Provident Bancorp (PVBC) AI Stock Analysis

• Market Cap: $203.54M
• Dividend Yield: N/A
• Average Volume (3M): 24.34K
• Price to Earnings (P/E): 26.6
• Beta (1Y): 0.62
• Revenue Growth: -2.04%
• EPS Growth: -34.22%
• Country: US
• Employees: 188
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.43
• Shares Outstanding: 17,730,043
• 10 Day Avg. Volume: 21,345
• 30 Day Avg. Volume: 24,341
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.67
• Price to Cash Flow (P/CF): 16.10
• P/FCF Ratio: 4.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $12.00
• Price Target Upside: 4.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

Provident Bancorp shows a strong balance sheet with low leverage, which is a significant positive. However, the company struggles with revenue consistency and cash flow generation, leading to a moderate financial performance score. The technical indicators reinforce a bearish outlook, and the high P/E ratio without a dividend yield points to valuation concerns. These factors together result in a cautious outlook for the stock.

Provident Bancorp Business Overview & Revenue Model

Company Description

Provident Bancorp, Inc. (PVBC) is a bank holding company based in the United States. It operates through its subsidiary, The Provident Bank, which offers a range of financial services, including personal and business banking products, commercial lending, and cash management services. The company primarily serves individuals, small to medium-sized businesses, and professionals in its local markets. Provident Bancorp is committed to providing personalized customer service and innovative financial solutions.

How the Company Makes Money

Provident Bancorp makes money primarily through interest income derived from its lending activities. The bank extends loans to individuals and businesses, charging interest over the life of these loans. It also earns revenue from fees associated with various banking services, such as account maintenance fees, transaction fees, and penalties. Additionally, Provident Bancorp generates income from its investment portfolio, which includes securities that yield returns. The bank's profitability is influenced by factors such as interest rate environments, loan demand, and economic conditions in its operating regions.

Provident Bancorp Financial Statement Overview

Summary

Provident Bancorp exhibits strengths in its balance sheet, particularly in maintaining low leverage. However, income statement volatility and cash flow inconsistencies present risks. The company must stabilize revenue and improve operational cash generation to enhance financial performance.

Income Statement

Provident Bancorp has shown fluctuations in revenue over recent years, with a decline in the most recent year. Gross Profit Margin has remained strong due to the nature of banking operations. However, Net Profit Margin has been inconsistent, reflecting variability in net income, which was notably negative in 2022. The absence of EBIT and EBITDA data for some years limits a comprehensive margin analysis.

Balance Sheet

The company maintains a relatively low Debt-to-Equity ratio, indicating conservative leverage practices, which is beneficial in the banking industry. Stockholders' Equity has remained stable, supporting a solid Equity Ratio. However, fluctuations in Total Assets and Liabilities should be monitored for potential risks.

Cash Flow

Cash flow figures show variability, with Free Cash Flow being inconsistent across years. The absence of Operating Cash Flow in the latest year raises concerns about the company's ability to generate cash from operations. Historical data indicates periods of strong free cash flow, but sustainability is uncertain.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
55.40M	65.91M	81.18M	66.60M	58.02M
	Gross Profit
55.40M	65.91M	81.18M	66.60M	58.02M
	EBIT
15.95M	0.00	-22.96M	22.09M	16.61M
	EBITDA
0.00	0.00	-26.16M	23.12M	17.70M
	Net Income Common Stockholders
7.27M	10.95M	-21.47M	16.14M	11.98M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
169.14M	220.33M	109.23M	189.95M	116.03M
	Total Assets
1.59B	1.67B	1.64B	1.73B	1.51B
	Total Debt
9.56M	108.87M	131.11M	17.89M	17.99M
	Net Debt
-159.58M	-111.46M	50.48M	-135.23M	-65.83M
	Total Liabilities
1.36B	1.45B	1.43B	17.89M	17.99M
	Stockholders Equity
231.09M	221.90M	207.54M	233.78M	235.86M
Cash Flow		Free Cash Flow
0.00	5.21M	21.64M	23.90M	17.27M
	Operating Cash Flow
0.00	5.55M	21.91M	24.31M	18.18M
	Investing Cash Flow
0.00	104.73M	-22.34M	-155.72M	-360.45M
	Financing Cash Flow
0.00	29.42M	-72.05M	200.70M	366.43M

Provident Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PVBC, the sentiment is Negative. The current price of 11.49 is below the 20-day moving average (MA) of 11.58, below the 50-day MA of 11.85, and above the 200-day MA of 11.05, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 46.08 is Neutral, neither overbought nor oversold. The STOCH value of 29.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PVBC.

Provident Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFIN	76 Outperform	$202.61M	5.73	10.06%	4.71%	14.58%	-34.99%
OVLY	67 Neutral	$208.63M	8.26	14.28%	2.09%	2.83%	-19.38%
Sector *	63 Neutral	$14.35B	9.94	8.94%	4.37%	16.34%	-11.76%
FXNC	58 Neutral	$201.38M	22.47	4.93%	2.72%	32.97%	-24.82%
PVBC	55 Neutral	$203.54M	26.57	3.21%	―	-2.04%	-34.22%
FFNW	55 Neutral	$209.11M	195.51	0.66%	2.29%	2.28%	-83.17%
EHTH	54 Neutral	$200.02M	―	1.10%	―	17.56%	48.73%

Provident Bancorp Corporate Events

Provident Bancorp Extends COO Joseph Mancini’s Contract

The Board of Directors of BankProv, a wholly-owned subsidiary of Provident Bancorp, Inc., has extended the employment contract of Joseph Mancini, the Chief Operating Officer, until December 31, 2026. This decision reflects continuity in leadership without altering the terms of the existing agreement, indicating stability in the company’s operational management.