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Provident Bancorp ( (PVBC) ) has issued an announcement.
On June 5, 2025, NB Bancorp, Inc. and its subsidiary Needham Bank entered into a merger agreement with Provident Bancorp, Inc. and its subsidiary BankProv. This transaction involves a series of mergers, with Needham ultimately acquiring Provident and BankProv. However, following the announcement, Provident faced lawsuits and demand letters from stockholders alleging false and misleading proxy statements. Provident denies these allegations but has made additional disclosures to avoid litigation delays and costs.
The most recent analyst rating on (PVBC) stock is a Buy with a $13.00 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 Outperform.
Provident Bancorp’s overall stock score is driven by strong financial performance with robust cash flow and positive technical indicators. The merger with NB Bancorp is a significant strategic move, boosting the score. However, the high P/E ratio poses a valuation concern, keeping the score moderated.
To see Spark’s full report on PVBC stock, click here.
More about Provident Bancorp
Average Trading Volume: 180,239
Technical Sentiment Signal: Buy
Current Market Cap: $230.7M
Learn more about PVBC stock on TipRanks’ Stock Analysis page.