PCSB Financial (PCSB) Stock Rating Lowered by BidaskClub

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PCSB Financial (NASDAQ:PCSB) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Separately, Compass Point downgraded PCSB Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th.

Shares of PCSB opened at $20.11 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $355.72 million, a price-to-earnings ratio of 35.68 and a beta of 0.57. PCSB Financial has a 52 week low of $18.16 and a 52 week high of $22.34.

PCSB Financial (NASDAQ:PCSB) last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $11.66 million during the quarter. PCSB Financial had a return on equity of 3.27% and a net margin of 17.75%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of PCSB Financial in the 4th quarter worth approximately $37,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of PCSB Financial by 546.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock worth $135,000 after buying an additional 5,840 shares during the last quarter. Creative Planning purchased a new position in shares of PCSB Financial in the 4th quarter worth approximately $196,000. JPMorgan Chase & Co. boosted its stake in shares of PCSB Financial by 144.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,029 shares of the company’s stock worth $204,000 after buying an additional 5,928 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of PCSB Financial by 6.8% in the 4th quarter. Bank of America Corp DE now owns 11,607 shares of the company’s stock worth $227,000 after buying an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 52.92% 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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