Panagora Asset Management Inc. reduced its position in shares of PCSB Financial Corp (NASDAQ:PCSB) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,342 shares of the company’s stock after selling 3,452 shares during the quarter. Panagora Asset Management Inc. owned about 1.34% of PCSB Financial worth $4,950,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in PCSB Financial by 1.0% in the third quarter. BlackRock Inc. now owns 914,447 shares of the company’s stock valued at $18,600,000 after acquiring an additional 9,083 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in PCSB Financial by 0.8% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 605,103 shares of the company’s stock valued at $12,307,000 after acquiring an additional 4,720 shares in the last quarter. Alliancebernstein L.P. boosted its stake in PCSB Financial by 93.7% in the third quarter. Alliancebernstein L.P. now owns 88,484 shares of the company’s stock valued at $1,800,000 after acquiring an additional 42,801 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PCSB Financial by 144.6% in the third quarter. JPMorgan Chase & Co. now owns 10,029 shares of the company’s stock valued at $204,000 after acquiring an additional 5,928 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in PCSB Financial by 60.8% in the third quarter. Wells Fargo & Company MN now owns 84,753 shares of the company’s stock valued at $1,724,000 after acquiring an additional 32,032 shares in the last quarter. Institutional investors own 49.78% of the company’s stock.
In other PCSB Financial news, VP Scott Nogles bought 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was acquired at an average price of $18.73 per share, for a total transaction of $28,095.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
Separately, BidaskClub upgraded shares of PCSB Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd.
Shares of PCSB opened at $19.06 on Friday. PCSB Financial Corp has a fifty-two week low of $18.16 and a fifty-two week high of $22.34. The stock has a market cap of $351.75 million, a PE ratio of 36.17 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85.
PCSB Financial (NASDAQ:PCSB) last announced its earnings results on Thursday, October 25th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. PCSB Financial had a net margin of 13.88% and a return on equity of 3.12%. The business had revenue of $11.11 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.63%.
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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.
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