Is Provident Financial Holdings, Inc. (PROV) Stock a Sell after Craig Blunden’s Insider Sale?; Praesidium Investment Management Company Has Lifted Its National Instrs (NATI) Position

March 14, 2018 - By Darrin Black

As disclosed in a public report submitted to the U.S. Security and Exchange Commission on March 13, 2018, Craig Blunden, Chairman and CEO of Provident Financial Holdings Inc and a person familiar with the corporation, unloaded 17,000 shares of the corporation for about $311,950 U.S. Dollars based on an average stock price per share of $18.4. And, It’s sure Craig’s stocks unloading isn’t going to stay unseen as he right now is owning 185,259 shares – ( 2.48% of Provident Financial Holdings Inc’s Market Cap ).

Praesidium Investment Management Company Llc increased National Instrs Corp (NATI) stake by 17.51% reported in 2017Q3 SEC filing. Praesidium Investment Management Company Llc acquired 145,877 shares as National Instrs Corp (NATI)’s stock rose 15.72%. The Praesidium Investment Management Company Llc holds 978,929 shares with $41.28 million value, up from 833,052 last quarter. National Instrs Corp now has $6.87B valuation. The stock decreased 1.32% or $0.7 during the last trading session, reaching $52.38. About 567,719 shares traded. National Instruments Corporation (NASDAQ:NATI) has risen 38.06% since March 14, 2017 and is uptrending. It has outperformed by 21.36% the S&P500.

Among 2 analysts covering Provident Financial Holdings (NASDAQ:PROV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Provident Financial Holdings has $2800 highest and $17.50 lowest target. $21.83’s average target is 18.19% above currents $18.47 stock price. Provident Financial Holdings had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. On Thursday, June 29 the stock rating was upgraded by Sandler O’Neill to “Buy”. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, December 17 report. The rating was initiated by Hovde Group with “Market Perform” on Tuesday, April 11. Zacks upgraded Provident Financial Holdings, Inc. (NASDAQ:PROV) on Thursday, August 20 to “Sell” rating.

Since October 30, 2017, it had 0 insider buys, and 3 insider sales for $500,460 activity. TERNES DONAVON P also sold $273,750 worth of Provident Financial Holdings, Inc. (NASDAQ:PROV) shares. The insider BRUNNER-SALTER LILIAN sold $172,530. Shares for $54,180 were sold by Weiant David on Tuesday, February 13.

The stock increased 0.11% or $0.02 during the last trading session, reaching $18.47. About 27,846 shares traded or 91.21% up from the average. Provident Financial Holdings, Inc. (NASDAQ:PROV) has risen 4.86% since March 14, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.02, from 1.24 in 2017Q2. It turned negative, as 1 investors sold Provident Financial Holdings, Inc. shares while 16 reduced holdings. 4 funds opened positions while 17 raised stakes. 4.04 million shares or 1.42% more from 3.98 million shares in 2017Q2 were reported. Wells Fargo And Mn has 0% invested in Provident Financial Holdings, Inc. (NASDAQ:PROV). Martingale Asset Management L P owns 28,005 shares. Royal Financial Bank Of Canada has 0% invested in Provident Financial Holdings, Inc. (NASDAQ:PROV) for 16,530 shares. Invesco Ltd owns 12,511 shares or 0% of their US portfolio. 86,721 were reported by Federated Incorporated Pa. Barclays Public Limited Company holds 141 shares or 0% of its portfolio. Bnp Paribas Arbitrage invested in 608 shares or 0% of the stock. Acadian Asset Management Ltd Liability Com reported 0.01% in Provident Financial Holdings, Inc. (NASDAQ:PROV). Continental Ltd Liability Com reported 148,333 shares stake. Jpmorgan Chase & Co stated it has 85,161 shares. Moreover, Raffles Associate Ltd Partnership has 7.05% invested in Provident Financial Holdings, Inc. (NASDAQ:PROV) for 393,096 shares. Bridgeway holds 0.03% or 151,041 shares. Northern Corporation, Illinois-based fund reported 73,214 shares. Nationwide Fund Advsrs invested in 13,254 shares or 0% of the stock. Ameriprise Inc holds 0% or 166,880 shares.

Analysts await Provident Financial Holdings, Inc. (NASDAQ:PROV) to report earnings on April, 26. They expect $0.20 earnings per share, up 42.86% or $0.06 from last year’s $0.14 per share. PROV’s profit will be $1.50 million for 23.09 P/E if the $0.20 EPS becomes a reality. After $0.20 actual earnings per share reported by Provident Financial Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Provident Financial Holdings, Inc. operates as the holding firm for Provident Savings Bank, F.S.B. that provides community and mortgage banking services to clients and small to mid-sized businesses in the Inland Empire region of Southern California. The company has market cap of $138.12 million. It operates through two divisions: Provident Bank and Provident Bank Mortgage. It has a 131.93 P/E ratio. The company's deposit products include non-interest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, and time deposits; and loan portfolio comprises single-family, multi-family, commercial real estate, construction, commercial business, consumer, and other mortgage loans.

Investors sentiment increased to 1.64 in Q3 2017. Its up 0.68, from 0.96 in 2017Q2. It increased, as 17 investors sold NATI shares while 85 reduced holdings. 32 funds opened positions while 66 raised stakes. 98.79 million shares or 2.67% less from 101.50 million shares in 2017Q2 were reported. Fdx Advsrs Inc, a California-based fund reported 27,930 shares. Shearlink Cap Ltd invested in 3.98% or 237,060 shares. Utah Retirement Sys reported 0.02% in National Instruments Corporation (NASDAQ:NATI). Rockefeller owns 14,121 shares. First Advsr LP holds 0.06% in National Instruments Corporation (NASDAQ:NATI) or 513,720 shares. Tower Limited (Trc) reported 559 shares stake. Mutual Of America Capital Ltd accumulated 88,460 shares. Ny State Teachers Retirement System accumulated 168,195 shares. Barclays Public Ltd invested in 8,479 shares or 0% of the stock. Coastline Tru Communications reported 61,695 shares. Silvercrest Asset Mngmt Grp reported 643,761 shares stake. Lpl Financial Lc invested in 16,415 shares or 0% of the stock. Goldman Sachs Gru has 0.01% invested in National Instruments Corporation (NASDAQ:NATI). Mcdaniel Terry And invested 3.85% in National Instruments Corporation (NASDAQ:NATI). Principal Fincl Group has 0.02% invested in National Instruments Corporation (NASDAQ:NATI).

Praesidium Investment Management Company Llc decreased Advanced Energy Inds (NASDAQ:AEIS) stake by 11,050 shares to 445,867 valued at $36.01 million in 2017Q3. It also reduced Tyler Technologies Inc (NYSE:TYL) stake by 11,924 shares and now owns 488,003 shares. Applied Matls Inc (NASDAQ:AMAT) was reduced too.

Since September 18, 2017, it had 0 buys, and 41 selling transactions for $42.52 million activity. $327,300 worth of stock was sold by TRUCHARD JAMES J on Monday, October 9. The insider KODOSKY JEFFREY L sold $89,200. DAVERN ALEXANDER M had sold 11,925 shares worth $599,947. $92,805 worth of National Instruments Corporation (NASDAQ:NATI) was sold by Roiko John Charles. Another trade for 4,395 shares valued at $217,316 was made by Rust Scott Arthur on Thursday, February 1.

Among 4 analysts covering Natl Instruments (NASDAQ:NATI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Natl Instruments had 10 analyst reports since July 31, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of NATI in report on Friday, October 27 with “Buy” rating. Stifel Nicolaus maintained National Instruments Corporation (NASDAQ:NATI) on Sunday, September 24 with “Buy” rating. The company was maintained on Tuesday, February 27 by Stifel Nicolaus. On Wednesday, May 11 the stock rating was initiated by FBR Capital with “Market Perform”. The company was maintained on Friday, July 28 by Stifel Nicolaus. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, January 30 report. The firm has “Outperform” rating by Robert W. Baird given on Thursday, December 22. Stifel Nicolaus maintained it with “Buy” rating and $50 target in Wednesday, January 31 report. The company was maintained on Friday, January 27 by Stifel Nicolaus. Oppenheimer initiated National Instruments Corporation (NASDAQ:NATI) on Friday, July 31 with “Outperform” rating.

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