PCSB Financial (NASDAQ:PCSB) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of PCSB Financial (NASDAQ:PCSB) from a sell rating to a hold rating in a research report sent to investors on Thursday, November 21st, BidAskClub reports.

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A number of other brokerages also recently issued reports on PCSB. ValuEngine raised PCSB Financial from a sell rating to a hold rating in a research note on Tuesday, November 19th. TheStreet cut shares of PCSB Financial from a b- rating to a c+ rating in a research note on Wednesday, October 30th.

Shares of PCSB stock traded up $0.06 during mid-day trading on Thursday, hitting $20.13. 57,953 shares of the stock were exchanged, compared to its average volume of 39,243. The company has a market cap of $356.60 million, a PE ratio of 38.49 and a beta of 0.36. The firm has a fifty day moving average of $20.32 and a 200 day moving average of $19.89. PCSB Financial has a 52-week low of $18.45 and a 52-week high of $20.88. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.39.

PCSB Financial (NASDAQ:PCSB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $12.76 million during the quarter. PCSB Financial had a net margin of 14.68% and a return on equity of 3.09%.

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, November 14th.

A number of large investors have recently modified their holdings of PCSB. Bank of Montreal Can purchased a new stake in shares of PCSB Financial during the second quarter worth $28,000. Oppenheimer Asset Management Inc. boosted its stake in shares of PCSB Financial by 70.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,608 shares of the company’s stock valued at $53,000 after buying an additional 1,074 shares during the period. Metropolitan Life Insurance Co NY grew its position in shares of PCSB Financial by 33.9% during the third quarter. Metropolitan Life Insurance Co NY now owns 5,588 shares of the company’s stock worth $112,000 after buying an additional 1,416 shares in the last quarter. Atria Investments LLC acquired a new position in shares of PCSB Financial during the second quarter worth about $128,000. Finally, Citadel Advisors LLC purchased a new stake in shares of PCSB Financial in the 2nd quarter valued at approximately $221,000. Institutional investors own 54.24% of the company’s stock.

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.

Further Reading: Momentum Indicators

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