Provident Bancorp Inc (PVBC): A great analyst I follow (Chris DeMuth)...

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Provident Bancorp Inc (PVBC)

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Re: None

Sunday, 01/08/2023 6:48:16 PM

Sunday, January 08, 2023 6:48:16 PM

A great analyst I follow (Chris DeMuth) says that PVBC is basically down in sympathy with Silvergate Bank, which had massive crypto exposure.

According to DeMuth, who has PVBC on his buy list, even if you write off all of PVBC exposure, which is probably overly conservative, as their loans are on crypto mining rigs, not to exchanges or crypto traders, the book value of PVBC is still over $8.00

The kicker is that PVBC was a mutual to stock conversion, but it is past the three year anniversary, so could be a buyout target, based on its regional strength.

DeMuth did very well for me in 2022, and I like his analysis.
I appreciate the kind words, 56chev, but I'm a free member here, so can't respond. Please feel free to post anything that contributes to the conversation.

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Recent PVBC News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:38:46 PM
Provident Bancorp, Inc. Names Kenneth Fisher Executive Vice President and Chief Financial Officer • PR Newswire (US) • 05/07/2024 08:15:00 PM
Provident Bancorp, Inc. Reports First Quarter Net Income of $5.0 Million • PR Newswire (US) • 04/25/2024 08:05:00 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:06:26 PM
Provident Bancorp, Inc. Appoints Julienne Cassarino to Board of Directors • PR Newswire (US) • 02/16/2024 09:05:00 PM
Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 03:04:40 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 09:11:41 PM
Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 03:55:27 PM
BankProv Welcomes Sandra Ennin as VP, Business Banking Officer • PR Newswire (US) • 01/31/2024 03:00:00 PM
Provident Bancorp, Inc. Appoints Dennis Pollack to Board of Directors • PR Newswire (US) • 01/26/2024 10:10:00 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:32:16 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 04:02:03 PM
Provident Bancorp, Inc. Reports Results for the December 31, 2023 Quarter and Year • PR Newswire (US) • 01/25/2024 10:35:00 PM
BankProv Welcomes Curt Murray as AVP, Business Banking Officer • PR Newswire (US) • 01/09/2024 05:00:00 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 02:50:38 PM
Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2023 03:11:13 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/31/2023 09:15:27 PM
Provident Bancorp, Inc. Reports Results for the September 30, 2023 Quarter • PR Newswire (US) • 10/26/2023 08:45:00 PM
BankProv Adds Business Banking Expert To Support New Clients • PR Newswire (US) • 08/25/2023 05:00:00 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 02:45:02 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2023 06:09:40 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2023 07:10:20 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/28/2023 05:35:50 PM
Provident Bancorp, Inc. Reports Results for the June 30, 2023 Quarter • PR Newswire (US) • 07/27/2023 09:40:00 PM
BankProv Hires New Vice President of Business Development • PR Newswire (US) • 05/23/2023 03:00:00 PM

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