PCSB Financial (NASDAQ:PCSB) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of PCSB Financial (NASDAQ:PCSB) from a hold rating to a sell rating in a research report sent to investors on Friday, November 2nd.

PCSB traded up $0.30 during midday trading on Friday, reaching $19.28. 30,080 shares of the company’s stock traded hands, compared to its average volume of 32,510. The firm has a market capitalization of $338.23 million, a price-to-earnings ratio of 35.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.84 and a quick ratio of 0.84. PCSB Financial has a 52 week low of $18.14 and a 52 week high of $22.34.

PCSB Financial (NASDAQ:PCSB) last released its quarterly earnings results on Thursday, October 25th. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $11.11 million during the quarter. PCSB Financial had a return on equity of 3.13% and a net margin of 13.88%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, November 15th.

In other PCSB Financial news, VP Scott Nogles purchased 1,500 shares of the stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $18.73 per share, with a total value of $28,095.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of PCSB. Renaissance Technologies LLC grew its holdings in shares of PCSB Financial by 129.0% during the 2nd quarter. Renaissance Technologies LLC now owns 227,600 shares of the company’s stock worth $4,522,000 after acquiring an additional 128,200 shares during the period. Millennium Management LLC grew its holdings in shares of PCSB Financial by 483.2% during the 2nd quarter. Millennium Management LLC now owns 71,208 shares of the company’s stock worth $1,415,000 after acquiring an additional 58,999 shares during the period. Royce & Associates LP grew its holdings in shares of PCSB Financial by 24.4% during the 2nd quarter. Royce & Associates LP now owns 288,300 shares of the company’s stock worth $5,729,000 after acquiring an additional 56,500 shares during the period. Alliancebernstein L.P. grew its holdings in shares of PCSB Financial by 93.7% during the 3rd quarter. Alliancebernstein L.P. now owns 88,484 shares of the company’s stock worth $1,800,000 after acquiring an additional 42,801 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of PCSB Financial by 36.6% during the 2nd quarter. Acadian Asset Management LLC now owns 140,517 shares of the company’s stock worth $2,793,000 after acquiring an additional 37,619 shares during the period. Hedge funds and other institutional investors own 47.40% of the company’s stock.

PCSB Financial Company Profile

PCSB Financial Corporation operates as the bank holding company for PCSB Bank that provides financial services to individuals and businesses in Putnam, Southern Dutchess, Rockland, and Westchester Counties in New York. Its deposits products include non-interest bearing demand, NOW, money market, escrow, and savings accounts, as well as time deposits and certificates of deposit.

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