BNP Paribas Arbitrage SA Acquires 1,196 Shares of PCSB Financial Corp (NASDAQ:PCSB)

BNP Paribas Arbitrage SA raised its holdings in shares of PCSB Financial Corp (NASDAQ:PCSB) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,948 shares of the company’s stock after purchasing an additional 1,196 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in PCSB Financial were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System bought a new stake in shares of PCSB Financial in the 4th quarter worth about $362,000. State Street Corp increased its position in PCSB Financial by 7.8% during the 4th quarter. State Street Corp now owns 324,589 shares of the company’s stock valued at $6,573,000 after purchasing an additional 23,378 shares during the period. Charles Schwab Investment Management Inc. increased its position in PCSB Financial by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 42,090 shares of the company’s stock valued at $853,000 after purchasing an additional 2,182 shares during the period. Bank of Montreal Can increased its position in PCSB Financial by 43.1% during the 4th quarter. Bank of Montreal Can now owns 2,034 shares of the company’s stock valued at $41,000 after purchasing an additional 613 shares during the period. Finally, Barclays PLC increased its position in PCSB Financial by 100.6% during the 4th quarter. Barclays PLC now owns 16,407 shares of the company’s stock valued at $332,000 after purchasing an additional 8,226 shares during the period. Institutional investors and hedge funds own 55.12% of the company’s stock.

Shares of PCSB Financial stock opened at $12.68 on Wednesday. The firm’s 50 day moving average price is $12.94 and its 200-day moving average price is $16.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. PCSB Financial Corp has a 52-week low of $11.41 and a 52-week high of $20.78. The company has a market cap of $211.93 million, a P/E ratio of 25.36 and a beta of 0.60.

PCSB Financial (NASDAQ:PCSB) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). PCSB Financial had a return on equity of 2.84% and a net margin of 12.64%. The firm had revenue of $12.11 million during the quarter, compared to analysts’ expectations of $12.10 million.

Separately, BidaskClub downgraded shares of PCSB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 11th.

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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Institutional Ownership by Quarter for PCSB Financial (NASDAQ:PCSB)

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