Provident Bancorp (PVBC) AI Stock Analysis

• Market Cap: $222.75M
• Dividend Yield: N/A
• Average Volume (3M): 288.90K
• Price to Earnings (P/E): 48.3
• Beta (1Y): 0.57
• Revenue Growth: -4.32%
• EPS Growth: -68.19%
• Country: US
• Employees: 177
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.13
• Shares Outstanding: 17,595,074
• 10 Day Avg. Volume: 316,993
• 30 Day Avg. Volume: 288,900
• PEG Ratio: 0.02
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.54
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 0.57
• Enterprise Value/Gross Profit: 2.16
• Enterprise Value/Ebitda: 5.54
• 1Y Price Target: $12.50
• Price Target Upside: -1.26% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: $13.00 ▲(2.69%Upside)

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.

Provident Bancorp Business Overview & Revenue Model

Company Description

Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, 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, mortgage warehouse, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit; and invests in securities, and state and municipal bonds. As of December 31, 2021, 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 two loan production offices located in Boston, Massachusetts, and Ponte Vedra, Florida. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts.

How the Company Makes Money

Provident Bancorp generates revenue primarily through interest income from its lending activities, including commercial and residential loans. The bank earns interest by charging borrowers rates higher than those it pays on deposits and other funding sources. Additionally, the company benefits from non-interest income derived from fees and service charges on deposit accounts, loan servicing fees, and other financial services. Partnerships with businesses for commercial banking services and the management of customer relationships contribute significantly to its earnings. Effective asset and liability management and strategic growth initiatives also play a role in sustaining its profitability.

Provident Bancorp Financial Statement Overview

Summary

Provident Bancorp exhibits strengths in its balance sheet, particularly in maintaining low leverage, which is beneficial for a bank. However, income statement volatility and cash flow inconsistencies present risks. The company must stabilize revenue and improve operational cash generation to enhance financial performance.

Income Statement

Provident Bancorp has shown fluctuations in revenue over recent years, with a decline in the most recent year. Gross Profit Margin has remained strong due to the nature of banking operations. However, Net Profit Margin has been inconsistent, reflecting variability in net income, which was notably negative in 2022. The absence of EBIT and EBITDA data for some years limits a comprehensive margin analysis.

Balance Sheet

The company maintains a relatively low Debt-to-Equity ratio, indicating conservative leverage practices, which is beneficial in the banking industry. Stockholders' Equity has remained stable, supporting a solid Equity Ratio. However, fluctuations in Total Assets and Liabilities should be monitored for potential risks.

Cash Flow

Cash flow figures show variability, with Free Cash Flow being inconsistent across years. The absence of Operating Cash Flow in the latest year raises concerns about the company's ability to generate cash from operations. Historical data indicates periods of strong free cash flow, but sustainability is uncertain.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	78.67M	55.27M	65.91M	24.75M	66.60M	58.02M
Gross Profit	78.94M	55.40M	65.91M	81.18M	66.60M	58.02M
EBITDA	4.99M	0.00	15.87M	-27.26M	22.09M	17.70M
Net Income	4.46M	7.27M	10.95M	-21.47M	16.14M	11.98M
Balance Sheet
Total Assets	1.55B	1.59B	1.67B	1.64B	1.73B	1.51B
Cash, Cash Equivalents and Short-Term Investments	124.98M	169.14M	220.33M	80.63M	189.95M	116.03M
Total Debt	131.36M	48.42M	108.87M	131.11M	17.89M	17.99M
Total Liabilities	1.32B	1.36B	1.45B	1.43B	17.89M	1.27B
Stockholders Equity	234.03M	231.09M	221.90M	207.54M	233.78M	235.86M
Cash Flow
Free Cash Flow	16.23M	11.53M	5.21M	21.64M	23.90M	17.27M
Operating Cash Flow	16.53M	11.90M	5.55M	21.91M	24.31M	18.18M
Investing Cash Flow	27.34M	0.00	104.73M	-22.34M	-155.72M	-360.45M
Financing Cash Flow	-109.74M	-82.47M	29.42M	-72.05M	200.70M	366.43M

Provident Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PVBC, the sentiment is Positive. The current price of 12.66 is above the 20-day moving average (MA) of 11.97, above the 50-day MA of 11.51, and above the 200-day MA of 11.34, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 82.48 is Negative, neither overbought nor oversold. The STOCH value of 92.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PVBC.

Provident Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFIN	80 Outperform	$227.49M	6.12	10.39%	4.90%	13.93%	-23.70%
OVLY	72 Outperform	$229.42M	9.23	13.99%	2.19%	0.40%	-10.62%
PVBC	71 Outperform	$222.75M	48.27	1.93%	―	-4.32%	-68.19%
Sector *	70 Neutral	€21.69B	27.54	10.92%	4.79%	4.57%	1.35%
FXNC	60 Neutral	$185.22M	25.18	3.74%	3.01%	35.45%	-42.78%
EHTH	59 Neutral	$129.19M	―	3.19%	―	17.04%	74.07%
FFNW	55 Neutral	$208.18M	194.65	0.66%	2.30%	2.28%	-83.17%

Provident Bancorp Corporate Events

Provident Bancorp Announces Merger with NB Bancorp

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.

Provident Bancorp’s Shareholders Meeting Decisions Announced

At the Annual Meeting of Shareholders held on May 15, 2025, Provident Bancorp‘s shareholders voted on several key matters. The proposal to declassify the Board of Directors did not achieve the necessary support despite a majority vote. Four individuals were elected to the Board of Directors, and Crowe LLP was ratified as the independent registered public accounting firm for 2025. Additionally, an advisory resolution on executive compensation was approved.

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.

Provident Bancorp to Present at 2025 Shareholders Meeting

Provident Bancorp, Inc. announced that it will present its business and strategic focus, along with its financial performance, at the 2025 Annual Meeting of Shareholders on May 15, 2025, in Salisbury, Massachusetts. This presentation will be accessible on the company’s investor website and is intended to provide stakeholders with insights into the company’s operations and strategic direction.

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.