Provident Bancorp – Consensus Indicates Potential -6.2% Downside

Broker Ratings

Provident Bancorp found using ticker (PVBC) now have 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 12.5 and 10 with a mean TP of 11.25. Now with the previous closing price of 11.99 this would imply there is a potential downside of -6.2%. The 50 day MA is 10.45 and the 200 moving average now moves to 8.67. The market cap for the company is $235m. You can visit the company’s website by visiting: http://www.theprovidentbank.com

Provident Bancorp operates as a holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit. As of December 31, 2019, it operated through its main office and six branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire, as well as four loan production offices located in Boston and Dedham, Massachusetts, and Nashua and Portsmouth, New Hampshire. Provident Bancorp was founded in 1828 and is headquartered in Amesbury, Massachusetts.

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