Provident Bancorp Inc (PVBC) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Provident Bancorp Inc (PVBC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Provident Bancorp Inc provides a range of banking products and services to small and medium-sized commercial customers. The company, through its subsidiary, is a Massachusetts-chartered stock savings bank. Provident Bancorp Inc has a market cap of $223.130 million; its shares were traded at around $23.18 with a P/E ratio of 23.18 and P/S ratio of 4.95.


For the last quarter Provident Bancorp Inc reported a revenue of $10.8 million, compared with the revenue of $13.04 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $41.3 million, a decrease of 1.7% from the previous year. For the last five years Provident Bancorp Inc had an average revenue growth rate of 13.3% a year.

The reported diluted earnings per share was $1 for the year, an increase of 16.3% from previous year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Provident Bancorp Inc has the cash and cash equivalents of $28.6 million, compared with $47.7 million in the previous year. The long term debt was $68.0 million, compared with $26.8 million in the previous year. Provident Bancorp Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $23.18, Provident Bancorp Inc is traded at close to its historical median P/S valuation band of $24.86. The P/S ratio of the stock is 4.95, while the historical median P/S ratio is 5.31. The stock lost 14.97% during the past 12 months.

For the complete 20-year historical financial data of PVBC, click here.

This article first appeared on GuruFocus.


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