PCSB Financial (PCSB) Upgraded to “Buy” at BidaskClub
PCSB has been the subject of several other research reports. ValuEngine cut shares of PCSB Financial from a hold rating to a sell rating in a research report on Monday, March 25th. TheStreet raised shares of PCSB Financial from a c rating to a b- rating in a research report on Monday, April 22nd.
PCSB opened at $19.64 on Thursday. PCSB Financial has a twelve month low of $18.16 and a twelve month high of $21.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $349.14 million, a P/E ratio of 35.65 and a beta of 0.50.
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.04 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from PCSB Financial’s previous quarterly dividend of $0.03.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of PCSB Financial by 3.7% in the third quarter. Vanguard Group Inc now owns 797,634 shares of the company’s stock worth $16,224,000 after acquiring an additional 28,094 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of PCSB Financial in the fourth quarter worth about $694,000. Oppenheimer Asset Management Inc. bought a new position in shares of PCSB Financial in the fourth quarter worth about $37,000. Teton Advisors Inc. lifted its holdings in shares of PCSB Financial by 17.2% in the fourth quarter. Teton Advisors Inc. now owns 17,000 shares of the company’s stock worth $333,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of PCSB Financial by 11.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,230,091 shares of the company’s stock worth $24,061,000 after acquiring an additional 129,909 shares during the last quarter. 51.46% of the stock is owned by hedge funds and other institutional investors.
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: Why do companies pay special dividends?
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.