PCSB Financial (NASDAQ:PCSB) Shares Up 6.9%

PCSB Financial Corp (NASDAQ:PCSB)’s stock price shot up 6.9% during trading on Tuesday . The stock traded as high as $12.84 and last traded at $12.56, 145,903 shares were traded during trading. An increase of 76% from the average session volume of 82,863 shares. The stock had previously closed at $11.75.

Several brokerages have commented on PCSB. BidaskClub cut shares of PCSB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 11th. TheStreet cut shares of PCSB Financial from a “b” rating to a “c+” rating in a report on Thursday, February 27th.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average price is $17.34 and its 200-day moving average price is $19.46. The company has a market capitalization of $214.02 million, a P/E ratio of 23.09 and a beta of 0.44.

PCSB Financial (NASDAQ:PCSB) last issued its earnings results on Thursday, January 23rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $12.24 million during the quarter. PCSB Financial had a net margin of 14.22% and a return on equity of 3.12%.

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.28%. PCSB Financial’s payout ratio is 32.00%.

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of PCSB Financial in the 4th quarter valued at about $60,000. Metropolitan Life Insurance Co NY raised its holdings in shares of PCSB Financial by 33.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,588 shares of the company’s stock valued at $112,000 after purchasing an additional 1,416 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of PCSB Financial by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 671,541 shares of the company’s stock valued at $13,597,000 after purchasing an additional 29,457 shares during the period. Ancora Advisors LLC raised its holdings in PCSB Financial by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 60,170 shares of the company’s stock valued at $1,203,000 after acquiring an additional 1,240 shares during the period. Finally, State Street Corp raised its holdings in PCSB Financial by 7.8% in the 4th quarter. State Street Corp now owns 324,589 shares of the company’s stock valued at $6,573,000 after acquiring an additional 23,378 shares during the period. 55.25% of the stock is currently owned by institutional investors.

PCSB Financial Company Profile (NASDAQ:PCSB)

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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