PCSB Financial (NASDAQ:PCSB) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of PCSB Financial (NASDAQ:PCSB) from a hold rating to a sell rating in a report published on Wednesday morning, BidAskClub reports.

A number of other brokerages have also weighed in on PCSB. ValuEngine lowered PCSB Financial from a hold rating to a sell rating in a report on Friday, October 25th. TheStreet lowered PCSB Financial from a b- rating to a c+ rating in a report on Wednesday, October 30th.

Shares of PCSB stock traded down $0.17 during mid-day trading on Wednesday, hitting $20.11. 20,200 shares of the stock traded hands, compared to its average volume of 39,447. The stock’s fifty day moving average is $20.22 and its two-hundred day moving average is $19.72. PCSB Financial has a 52-week low of $18.45 and a 52-week high of $20.88. The stock has a market cap of $358.41 million, a P/E ratio of 38.30 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 Wednesday, October 23rd. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $12.76 million for the quarter. PCSB Financial had a return on equity of 3.08% and a net margin of 14.68%.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.80%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in PCSB Financial in the 2nd quarter valued at about $28,000. Oppenheimer Asset Management Inc. raised its holdings in PCSB Financial by 70.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,608 shares of the company’s stock valued at $53,000 after buying an additional 1,074 shares during the period. Atria Investments LLC purchased a new stake in PCSB Financial in the 2nd quarter valued at about $128,000. Citadel Advisors LLC purchased a new stake in PCSB Financial in the 2nd quarter valued at about $221,000. Finally, Creative Planning raised its holdings in 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 buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 54.29% 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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