank's branch footprint into the North Shore of Massachusetts and New Hampshire The 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 savings Needham Bank will remain well capitalized with high levels of liquidity after the merger NEEDHAM, Mass. and AMESBURY, Mass.
prnewswire.com
- 1 month ago
Provident Bancorp, Inc. Reports Results for the March 31, 2025 Quarter
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.
prnewswire.com
- 2 months ago
What Makes Provident Bancorp (PVBC) a New Strong Buy Stock
Provident Bancorp (PVBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 4 months ago
Provident Bancorp, Inc. Reports Fourth Quarter Net Income of $4.9 Million
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.
prnewswire.com
- 5 months ago
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
- 7 months 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
- 8 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
- 10 months ago
8. Profile
Summary
Provident Bancorp, Inc. PVBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 224 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
177
Officers
Mr. Joseph Mancini
Executive Vice President & Chief Operating Officer
Mr. Kenneth R. Fisher
Executive Vice President & Chief Financial Officer
Ms. Anne Lapointe
Executive Vice President & Chief of Staff of Provident Bank
Ms. Kimberly Scholtz
Corporate Secretary
Mr. Joseph B. Reilly
President, Chief Executive Officer & Director
Mr. Kevin Barton
Senior Vice President of Provident Bank
Kathleen Barrett
Vice President & Director of Marketing
Ms. Janine Jakubauskas
Executive Vice President & Chief Risk Officer of BankProv
Mr. Joseph Kenney
Executive Vice President & CLO of The Provident Bank
Ms. Jean Jinsun Kim
Senior Vice President of Sponsor Finance