Provident Bancorp Announces Merger with NB Bancorp

Provident Bancorp ( (PVBC) ) just unveiled an update.

On June 5, 2025, Provident Bancorp announced its entry into a Merger Agreement with NB Bancorp, Inc., which will see Provident merge into NB Bancorp. As part of the merger, Joseph B. Reilly, Provident’s Director, President, and CEO, will join the boards of both the Company and Needham Bank. Additionally, Mr. Reilly will provide consulting services to Needham for 18 months post-merger, receiving a monthly fee and two lump sum payments totaling $1,050,000. This strategic move is expected to enhance Provident’s market positioning and operational capabilities.

The most recent analyst rating on (PVBC) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Provident Bancorp stock, see the PVBC Stock Forecast page.

Spark’s Take on PVBC Stock

According to Spark, TipRanks’ AI Analyst, PVBC is a Neutral.

Provident Bancorp’s strengths lie in its solid balance sheet with low leverage, yet significant risks are highlighted by income volatility and cash flow issues. Technical indicators point to weak momentum and a bearish trend. The high P/E ratio, without a supporting dividend, suggests overvaluation. These factors combine to yield a moderate overall score.

To see Spark’s full report on PVBC stock, click here.

More about Provident Bancorp

Average Trading Volume: 26,410

Technical Sentiment Signal: Buy

Current Market Cap: $202.4M

See more insights into PVBC stock on TipRanks’ Stock Analysis page.