Provident Bancorp, Inc. is a Maryland corporation that was formed in 2019 to be the successor corporation to Provident Bancorp, Inc., a Massachusetts corporation, and the holding company for The Provident Bank, which also operates under the name BankProv. The Provident Bank is an innovative, commercial bank that finds solutions for its business and private clients. The bank is committed to strengthening the economic development of the regions it serves, by working closely with businesses and private clients and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).

Company profile
Ticker
PVBC
Exchange
Website
CEO
David P. Mansfield
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
PVBC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
30 Jan 23
10-Q
2022 Q3
Quarterly report
17 Jan 23
8-K
BankProv announces Executive Transitions
23 Dec 22
RW
Registration withdrawal request
2 Dec 22
8-K
Receives Nasdaq Notice Regarding Late Form 10-Q Filing
22 Nov 22
8-K
Results of Operations and Financial Condition
15 Nov 22
NT 10-Q
Notice of late quarterly filing
15 Nov 22
8-K
Results of Operations and Financial Condition
18 Oct 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
8-K
Results of Operations and Financial Condition
1 Aug 22
Latest ownership filings
4
Carol L Houle
20 Dec 22
4
David P Mansfield
20 Dec 22
SC 13G
M3 PARTNERS LP
19 Sep 22
4
Laurie H Knapp
25 Aug 22
11-K
Annual report of employee stock purchases
27 Jun 22
4
Laurie H Knapp
3 Mar 22
4
David P Mansfield
3 Mar 22
SC 13G/A
M3 PARTNERS LP
14 Feb 22
SC 13G/A
PRICE T ROWE ASSOCIATES INC /MD/
14 Feb 22
SC 13G
PRINCIPAL FINANCIAL GROUP INC
11 Feb 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 155.91 mm | 155.91 mm | 155.91 mm | 155.91 mm | 155.91 mm | 155.91 mm |
Cash burn (monthly) | (no burn) | 2.94 mm | 15.76 mm | 2.26 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 11.97 mm | 64.19 mm | 9.20 mm | n/a | n/a |
Cash remaining | n/a | 143.95 mm | 91.72 mm | 146.71 mm | n/a | n/a |
Runway (months of cash) | n/a | 49.0 | 5.8 | 64.9 | n/a | n/a |
Institutional ownership, Q3 2021
48.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 68 |
Opened positions | 5 |
Closed positions | 5 |
Increased positions | 17 |
Reduced positions | 27 |
13F shares | Current |
---|---|
Total value | 133.94 mm |
Total shares | 8.65 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
T. Rowe Price | 1.68 mm | $26.87 mm |
M3 Partners | 1.13 mm | $13.62 mm |
BLK Blackrock | 1.07 mm | $17.16 mm |
Vanguard | 785.14 k | $12.58 mm |
M3F | 702.14 k | $11.25 mm |
Maltese Capital Management | 275.00 k | $4.41 mm |
Geode Capital Management | 273.22 k | $4.38 mm |
STT State Street | 237.11 k | $3.80 mm |
Bridgeway Capital Management | 232.80 k | $3.73 mm |
Jacobs Asset Management | 210.01 k | $3.36 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Dec 22 | Mansfield David P | Common Stock | Payment of exercise | Dispose F | No | No | 7.25 | 5,787 | 41.96 k | 74,001 |
17 Dec 22 | Carol L Houle | Common Stock | Payment of exercise | Dispose F | No | No | 7.25 | 2,042 | 14.80 k | 66,676 |
23 Aug 22 | Knapp Laurie H | Common Stock | Option exercise | Acquire M | No | No | 8.61 | 1,000 | 8.61 k | 38,035 |
23 Aug 22 | Knapp Laurie H | Stock Options Common Stock | Option exercise | Dispose M | No | No | 8.61 | 1,000 | 8.61 k | 22,108 |
News
Provident Bancorp Q4 EPS $0.16 Misses $0.28 Estimate
27 Jan 23
Overview Of Value Stocks In The Financial Services Sector
5 Jan 23
BankProv Announces Executive Transitions; Carol Houle, CFO, And Joe Reilly, Who Has Been Serving As The Board Chair, Will Serve As Interim Co-CEOs And Co-Presidents; Laurie Knapp To Serve As Board Chair Effective December 20, 2022
23 Dec 22
Stocks That Hit 52-Week Lows On Tuesday
6 Dec 22
Stocks That Hit 52-Week Lows On Monday
5 Dec 22
Press releases
Provident Bancorp Shareholder Notice
31 Jan 23
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Provident Bancorp, Inc. Investors to Inquire About Securities Class Action Investigation - PVBC
31 Jan 23
Provident Bancorp Investor Alert
30 Jan 23
Provident Bancorp Shareholder Investigation: Submit Your Losses to Johnson Fistel
30 Jan 23
ROSEN, LEADING INVESTOR COUNSEL, Encourages Provident Bancorp, Inc. Investors to Inquire About Securities Class Action Investigation – PVBC
29 Jan 23