Provident Bancorp (PVBC) Receiving Somewhat Positive News Coverage, Analysis Finds

Press coverage about Provident Bancorp (NASDAQ:PVBC) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Provident Bancorp earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.1166518064427 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Provident Bancorp (NASDAQ PVBC) traded down $0.30 during mid-day trading on Friday, hitting $26.40. The company’s stock had a trading volume of 2,056 shares, compared to its average volume of 8,772. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Provident Bancorp has a 52 week low of $17.20 and a 52 week high of $27.38. The company has a market cap of $257.07, a P/E ratio of 30.70 and a beta of 0.28.

Separately, ValuEngine downgraded Provident Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In related news, CEO David P. Mansfield bought 4,255 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average price of $23.45 per share, for a total transaction of $99,779.75. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.68% of the stock is currently owned by company insiders.

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About Provident Bancorp

Provident Bancorp, Inc is the holding company of The Provident Bank. The Provident Bank is a community bank that serves the banking needs of its customers. The Provident Bank operates from its main office and over two branch offices in the Northeastern Massachusetts area and over four branch offices in Southeastern New Hampshire, and one branch is located in Bedford, New Hampshire.

Insider Buying and Selling by Quarter for Provident Bancorp (NASDAQ:PVBC)

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