PCSB Financial (PCSB) Lifted to “Sell” at BidaskClub

PCSB Financial (NASDAQ:PCSB) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Shares of PCSB Financial stock opened at $20.45 on Tuesday. The company has a market cap of $369.48 million, a P/E ratio of 41.51 and a beta of 0.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.84. PCSB Financial has a 1 year low of $18.14 and a 1 year high of $22.34.

PCSB Financial (NASDAQ:PCSB) last posted its earnings results on Thursday, August 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. PCSB Financial had a net margin of 13.08% and a return on equity of 2.94%. The business had revenue of $12.03 million for the quarter.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in PCSB Financial during the 1st quarter worth approximately $100,000. Millennium Management LLC acquired a new stake in PCSB Financial during the 1st quarter worth approximately $256,000. Dimensional Fund Advisors LP acquired a new stake in PCSB Financial during the 2nd quarter worth approximately $336,000. Strs Ohio boosted its position in 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 buying an additional 34,500 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in PCSB Financial by 10.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 38,485 shares of the company’s stock worth $808,000 after buying an additional 3,700 shares during the period. Institutional investors and hedge funds own 47.45% 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.

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