Option chain shows key data for Provident Bancorp's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Provident Bancorp.

Provident Bancorp (NASDAQ:PVBC) Stock, Option Chain

Provident Bancorp

Provident Bancorp Inc provides a range of banking products and services to small and medium-sized commercial customers. It attracts deposits from the general public and uses those funds to originate loans, commercial real estate, construction and land, and commercial business loans, and to invest in securities. The company lending activities include providing commercial real estate loans, multi-family residential real estate loans, commercial business loans, construction and land development loans, one-to four-family residential loans, home equity loans & lines of credit, and consumer loans.

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The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.

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U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.

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	Fast Radius, Inc. (NASDAQ: FSRD) shares surged 106.3% to close at $0.21 on Wednesday after dipping around 48% on Tuesday. Fast Radius established a timeline for a Chapter 11 sale process.


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Provident Bancorp Inc

Earnings Beats

Provident Bancorp Q4 2024 GAAP EPS $0.29 Beats $0.15 Estimate

Buybacks

Provident Bancorp Adopts Stock Repurchase Program Of Up To 883,366 Shares

Stephens &amp; Co. analyst Matt Breese maintains Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) with a Equal-Weight and raises the price target from $11 to $12.

Price Target

Analyst Ratings

Stephens & Co. Maintains Equal-Weight on Provident Bancorp, Raises Price Target to $12

Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.07 by 42.86 percent. The company reported quarterly sales of $14.117 million which beat the analyst consensus estimate of $13.700 million by 3.04 percent. This is a 9.81 percent decrease over sales of $15.653 million the same period last year.

Earnings Misses

Provident Bancorp Q3 2024 GAAP EPS $0.04 Misses $0.07 Estimate, Sales $14.117M Beat $13.700M Estimate

Stephens &amp; Co. analyst Matt Breese reiterates Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) with a Equal-Weight and maintains $11 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Provident Bancorp, Maintains $11 Price Target

Provident Bancorp Q2 2024 GAAP EPS $(0.20)

Provident Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) (the "Company"), the holding company for <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4160520-1&amp;h=219651870&amp;u=http%3A%2F%2Fwww.bankprov.com%2F&amp;a=BankProv">BankProv</a> (the "Bank"), announced today the appointment of Kenneth Fisher as Executive Vice President and Chief Financial Officer of both the Company and the Bank. Mr. Fisher is a CPA and seasoned financial professional who brings over two decades of experience in finance, accounting and executive leadership to his new role.
BankProv — widely recognized in the commercial banking sector for its devotion to empowering local businesses and for its expertise in delivering innovative banking services — welcomes Mr. Fisher as a key addition to its executive team. In his capacity as CFO, Mr. Fisher will oversee our finance, treasury and investor relation functions, while supporting the Company's strategic initiatives.
Prior to joining BankProv, Mr. Fisher most recently served as CFO at Bluejay Diagnostics, Inc., an early-stage medical diagnostics company. His previous roles include Executive Vice President, Chief Financial Officer, and Treasurer at Meridian Bancorp, Inc. and its subsidiary, East Boston Savings Bank, among others. He holds a Bachelor's Degree in Business Administration from the Isenberg School of Management at the University of Massachusetts at Amherst and is a graduate of the New England School for Financial Studies.
Joe Reilly, CEO of BankProv, expressed his enthusiasm about Mr. Fisher joining the executive leadership team, stating, "We are delighted to announce Ken's appointment as CFO of BankProv. His extensive experience and proven track record in financial services make him an invaluable asset to our organization as we continue to innovate and grow."
In response to his appointment, Mr. Fisher remarked, "I am thrilled to join BankProv and be part of a team that is committed to driving innovation in the banking industry. I look forward to contributing to the continued success and growth of the company."

Management

Provident Bancorp Names Kenneth Fisher Executive Vice President And CFO

Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.07 by 328.57 percent. This is a 130.77 percent increase over earnings of $0.13 per share from the same period last year.

Provident Bancorp Q1 EPS $0.30 Beats $0.07 Estimate

Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.12 by 50 percent. This is a 12.5 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $15.21 million which missed the analyst consensus estimate of $15.50 million by 1.86 percent. This is a 26.45 percent decrease over sales of $20.68 million the same period last year.

Provident Bancorp Q4 EPS $0.18 Beats $0.12 Estimate, Sales $15.21M Miss $15.50M Estimate

JOSEPH STILWELL, 10% Owner at Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>), reported a large insider buy on September 28, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001778784/000110465923104696//Archives/edgar/data/1778784/000110465923104696/0001104659-23-104696-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that STILWELL purchased 7,926 shares of Provident Bancorp. The total transaction amounted to $75,094. 
Provident Bancorp shares are trading up 0.52% at $9.65 at the time of this writing on Friday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001778784">Check Out The Full List Of Provident Bancorp's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Provident Bancorp Insider Trades Send a Signal

JOSEPH STILWELL, 10% Owner at Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>), reported a large insider buy on September 14, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001778784/000110465923100686//Archives/edgar/data/1778784/000110465923100686/0001104659-23-100686-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that STILWELL purchased 7,200 shares of Provident Bancorp. The total transaction amounted to $70,184. 
Provident Bancorp shares are trading down 0.37% at $9.96 at the time of this writing on Friday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001778784">Check Out The Full List Of Provident Bancorp's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Provident Bancorp 10% Owner Makes $70K Stock Purchase

Chase Kathleen Curran, Board Member at Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>), reported a large insider buy on August 7, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001778784/000143774923022281//Archives/edgar/data/1778784/000143774923022281/0001437749-23-022281-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Curran purchased 5,408 shares of Provident Bancorp. The total transaction amounted to $52,828. 
Provident Bancorp shares are trading down 1.77% at $9.73 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001778784">Check Out The Full List Of Provident Bancorp's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member of Provident Bancorp Makes $52K Buy

The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>First Savings Financial Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fsfg#NASDAQ">FSFG</a>)</h3>
<ul>
<li>First Savings Financial Group reported net income of $2.3 million, or $0.34 per diluted share, for the quarter ended June 30, 2023. Larry W. Myers, President and CEO, said, &ldquo;This challenging environment for the banking industry will pass, but as it persists we&rsquo;re active to realign the balance sheet, stabilize the margin, manage expenses and make select investments in opportunities that will be fruitful in future quarters and years.&rdquo; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/FSFG">52-week high of $24.09. </a>.</li>
<li>RSI Value: 70.40</li>
<li>FSFG Price Action: Shares of First Savings Financial fell 4.1% to close at $17.27 on Thursday.</li>
</ul>
<h3>Provident Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pvbc#NASDAQ">PVBC</a>)</h3>
<ul>
<li>Provident Bancorp reported better-than-expected second-quarter earnings. Carol Houle, Co-Chief Executive Officer and Chief Financial Officer said, &quot;Net interest margin has declined significantly due to our cost of funds outpacing yield on assets. The ten rate hikes since the beginning of 2022, coupled with the speed in which deposits can be moved, has pressured banks to increase deposit rates at a faster pace to remain competitive.&quot; The company&rsquo;s <a href="https://www.benzinga.com/quote/PVBC"> stock has a 52-week high </a> of $15.34.</li>
<li>RSI Value: 70.87</li>
<li>PVBC Price Action: Shares of Provident Bancorp fell 1.9% to close at $9.77 on Thursday.</li>
</ul>
<h3>OFG Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ofg#NYSE">OFG</a>)</h3>
<ul>
<li>OFG Bancorp posted better-than-expected second-quarter results. Jos&eacute; Rafael Fern&aacute;ndez, Chief Executive Officer, said, &quot;The second quarter generated year-over-year increases of 16.5% in total core revenues and 10.7% in earnings per share. The period was highlighted by strong loan production, stable core deposits along with low cumulative deposit beta of 16% and increased operating leverage.&quot; The company has a <a href="https://www.benzinga.com/quote/OFG"> 52-week high </a> of $34.30.</li>
<li>RSI Value: 72.46</li>
<li>OFG Price Action: Shares of OFG Bancorp fell 1.1% to close at $33.28 on Thursday.</li>
</ul>
<h3>Medallion Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mfin#NASDAQ">MFIN</a>)</h3>
<ul>
<li>Medallion Finl reported better-than-expected second-quarter financial results. Donald Poulton, President and Chief Executive Officer of Medallion Bank, stated, &ldquo;Quarterly earnings surpassed our own expectations, largely due to strong collection activity on our legacy medallion portfolio and our borrowers&rsquo; ongoing resilience.&rdquo; The company&rsquo;s 52-week high is $10.14.</li>
<li>RSI Value: 77.04</li>
<li>MFIN Price Action: Shares of Medallion Financial fell 1.1% to close at $9.82 on Thursday.</li>
</ul>
<h3>Live Oak Bancshares, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lob#NYSE">LOB</a>)</h3>
<ul>
<li>Live Oak Bancshares posted upbeat quarterly results. &ldquo;This is a seminal moment in Live Oak&rsquo;s history,&rdquo; said Live Oak Chairman and CEO James S. (Chip) Mahan III. &ldquo;The last few months put mounting pressure on many financial institutions. While Live Oak sits in a unique and strong position, others across the industry still see headwinds as credit continues to tighten, the branch model remains costly, and customers demand higher deposit rates.&rdquo; The company <a href="https://www.benzinga.com/quote/LOB"> has a 52-week high </a> of $43.72.</li>
<li>RSI Value: 78.61</li>
<li>LOB Price Action: Shares of Live Oak Bancshares fell 0.9% to settle at $37.09 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/08/33567089/amazon-owens-minor-and-3-stocks-to-watch-heading-into-friday"> Amazon, Owens &amp; Minor And 3 Stocks To Watch Heading Into Friday </a>

Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.15 by 40 percent. This is a 36.36 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $16.60 million which missed the analyst consensus estimate of $18.30 million by 9.27 percent. This is a 17.63 percent decrease over sales of $20.16 million the same period last year.

Provident Bancorp Q2 EPS $0.21 Beats $0.15 Estimate, Sales $16.60M Miss $18.30M Estimate

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 1.03% to 32,145.42 while the NASDAQ rose 1.78% to 11,388.42. The S&amp;P 500, also rose, gaining, 1.51% to 3,913.80.
Check This Out: <a href="https://www.benzinga.com/news/23/03/31338835/top-5-health-care-stocks-that-are-ticking-portfolio-bombs"> Top 5 Health Care Stocks That Are Ticking Portfolio Bombs</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>
<ul>
<li>Financials shares rose by 2.5% on Tuesday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included Velocity Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vel#NYSE">VEL</a>), up 11%, and Provident Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pvbc#NASDAQ">PVBC</a>), up 9%.</li>
<li>In trading on Tuesday, consumer staples shares rose by just 0.3%.</li>
</ul>

&nbsp; 
<h3>Top Headline</h3>

The annual inflation rate in the US eased to 6% in February, the lowest level since September 2021, in line with market expectations, and versus 6.4% in the previous month.
&nbsp; 
<h3>Equities Trading UP</h3>
<ul>
<li>PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>) shares shot up 45% to $14.10 as part of what appears to be a relief rally in the financial <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.</li>
<li>Shares of First Republic Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frc#NYSE">FRC</a>) got a boost, shooting 44% to $44.85 as part of what appears to be a relief rally in the financial sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.</li>
<li>Western Alliance Bancorporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) shares were also up, gaining 34% to $35.01. Wells Fargo maintained an Overweight rating on the stock, but lowered its price target from $90 to $65. Western Alliance Bancorporation&rsquo;s form 13G showed Citadel Advisors LLC increased stake in company to 5.3%.</li>
</ul>

&nbsp; 
<h3>Equities Trading DOWN</h3>
<ul>
<li>GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>) shares tumbled 28% to $32.05 after the company issued weak revenue guidance.</li>
<li>Shares of Oportun Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oprt#NASDAQ">OPRT</a>) were down 26% to $3.11 after the company posted downbeat Q4 results and issued weak revenue forecast.</li>
<li>RAPT Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rapt#NASDAQ">RAPT</a>) was down, falling 22% to $20.75 after reporting Q4 results.</li>
</ul>

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&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 1.8% to $73.46 while gold traded down 0.4% at $1,908.50.
Silver traded down 0.4% to $21.835 on Tuesday while copper fell 0.3% to $4.0435.
&nbsp; 
<h3>Euro zone</h3>

European shares were higher today. The eurozone&rsquo;s STOXX 600 gained 1.5%, London&rsquo;s FTSE 100 rose 0.8% while Spain&rsquo;s IBEX 35 Index climbed 2.3%. The German DAX climbed 1.9% French CAC 40 rose 1.8% and Italy&rsquo;s FTSE MIB Index rose 2.1%.
Italy&rsquo;s industrial production declined by 0.7% from a month ago in January. Spain&#39;s consumer price inflation rate was revised lower to 6.0% in February versus a preliminary reading of 6.1%.
The unemployment rate in the UK came in at 3.7% in November to January. Average weekly earnings climbed 5.7% year-over-year to GBP 630 in the three months to January.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed lower on Tuesday, with Japan&rsquo;s Nikkei 225 dropping 2.19%, Hong Kong&rsquo;s Hang Seng Index dropping 2.27% and China&rsquo;s Shanghai Composite Index declining 0.72%. India&rsquo;s S&amp;P BSE Sensex fell 0.58%.
Manufacturing production in Hong Kong dropped 0.1 percent year-over-year in the fourth quarter. Indian annual wholesale price inflation rate declined to 3.85% in February from 4.73% in the previous month. The Westpac-Melbourne Institute Index of Consumer Sentiment for Australia came in unchanged at 78.5 in March, while NAB business confidence index fell 10 points to -4 during February.
&nbsp; 
<h3>Economics</h3>
<ul>
<li>The NFIB Small Business Optimism Index rose to 90.9 in February, recording the highest level in three months.</li>
<li>The annual inflation rate in the US eased to 6% in February, the lowest level since September 2021, in line with market expectations, and versus 6.4% in the previous month.</li>
</ul>

Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31340269/insiders-buying-newell-brands-and-2-other-stocks"> Insiders Buying Newell Brands And 2 Other Stocks</a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,649,010 cases with around 1,148,990 deaths. India confirmed a total of at least 44,691,330 cases and 530,780 deaths, while France reported over 39,657,160 COVID-19 cases with 165,210 deaths. In total, there were at least 681,707,740 cases of COVID-19 worldwide with more than 6,812,900 deaths.

Provident Bancorp, Inc. (the &quot;Company&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>), the holding company for BankProv (the &quot;Bank&quot;), announced today that its Board of Directors (&quot;Board&quot;) has officially appointed&nbsp;Carol Houle&nbsp;and&nbsp;Joe Reilly&nbsp;as Co-CEOs and Co-Presidents effective immediately. The team served as interim Co-CEO&#39;s since&nbsp;December 23, 2022.&nbsp;Carol Houle&nbsp;will continue to serve as CFO in addition to her new role as Co-CEO.
&quot;The board is very pleased with the work that Joe and Carol have done in a very short time to help the Bank through the past few months, and we are confident that they are the right team to continue to lead the Bank going forward,&quot; said&nbsp;Laurie Knapp, Chairman of the Board. &quot;The Co-CEO positions will provide the institution with an unmatched leadership team and the ability for Carol to continue in her capacity as the CFO.&quot;
Houle joined the Bank in 2013 as the EVP and Chief Financial Officer after holding executive positions at Shatswell, Macleod &amp; Co., P.C. and T.C. Edwards &amp; Co., P.C. She is a proven leader that brings strategic vision to the organization, operational insight and extensive financial expertise.&nbsp;
&quot;I am excited to lead the Bank through its next chapter with Joe,&quot; said Houle. &quot;We recognize this is a tremendous opportunity and together we look forward to serving our clients, creating significant value for our shareholders and fostering an inclusive environment for our team members to thrive.&quot;
Reilly joined the Bank as a member of the Boards of BankProv and Provident Bancorp, Inc. in 2018 and was soon elected Chairman. He co-founded Centrix Bank in 1999 and led the organization as CEO until 2014 when the bank was acquired by Eastern Bank. Prior to co-founding Centrix Bank, Reilly was Chief Operating Officer and Senior Lending Officer at Centerpoint Bank. He is an industry veteran and a commercial banker known for his dedication to community involvement and local markets.
&quot;I am grateful to be able to support the organization in this new capacity,&quot; said Reilly. &quot;BankProv has a long history of being a&nbsp;trusted partner for businesses. We will continue to build upon our past successes of providing best-in-class banking products and being a premier Banking-as-a-Service (BaaS) provider.&quot;

BankProv Announces Carol Houle and Joe Reilly As Co-CEOs

Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.28 by 42.86 percent. This is a 23.81 percent decrease over earnings of $0.21 per share from the same period last year.

Provident Bancorp Q4 EPS $0.16 Misses $0.28 Estimate

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:</h2>
<ol>
<li>The Western Union (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>) - P/E: 6.65</li>
<li>United Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBCP#NASDAQ">UBCP</a>) - P/E: 9.74</li>
<li>Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) - P/E: 9.2</li>
<li>Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) - P/E: 9.43</li>
<li>Provident Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>) - P/E: 6.47</li>
</ol>
Most recently, The Western Union reported earnings per share at $0.42, whereas in Q2 earnings per share sat at $0.51. Its most recent dividend yield is at 6.83%, which has increased by 1.08% from 5.75% in the previous quarter.
United Bancorp looks to be undervalued. It possesses an EPS of $0.4, which has not changed since last quarter (Q2). Most recently, the company reported a dividend yield of 4.29%, which has increased by 0.15% from last quarter's yield of 4.14%.
Aflac has reported Q3 earnings per share at $1.15, which has decreased by 21.23% compared to Q2, which was 1.46. The company's most recent dividend yield sits at 2.48%, which has increased by 0.01% from 2.47% last quarter. 
This quarter, Toronto-Dominion Bank experienced an increase in earnings per share, which was $1.62 in Q3 and is now $1.64. The company's most recent dividend yield sits at 5.75%, which has increased by 1.58% from 4.17% last quarter. 
Provident Bancorp saw an increase in earnings per share from 0.32 in Q1 to $0.33 now. Its most recent dividend yield is at 1.03%, which has increased by 0.01% from 1.02% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

UBCP

Overview Of Value Stocks In The Financial Services Sector

&nbsp;Provident Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PVBC#NASDAQ">PVBC</a>), the holding company for BankProv, announced changes to the executive leadership team and named a new Board Chair, effective&nbsp;January 1, 2023.
In a mutual decision by the Board and&nbsp;Dave Mansfield&nbsp;&ndash; CEO and Board Member &ndash; Mr. Mansfield separated from both Provident Bancorp, Inc. and BankProv effective&nbsp;December 20, 2022.&nbsp;Carol Houle, CFO, and&nbsp;Joe Reilly, who has been serving as the Board Chair, will serve as interim Co-CEOs and Co-Presidents.&nbsp;Laurie Knapp, who has been serving as the Audit Committee Chair, will serve as Board Chair.
&quot;BankProv remains well-capitalized and on sound financial footing,&quot; said Reilly. &quot;Carol and I are confident in the Bank&#39;s future and are ready to provide continuity as we chart our course forward.&quot;
&quot;We thank Dave for his years of service to the Bank,&quot; said Houle. &quot;We remain committed to continuing BankProv&#39;s storied history of serving the community and providing innovative banking solutions to our customers.&quot;
&quot;Over the past 21 years, I have been fortunate to work with an amazing team at BankProv and I look forward to watching the Bank continue to grow,&quot; said Mansfield. &quot;I leave knowing the Bank is in capable hands.&quot;

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

Press Releases

Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors

Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million

Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer

Provident Bancorp, Inc. Reports Results for the June 30, 2024 Quarter

BankProv's Joel Gianninoto Named New Hampshire Banker of the Year by Bay Colony

Provident Bancorp, Inc. Reports Results for the September 30, 2024 Quarter

Provident Bancorp, Inc. Adopts Stock Repurchase Program

Provident Bancorp, Inc. Reports Fourth Quarter Net Income of $4.9 Million

Stephens & Co.

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