Victory Capital Management Inc. Acquires 173,328 Shares of PCSB Financial Corp (PCSB)

Victory Capital Management Inc. raised its holdings in shares of PCSB Financial Corp (NASDAQ:PCSB) by 207.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,014 shares of the company’s stock after acquiring an additional 173,328 shares during the period. Victory Capital Management Inc.’s holdings in PCSB Financial were worth $5,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PCSB. Oppenheimer Asset Management Inc. purchased a new stake in shares of PCSB Financial during the fourth quarter valued at approximately $37,000. BNP Paribas Arbitrage SA increased its holdings in PCSB Financial by 607.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,411 shares of the company’s stock worth $67,000 after buying an additional 2,929 shares in the last quarter. Joseph P. Lucia & Associates LLC bought a new stake in PCSB Financial in the 1st quarter worth about $100,000. Metropolitan Life Insurance Co. NY increased its holdings in PCSB Financial by 546.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock worth $135,000 after buying an additional 5,840 shares in the last quarter. Finally, Creative Planning bought a new stake in PCSB Financial in the 4th quarter worth about $196,000. Institutional investors and hedge funds own 51.43% of the company’s stock.

Shares of PCSB stock traded down $0.04 during trading hours on Friday, reaching $19.65. 2,747 shares of the company traded hands, compared to its average volume of 48,671. PCSB Financial Corp has a 12-month low of $18.16 and a 12-month high of $21.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $347.99 million, a P/E ratio of 35.67 and a beta of 0.50.

PCSB Financial (NASDAQ:PCSB) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). PCSB Financial had a return on equity of 3.22% and a net margin of 16.74%. The business had revenue of $11.32 million during the quarter.

The company 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 $0.04 dividend. This is an increase from PCSB Financial’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%.

Several equities research analysts recently commented on PCSB shares. ValuEngine downgraded PCSB Financial from a “hold” rating to a “sell” rating in a report on Monday, March 25th. BidaskClub cut PCSB Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th. Finally, TheStreet raised PCSB Financial from a “c” rating to a “b-” rating in a research report on Monday, April 22nd.

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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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Institutional Ownership by Quarter for PCSB Financial (NASDAQ:PCSB)

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