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

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BidaskClub downgraded shares of PCSB Financial (NASDAQ:PCSB) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

Several other brokerages have also commented on PCSB. TheStreet raised PCSB Financial from a c rating to a b- rating in a report on Monday, April 22nd. ValuEngine raised PCSB Financial from a sell rating to a hold rating in a report on Saturday, May 4th.

Shares of PCSB opened at $19.82 on Friday. The firm’s 50-day moving average is $19.41. PCSB Financial has a twelve month low of $18.16 and a twelve month high of $21.00. The company has a market capitalization of $346.11 million, a PE ratio of 35.35 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85.

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

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of PCSB Financial during the fourth quarter worth about $37,000. BNP Paribas Arbitrage SA grew its holdings in shares of PCSB Financial by 607.7% during the first 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 in the last quarter. Joseph P. Lucia & Associates LLC purchased a new position in shares of PCSB Financial during the first quarter worth about $100,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of PCSB Financial by 546.3% during the fourth 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 in the last quarter. Finally, Creative Planning purchased a new position in shares of PCSB Financial during the fourth quarter worth about $196,000. 51.54% of the stock is owned by institutional investors.

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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