Deutsche Bank AG cut its stake in shares of PCSB Financial Corp (NASDAQ:PCSB) by 60.8% during the fourth quarter, HoldingsChannel reports. The firm owned 34,527 shares of the company’s stock after selling 53,654 shares during the period. Deutsche Bank AG’s holdings in PCSB Financial were worth $673,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in PCSB. BlackRock Inc. lifted its holdings in shares of PCSB Financial by 1.0% during the 3rd quarter. BlackRock Inc. now owns 914,447 shares of the company’s stock valued at $18,600,000 after purchasing an additional 9,083 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in PCSB Financial by 393.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 83,398 shares of the company’s stock worth $1,696,000 after acquiring an additional 66,503 shares during the last quarter. Vanguard Group Inc. raised its stake in PCSB Financial by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 797,634 shares of the company’s stock worth $16,224,000 after acquiring an additional 28,094 shares during the last quarter. Vanguard Group Inc raised its stake in PCSB Financial by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 797,634 shares of the company’s stock worth $16,224,000 after acquiring an additional 28,094 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in PCSB Financial in the 4th quarter worth $37,000. 53.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on PCSB shares. ValuEngine lowered PCSB Financial from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. BidaskClub lowered PCSB Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, March 15th. Finally, TheStreet upgraded PCSB Financial from a “c” rating to a “b-” rating in a research note on Monday, April 22nd.
PCSB Financial (NASDAQ:PCSB) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The company had revenue of $11.32 million for the quarter. PCSB Financial had a net margin of 16.74% and a return on equity of 3.22%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from PCSB Financial’s previous quarterly dividend of $0.03.
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PCSB Financial 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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