Provident Bancorp Inc (Maryland) reports results for the quarter ended in June - Earnings Summary

Provident Bancorp (Maryland)

28/07/2023 24:23

* Provident Bancorp Inc (Maryland)  PVBC.OQ  reported
quarterly
adjusted earnings of 21 cents​​ per share for the quarter ended
in June. The lone analyst forecast for the quarter was
for earnings of 14 cents per share.
    * Revenue fell 10.8% to $16.60 million from a year ago;
analysts
expected $18.00 million. 
    * Provident Bancorp Inc (Maryland)'s reported EPS for the
quarter
was 21 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Provident Bancorp Inc (Maryland) shares had risen by 15.9%
this
quarter and gained 31.9% so far this year.
    * The company reported quarterly net income of $3.46
million.
    * Wall Street's median 12-month price target for Provident
Bancorp
Inc (Maryland) is $9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.14           0.21           Beat
 Mar. 31 2023      0.16           0.13           Missed
 Dec. 31 2022      0.30           0.16           Missed
 Sep. 30 2022      0.28           -2.15          Missed