PCSB Financial (PCSB) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of PCSB Financial (NASDAQ:PCSB) from a buy rating to a hold rating in a research note published on Saturday.

Shares of PCSB stock opened at $19.88 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $364.78 million, a price-to-earnings ratio of 37.51 and a beta of 0.84. PCSB Financial has a fifty-two week low of $18.16 and a fifty-two week high of $22.34.

PCSB Financial (NASDAQ:PCSB) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $11.11 million for the quarter. PCSB Financial had a return on equity of 3.12% and a net margin of 13.88%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.03 dividend. The ex-dividend date was Thursday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.60%.

In other news, VP Scott Nogles acquired 1,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average price of $18.73 per share, for a total transaction of $28,095.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PCSB. JPMorgan Chase & Co. lifted its holdings in PCSB Financial by 144.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,029 shares of the company’s stock valued at $204,000 after purchasing an additional 5,928 shares in the last quarter. Millennium Management LLC purchased a new position in shares of PCSB Financial during the 1st quarter worth $256,000. Dimensional Fund Advisors LP purchased a new position in shares of PCSB Financial during the 2nd quarter worth $336,000. Citadel Advisors LLC purchased a new position in shares of PCSB Financial during the 3rd quarter worth $382,000. Finally, Strs Ohio raised its holdings in shares of PCSB Financial by 2,029.4% during the 2nd quarter. Strs Ohio now owns 36,200 shares of the company’s stock worth $719,000 after acquiring an additional 34,500 shares during the period. Institutional investors own 48.13% 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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