PCSB Financial Corp (NASDAQ:PCSB) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 151,600 shares, a decrease of 16.0% from the June 30th total of 180,400 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is presently 4.7 days.
PCSB has been the topic of a number of recent research reports. BidaskClub upgraded shares of PCSB Financial from a “sell” rating to a “hold” rating in a report on Friday, June 28th. TheStreet upgraded shares of PCSB Financial from a “c” rating to a “b-” rating in a report on Tuesday, July 9th. Finally, ValuEngine cut shares of PCSB Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
PCSB traded down $0.14 during midday trading on Tuesday, reaching $19.53. The company’s stock had a trading volume of 27,854 shares, compared to its average volume of 42,677. The company has a market capitalization of $347.71 million, a price-to-earnings ratio of 39.10 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. PCSB Financial has a 1 year low of $18.16 and a 1 year high of $21.00. The company’s 50-day simple moving average is $19.69.
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 Zacks’ consensus estimate of $0.12 by ($0.02). The business had revenue of $11.72 million during the quarter. PCSB Financial had a return on equity of 2.88% and a net margin of 14.71%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, August 15th.
In other PCSB Financial news, VP Scott Nogles acquired 2,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $18.93 per share, for a total transaction of $37,860.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 3,375 shares of company stock worth $64,163. Corporate insiders own 1.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of PCSB Financial by 6.8% during the fourth quarter. Bank of America Corp DE now owns 11,607 shares of the company’s stock valued at $227,000 after buying an additional 738 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of PCSB Financial by 70.0% during the second 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 last quarter. Strs Ohio grew its holdings in shares of PCSB Financial by 3.8% during the second quarter. Strs Ohio now owns 30,400 shares of the company’s stock valued at $615,000 after buying an additional 1,100 shares during the last quarter. Creative Planning grew its holdings in shares of PCSB Financial by 11.0% during the second 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 last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of PCSB Financial during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 51.32% 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.
Featured Article: What is the Dividend Aristocrat Index?
Receive News & Ratings for PCSB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCSB Financial and related companies with MarketBeat.com's FREE daily email newsletter.