Provident Bancorp Inc (Maryland) reports results for the quarter ended December 31 - Earnings Summary

• Provident Bancorp Inc (Maryland) PVBC.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 18 cents. The lone analyst forecast for the quarter was for earnings of 15 cents per share.

• Revenue fell 1.6% to $14.97 million from a year ago; analysts expected $14.50 million.

• Provident Bancorp Inc (Maryland)'s reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $4.88 million.

• Provident Bancorp Inc (Maryland) shares had fallen by 4.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 200% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Provident Bancorp Inc (Maryland) is $12.00

This summary was machine generated from LSEG data January 23 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)