Provident Bancorp Inc (PVBC, Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Provident Bancorp Inc provides a range of banking products and services to small and medium-sized commercial customers. The company, through its subsidiary, is a Massachusetts-chartered stock savings bank. Provident Bancorp Inc has a market cap of $251.310 million; its shares were traded at around $26.10 with a P/E ratio of 30.35 and P/S ratio of 6.51.
For the last quarter Provident Bancorp Inc reported a revenue of $13.0 million, compared with the revenue of $7.94 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $42.0 million, an increase of 37.5% from last year.
The reported diluted earnings per share was 86 cents for the year, an increase of 24.6% from previous year. The Provident Bancorp Inc enjoyed an operating margin of 36.5%, compared with the operating margin of 30.66% a year before. The 10-year historical median operating margin of Provident Bancorp Inc is 23.72%. The profitability rank of the company is 4 (out of 10).
At the end of the fiscal year, Provident Bancorp Inc has the cash and cash equivalents of $47.7 million, compared with $10.7 million in the previous year. The long term debt was $26.8 million, compared with $49.9 million in the previous year. The interest coverage to the debt is 4.1. Provident Bancorp Inc has a financial strength rank of 5 (out of 10).
At the current stock price of $26.10, Provident Bancorp Inc is traded at 12.6% premium to its historical median P/S valuation band of $23.17. The P/S ratio of the stock is 6.51, while the historical median P/S ratio is 5.78. The stock gained 38.68% during the past 12 months.
For the complete 20-year historical financial data of PVBC, click here.
