PCSB Financial (NASDAQ:PCSB) Trading 6.9% Higher

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PCSB Financial Corp (NASDAQ:PCSB) traded up 6.9% on Tuesday . The company traded as high as $12.84 and last traded at $12.56, 145,903 shares changed hands during trading. An increase of 76% from the average session volume of 82,863 shares. The stock had previously closed at $11.75.

A number of research firms have recently issued reports on PCSB. BidaskClub cut shares of PCSB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 11th. TheStreet cut shares of PCSB Financial from a “b” rating to a “c+” rating in a research note on Thursday, February 27th.

The business’s 50 day moving average price is $17.34 and its 200-day moving average price is $19.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $214.02 million, a P/E ratio of 23.09 and a beta of 0.44.

PCSB Financial (NASDAQ:PCSB) last posted its earnings results on Thursday, January 23rd. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). PCSB Financial had a net margin of 14.22% and a return on equity of 3.12%. The firm had revenue of $12.24 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 13th. PCSB Financial’s dividend payout ratio (DPR) is currently 32.00%.

Several large investors have recently bought and sold shares of PCSB. Renaissance Technologies LLC raised its stake in shares of PCSB Financial by 68.1% in the fourth quarter. Renaissance Technologies LLC now owns 359,976 shares of the company’s stock valued at $7,290,000 after acquiring an additional 145,796 shares during the last quarter. Marshall Wace LLP bought a new position in PCSB Financial in the 4th quarter worth approximately $783,000. Russell Investments Group Ltd. raised its position in PCSB Financial by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 671,541 shares of the company’s stock worth $13,597,000 after purchasing an additional 29,457 shares during the last quarter. State Street Corp raised its position in PCSB Financial by 7.8% in the 4th quarter. State Street Corp now owns 324,589 shares of the company’s stock worth $6,573,000 after purchasing an additional 23,378 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in PCSB Financial in the 4th quarter worth approximately $362,000. Institutional investors own 55.25% of the company’s stock.

PCSB Financial Company Profile (NASDAQ:PCSB)

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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