Provident Bancorp Inc (Maryland) reports results for the quarter ended December 31 - Earnings Summary

Provident Bancorp (Maryland)

23/01/2025 21:40

* Provident Bancorp Inc (Maryland)  PVBC.OQ  reported
quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of 18 cents.  The lone analyst forecast for
the quarter was for earnings of 15 cents per share. 
    * Revenue fell 1.6% to $14.97 million from a year ago;
analysts
expected $14.50 million. 
    * Provident Bancorp Inc (Maryland)'s reported EPS for the
quarter
was 29 cents​.
    * The company reported quarterly net income of $4.88
million.
    * Provident Bancorp Inc (Maryland) shares had fallen by 4.3%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 200%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Provident Bancorp
Inc (Maryland) is $12.00 
This summary was machine generated from LSEG data January 23 at
09:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.15           0.29           Beat
 Sep. 30 2024      0.07           0.04           Missed
 Jun. 30 2024      0.05           -0.20          Missed
 Mar. 31 2024      0.07           0.30           Beat