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Provident Financial Launches New 5% Share Repurchase Program

Story Highlights
  • Provident Financial authorized a new repurchase of up to five percent of its common stock.
  • The company canceled its prior January 2025 buyback plan, leaving remaining authorized shares unpurchased.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Provident Financial Launches New 5% Share Repurchase Program

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Provident Financial Holdings ( (PROV) ) has issued an update.

On January 22, 2026, Provident Financial Holdings, Inc. announced that its Board of Directors had authorized a new stock repurchase program for up to five percent of the company’s common stock, or approximately 318,875 shares. The buyback, set to begin on January 23, 2026, will be executed over the following year through open-market purchases or privately negotiated transactions, with the pace and scale determined by market conditions, the company’s capital needs and available cash. At the same time, the company canceled its January 2025 stock repurchase program effective January 23, 2026, leaving 16,825 previously authorized shares that will no longer be repurchased, signaling a refreshed capital management approach that may affect share liquidity and capital allocation priorities for existing investors.

The most recent analyst rating on (PROV) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on Provident Financial Holdings stock, see the PROV Stock Forecast page.

Spark’s Take on PROV Stock

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

Provident Financial Holdings’ overall stock score is primarily influenced by its stable financial performance and attractive valuation. The company’s strong cash flow and profitability are offset by challenges in revenue growth and high leverage. Technical analysis indicates a bearish trend, which weighs on the score. The earnings call provided a cautiously optimistic outlook, but highlighted challenges in loan growth and increased nonperforming assets.

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

More about Provident Financial Holdings

Provident Financial Holdings, Inc., listed on NASDAQ GS under the symbol PROV, is the holding company for Provident Savings Bank, F.S.B., a California-based financial institution focused on providing banking services within its regional markets.

Average Trading Volume: 7,589

Technical Sentiment Signal: Buy

Current Market Cap: $103.3M

For an in-depth examination of PROV stock, go to TipRanks’ Overview page.

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