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

• Provident Bancorp Inc (Maryland) PVBC.OQ reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 30 cents. The lone analyst forecast for the quarter was for earnings of 22 cents per share.

• Revenue rose 3% to $14.26 million from a year ago; analysts expected $14.90 million.

• Provident Bancorp Inc (Maryland)'s reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $2.17 million.

• Provident Bancorp Inc (Maryland) shares had risen by 1.0% this quarter and gained 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 82.5% 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 $13.00

This summary was machine generated from LSEG data April 25 at 09:03 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)