PCSB Financial (NASDAQ:PCSB) Rating Increased to B- at TheStreet

PCSB Financial (NASDAQ:PCSB) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Tuesday, TheStreetRatingsTable reports.

Several other brokerages have also commented on PCSB. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th.

Shares of PCSB Financial stock traded up $0.07 during trading on Tuesday, hitting $19.95. 22,700 shares of the stock traded hands, compared to its average volume of 45,067. The stock has a market cap of $353.94 million, a price-to-earnings ratio of 36.47 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. PCSB Financial has a 52-week low of $18.16 and a 52-week high of $21.00. The firm’s fifty day moving average is $19.66.

PCSB Financial (NASDAQ:PCSB) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm 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%.

A number of hedge funds have recently modified their holdings of PCSB. Rhumbline Advisers increased its position in PCSB Financial by 42.2% during the 4th quarter. Rhumbline Advisers now owns 23,901 shares of the company’s stock worth $468,000 after purchasing an additional 7,089 shares in the last quarter. BlackRock Inc. increased its position in PCSB Financial by 0.7% during the 4th quarter. BlackRock Inc. now owns 920,973 shares of the company’s stock worth $18,014,000 after purchasing an additional 6,526 shares in the last quarter. Bank of New York Mellon Corp increased its position in PCSB Financial by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 74,621 shares of the company’s stock worth $1,459,000 after purchasing an additional 2,570 shares in the last quarter. Dimensional Fund Advisors LP increased its position in PCSB Financial by 62.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 135,750 shares of the company’s stock worth $2,655,000 after purchasing an additional 52,352 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in PCSB Financial by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 211,051 shares of the company’s stock worth $4,128,000 after purchasing an additional 9,200 shares in the last quarter. 51.54% of the stock is currently owned by institutional investors.

About PCSB Financial

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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