Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
16 July 2015Website:
http://www.bankprov.comNext earnings report:
26 July 2024Last dividends:
11 August 2022Next dividends:
N/APrice
after hours | Mon, 24 Jun 2024 20:00:09 GMTAnalysts recommendations
Institutional Ownership
PVBC Latest News
Provident Bancorp is a small bank with a market capitalization of $143 million, specializing in technology-first banking solutions for corporate clients. Despite a net loss of $21.5 million in 2022 due to digital asset exposure, the bank's overall financial health appears robust, with deposits growing in Q1 2023. The company is rated a 'buy' due to its strong financial position and growth prospects, although investors should consider interest rate exposure before investing.
What type of business is Provident Bancorp?
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.
What sector is Provident Bancorp in?
Provident Bancorp is in the Financial Services sector
What industry is Provident Bancorp in?
Provident Bancorp is in the Banks - Regional industry
What country is Provident Bancorp from?
Provident Bancorp is headquartered in United States
When did Provident Bancorp go public?
Provident Bancorp initial public offering (IPO) was on 16 July 2015
What is Provident Bancorp website?
https://www.bankprov.com
Is Provident Bancorp in the S&P 500?
No, Provident Bancorp is not included in the S&P 500 index
Is Provident Bancorp in the NASDAQ 100?
No, Provident Bancorp is not included in the NASDAQ 100 index
Is Provident Bancorp in the Dow Jones?
No, Provident Bancorp is not included in the Dow Jones index
When does Provident Bancorp report earnings?
The next expected earnings date for Provident Bancorp is 26 July 2024