PCSB Financial (PCSB) Downgraded by BidaskClub

BidaskClub lowered shares of PCSB Financial (NASDAQ:PCSB) from a strong-buy rating to a buy rating in a report published on Friday morning.

Separately, Sandler O’Neill set a $24.00 price target on PCSB Financial and gave the company a buy rating in a research note on Monday, March 26th.

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PCSB Financial stock opened at $20.67 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. PCSB Financial has a 1-year low of $15.76 and a 1-year high of $22.34.

PCSB Financial (NASDAQ:PCSB) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. PCSB Financial had a return on equity of 2.87% and a net margin of 3.98%. The firm had revenue of $10.88 million for the quarter.

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of PCSB Financial by 5.1% in the fourth quarter. Victory Capital Management Inc. now owns 82,604 shares of the company’s stock valued at $1,574,000 after buying an additional 4,004 shares in the last quarter. Royce & Associates LP raised its holdings in PCSB Financial by 17.0% during the third quarter. Royce & Associates LP now owns 124,000 shares of the company’s stock worth $2,339,000 after purchasing an additional 18,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in PCSB Financial by 26.1% during the third quarter. Bank of New York Mellon Corp now owns 82,540 shares of the company’s stock worth $1,556,000 after purchasing an additional 17,074 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in PCSB Financial during the fourth quarter worth $762,000. Finally, State Street Corp acquired a new position in PCSB Financial during the second quarter worth $4,152,000. Hedge funds and other institutional investors own 40.38% of the company’s stock.

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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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