Bank of New York Mellon Corp boosted its holdings in shares of PCSB Financial Corp (NASDAQ:PCSB) by 26.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,540 shares of the company’s stock after buying an additional 17,074 shares during the period. Bank of New York Mellon Corp owned approximately 0.45% of PCSB Financial worth $1,556,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of PCSB Financial in the second quarter valued at about $10,422,000. State Street Corp purchased a new stake in shares of PCSB Financial in the second quarter valued at about $4,152,000. Northern Trust Corp bought a new position in PCSB Financial during the second quarter valued at about $3,084,000. Brandywine Global Investment Management LLC bought a new position in PCSB Financial during the second quarter valued at about $3,080,000. Finally, Royce & Associates LP bought a new position in PCSB Financial during the second quarter valued at about $1,808,000. Hedge funds and other institutional investors own 40.51% of the company’s stock.
In other PCSB Financial news, SVP Clifford S. Weber bought 11,650 shares of the business’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $19.83 per share, for a total transaction of $231,019.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.
Separately, BidaskClub upgraded shares of PCSB Financial from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th.
PCSB Financial Corp (NASDAQ:PCSB) traded down $0.04 on Thursday, reaching $20.14. 23,805 shares of the company traded hands, compared to its average volume of 31,723. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. PCSB Financial Corp has a one year low of $15.76 and a one year high of $20.47.
PCSB Financial (NASDAQ:PCSB) last issued its earnings results on Thursday, January 25th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $10.88 million during the quarter. PCSB Financial had a net margin of 3.98% and a return on equity of 3.05%.
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PCSB Financial Company Profile
PCSB Financial Corporation will be the holding company of PCSB Bank (the Bank). The Bank is a mutual savings bank. The Bank attracts deposits from the general public and utilizes those funds primarily to originate and purchase residential real estate, commercial real estate and business loans, and to purchase investment securities.
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