PCSB Financial (NASDAQ:PCSB) Stock Rating Upgraded by TheStreet

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TheStreet upgraded shares of PCSB Financial (NASDAQ:PCSB) from a c+ rating to a b- rating in a report issued on Monday morning, TheStreetRatingsTable reports.

Several other equities analysts have also recently weighed in on the company. BidaskClub cut PCSB Financial from a hold rating to a sell rating in a report on Saturday, September 7th. ValuEngine cut PCSB Financial from a hold rating to a sell rating in a report on Thursday, August 1st.

PCSB opened at $20.23 on Monday. The business’s 50-day moving average price is $19.68 and its two-hundred day moving average price is $19.58. PCSB Financial has a 1 year low of $18.16 and a 1 year high of $20.93. The company has a market capitalization of $358.94 million, a price-to-earnings ratio of 41.49 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94.

PCSB Financial (NASDAQ:PCSB) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The company had revenue of $11.72 million during the quarter. PCSB Financial had a net margin of 14.71% and a return on equity of 2.89%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 15th.

In related news, VP Scott Nogles acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $18.93 per share, for a total transaction of $37,860.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 3,375 shares of company stock valued at $64,163 in the last 90 days. 5.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atria Investments LLC bought a new position in shares of PCSB Financial in the 2nd quarter valued at about $128,000. Creative Planning grew its holdings in shares of PCSB Financial by 11.0% in the 2nd quarter. Creative Planning now owns 11,100 shares of the company’s stock valued at $225,000 after acquiring an additional 1,100 shares in the last quarter. First Trust Advisors LP bought a new position in shares of PCSB Financial in the 2nd quarter valued at about $258,000. Acadian Asset Management LLC grew its holdings in shares of PCSB Financial by 45.2% in the 1st quarter. Acadian Asset Management LLC now owns 247,787 shares of the company’s stock valued at $4,851,000 after acquiring an additional 77,152 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings 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 valued at $227,000 after acquiring an additional 738 shares in the last quarter. Institutional investors own 53.94% of the company’s stock.

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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