Provident Bancorp, Inc. (PVBC)
Provident Bancorp, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Amesbury, MA, US. The stock last traded at $13.50, up 3.05% on the session, giving a market capitalisation of $240.1M. On trailing twelve-month figures it carries a trailing P/E of 29.35, a net margin of 11.4%. Its beta of 0.26 implies it has historically moved less than the broad market.
Provident Bancorp, Inc. serves as the bank holding company for The Provident Bank, delivering a wide array of financial products and services to both individual consumers and small businesses throughout the United States. Its deposit offerings encompass checking, term certificate, negotiable order of withdrawal (NOW), money market, and savings accounts, alongside certificates of deposit. The corporation additionally provides a diverse suite of lending options, including 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. Beyond banking services, it also makes investments in securities and state and municipal bonds. As of December 31, 2021, Provident Bancorp operated from its main office and six branch locations across Amesbury and Newburyport, Massachusetts, and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire. Furthermore, it managed two loan production offices situated in Boston, Massachusetts, and Ponte Vedra, Florida. The company, established in 1828, maintains its corporate headquarters in Amesbury, Massachusetts.
Provident Bancorp, Inc. is most often compared with the following Financial Services names: