PCSB Financial (NASDAQ:PCSB) Cut to Sell at BidaskClub

BidaskClub downgraded shares of PCSB Financial (NASDAQ:PCSB) from a hold rating to a sell rating in a report issued on Saturday, BidAskClub reports.

A number of other equities analysts also recently issued reports on PCSB. ValuEngine downgraded shares of PCSB Financial from a hold rating to a sell rating in a report on Monday, March 25th. TheStreet raised shares of PCSB Financial from a c rating to a b- rating in a report on Monday, April 22nd.

NASDAQ PCSB opened at $19.82 on Friday. The company has a fifty day simple moving average of $19.41. PCSB Financial has a 12-month low of $18.16 and a 12-month high of $21.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a market cap of $346.11 million, a P/E ratio of 35.35 and a beta of 0.37.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. This is an increase from PCSB Financial’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, May 16th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in PCSB Financial during the 4th quarter worth $37,000. BNP Paribas Arbitrage SA raised its stake in shares of PCSB Financial by 607.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,411 shares of the company’s stock worth $67,000 after purchasing an additional 2,929 shares during the period. Joseph P. Lucia & Associates LLC bought a new stake in shares of PCSB Financial during the 1st quarter worth $100,000. Metropolitan Life Insurance Co. NY raised its stake in shares of PCSB Financial by 546.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock worth $135,000 after purchasing an additional 5,840 shares during the period. Finally, Creative Planning bought a new stake in shares of PCSB Financial during the 4th quarter worth $196,000. 51.54% of the stock is currently owned by hedge funds and other institutional investors.

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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