Provident Bancorp CS shares had a trading volume of 785 on Tuesday. Overall, volume was down 78.05% under the stocks normal daily volume.
Traders are a little more bullish on Provident Bancorp CS as inferred by the downtick in short interest. The firm recorded a fall in short interest of -8.12% between September 29, 2017 and October 13, 2017. Short shares fell 4,644 over that timeframe. Days to cover increased from 9.0 to 12.0 and the percentage of shorted shares was 0.01% on October 13.
The following firms have recently changed their position in PVBC. Citigroup Inc expanded its ownership by buying 1,008 shares an increase of 3,251.6% from 06/30/2017 to 09/30/2017. Citigroup Inc now holds 1,039 shares with a value of $24,000. The total value of its holdings increased 2,300.0%. As of quarter end California State Teachers Retirement System had sold 500 shares trimming its holdings by 6.4%. The value of the investment in Provident Bancorp CS went from $174,000 to $168,000 decreasing 3.4% quarter over quarter.
As of the end of the quarter Wellington Management Group Llp had acquired a total of 9,400 shares growing its position 2.8%. The value of the total investment in Provident Bancorp CS increased from $7,616,000 to $8,054,000 a change of 5.8% since the last quarter. As of the end of the quarter Basswood Capital Management, L.l.c. had bought 14,378 shares growing its stake by 5.5%. The value in dollars increased from $5,910,000 to $6,414,000 a change of $504,000 quarter to quarter.
The company is trading up by 1.27% since yesterday’s close of 23.55. Provident Bancorp CS’s P/E ratio is 27.77 and market cap is 229.63M. As of the last earnings report the EPS was $0.86 with 9.63M shares currently outstanding.
Provident Bancorp, Inc., launched on August 25, 2011, is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire. The Bank also has a loan production office in Nashua, New Hampshire. Its primary lending area encompasses Northeastern Massachusetts and Southern New Hampshire, with a focus on Essex County, Massachusetts, and Hillsborough and Rockingham Counties, New Hampshire. Its primary deposit-gathering area is concentrated in Essex County, Massachusetts, Rockingham County, New Hampshire, and Hillsborough County, New Hampshire. The Bank attracts deposits from the general public and uses those funds to originate primarily loans, primarily commercial real estate, construction and land development and commercial business loans, and to invest in securities. The Provident Bank’s subsidiaries include Provident Security Corporation, which is established to buy, sell, and hold investments for its own account, and 5 Market Street Security Corporation, which is established to buy, sell, and hold investments for its own account..