SCHEDULE: Vanguard Group Discloses 4.82% Stake in Provident Bancorp

The Vanguard Group reported a 4.82% beneficial ownership stake in Provident Bancorp Inc. common stock as of September 30, 2025.

Summary

• The Vanguard Group beneficially owns 858,585 shares of Provident Bancorp Inc. common stock.
• This ownership represents 4.82% of the class of securities.
• Vanguard holds sole dispositive power over 751,322 shares and shared dispositive power over 107,263 shares.
• Vanguard holds shared voting power over 101,362 shares and no sole voting power.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.

Sentiment

Score: 6

Explanation: The filing indicates a stable, significant institutional investment by The Vanguard Group, which can be viewed as a vote of confidence. However, it is a routine disclosure and does not provide new operational or financial performance insights.

Positives

• The Vanguard Group, a prominent institutional investor, maintains a significant stake in Provident Bancorp Inc., which can be interpreted as continued confidence in the company.
• Vanguard's beneficial ownership of 4.82% suggests a stable, long-term investment approach, as this filing is a routine disclosure for institutional investors.

Negatives

• No specific negative information is disclosed in this beneficial ownership report.

Risks

• The filing itself does not detail specific risks related to Provident Bancorp Inc.'s operations or financial health; it is solely a disclosure of ownership.

Future Outlook

NA

Management Comments

• I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

Provident Bancorp Inc. operates within the financial services sector, likely as a regional bank or similar financial institution. The Vanguard Group is a global leader in investment management, primarily known for its extensive range of index funds and ETFs. Vanguard's disclosed stake in Provident Bancorp is a standard institutional investment, reflecting its portfolio holdings across various publicly traded companies in the financial industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a major institutional investor like Vanguard can provide a level of confidence and stability to other shareholders, signaling institutional interest in the company.

Key Dates

Keywords

Provident Bancorp, Vanguard Group, Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Financial Services, Banking, Equity Stake