Financial Services - Banks - Regional - NASDAQ - US
$ 11.0
0.825 %
$ 194 M
Market Cap
35.48
P/E
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.[ Read More ]
The intrinsic value of one PVBC stock under the base case scenario is HIDDEN Compared to the current market price of 11 USD, Provident Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart PVBC
FINANCIALS
64.1 M
REVENUE
0
OPERATING INCOME
11 M
NET INCOME
5.55 M
OPERATING CASH FLOW
105 M
INVESTING CASH FLOW
29.4 M
FINANCING CASH FLOW
24.1 M
REVENUE
848 K
OPERATING INCOME
716 K
NET INCOME
3.17 M
OPERATING CASH FLOW
-36.9 M
INVESTING CASH FLOW
793 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Provident Bancorp, Inc.
| Current Assets | 226 M |
| Cash & Short-Term Investments | 220 M |
| Receivables | 6.09 M |
| Other Current Assets | 0 |
| Non-Current Assets | 31.2 M |
| Long-Term Investments | 28.6 M |
| PP&E | 16.8 M |
| Other Non-Current Assets | -14.1 M |
| 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 | 13.5 M |
| Other Non-Current Liabilities | 1.34 B |
EFFICIENCY
Earnings Waterfall
Provident Bancorp, Inc.
| Revenue | 64.1 M |
| Cost Of Revenue | 0 |
| Gross Profit | 64.1 M |
| Operating Expenses | 64.1 M |
| Operating Income | 0 |
| Other Expenses | -11 M |
| Net Income | 11 M |
RATIOS
100.00%
GROSS MARGIN
0.00%
OPERATING MARGIN
17.09%
NET MARGIN
4.94%
ROE
0.66%
ROA
0.00%
ROIC
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 | -7.41 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
721 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
135 K USD 1
0-3 MONTHS
158 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
6 days ago
Nov 11, 2024
|
Bought 58.2 K USD
|
POLLACK DENNIS
Director |
+ 5000
|
11.64 USD |
|
1 week ago
Nov 08, 2024
|
Bought 56.5 K USD
|
POLLACK DENNIS
Director |
+ 5000
|
11.3 USD |
|
2 months ago
Sep 10, 2024
|
Bought 20.1 K USD
|
POLLACK DENNIS
Director |
+ 1950
|
10.3 USD |
|
5 months ago
Jun 14, 2024
|
Bought 24.1 K USD
|
Fisher Kenneth R
EVP and CFO |
+ 2500
|
9.6263 USD |
|
5 months ago
Jun 14, 2024
|
Bought 24 K USD
|
Fisher Kenneth R
EVP and CFO |
+ 2500
|
9.585 USD |
|
5 months ago
Jun 07, 2024
|
Bought 10.9 K USD
|
POLLACK DENNIS
Director |
+ 1075
|
10.15 USD |
|
5 months ago
Jun 04, 2024
|
Sell 607 K USD
|
STILWELL JOSEPH
10 percent owner |
- 63089
|
9.62 USD |
|
5 months ago
Jun 04, 2024
|
Sell 115 K USD
|
STILWELL JOSEPH
10 percent owner |
- 11911
|
9.62 USD |
|
5 months ago
Jun 04, 2024
|
Bought 1.08 K USD
|
POLLACK DENNIS
Director |
+ 109
|
9.945 USD |
|
5 months ago
Jun 04, 2024
|
Bought 14 K USD
|
POLLACK DENNIS
Director |
+ 1434
|
9.74 USD |
|
5 months ago
Jun 04, 2024
|
Bought 34.5 K USD
|
POLLACK DENNIS
Director |
+ 3457
|
9.99 USD |
|
5 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 |
|
6 years ago
Dec 13, 2017
|
Sell 100 K USD
|
Mansfield David P
President and CEO |
- 4255
|
23.5 USD |
|
6 years ago
Dec 13, 2017
|
Bought 7.5 K USD
|
Mansfield David P
President and CEO |
+ 326
|
23 USD |
|
6 years ago
Dec 13, 2017
|
Bought 4.69 K USD
|
Mansfield David P
President and CEO |
+ 200
|
23.45 USD |
|
6 years ago
Dec 13, 2017
|
Bought 2.34 K USD
|
Mansfield David P
President and CEO |
+ 100
|
23.425 USD |
|
6 years ago
Dec 13, 2017
|
Bought 4.65 K USD
|
Mansfield David P
President and CEO |
+ 199
|
23.35 USD |
|
6 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. 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 weeks 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
- 3 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
- 3 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
- 4 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
- 6 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
- 6 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
- 9 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
- 9 months 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
- 9 months 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
- 9 months 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
- 10 months ago
Provident Bancorp, Inc. Reports Results for the September 30, 2023 Quarter
AMESBURY, Mass. , Oct. 26, 2023 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended September 30, 2023 of $2.5 million, or $0.15 per diluted share, compared to $3.5 million, or $0.21 per diluted share, for the quarter ended June 30, 2023.
prnewswire.com
- 1 year ago
8. Profile Summary
Provident Bancorp, Inc. PVBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 194 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. Kevin Barton
Senior Vice President of Provident Bank
Ms. Kimberly Scholtz
Corporate Secretary
Mr. Joseph Mancini
Executive Vice President & Chief Operating Officer
Mr. Kenneth R. Fisher
Executive Vice President & Chief Financial Officer
Mr. Joseph Kenney
Executive Vice President & CLO of The Provident Bank
Ms. Anne Lapointe
Executive Vice President & Chief of Staff of Provident Bank
Ms. Jean Jinsun Kim
Senior Vice President of Sponsor Finance
Kathleen Barrett
Vice President & Director of Marketing
Mr. Joseph B. Reilly
President, Chief Executive Officer & Director
Ms. Janine Jakubauskas
Executive Vice President & Chief Risk Officer of BankProv