NEW YORK ( TheStreet) -- The ex-dividend date for Provident New York Bancorp (Nasdaq: PBNY) is tomorrow, November 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $6.78 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for Provident New York has been 117,800 shares per day over the past 30 days. Provident New York has a market cap of $264.1 million and is part of the financial sector and banking industry. Shares are down 37.8% year to date as of the close of trading on Tuesday. Provident New York Bancorp operates as the holding company for Provident Bank that provides commercial, community, and retail banking products and services to businesses and individuals in New York and New Jersey. The company has a P/E ratio of 22.4, above the average banking industry P/E ratio of 14.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Provident New York as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Provident New York Ratings Report. See our dividend calendar or top-yielding stocks list.