PCSB Financial Corp (NASDAQ:PCSB) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 207,800 shares, a growth of 30.9% from the May 30th total of 158,800 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 6.6 days.
Several equities analysts have weighed in on the company. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a research note on Tuesday.
A number of large investors have recently added to or reduced their stakes in PCSB. Bank of America Corp DE increased its holdings in shares of PCSB Financial by 6.8% in the fourth quarter. Bank of America Corp DE now owns 11,607 shares of the company’s stock worth $227,000 after acquiring an additional 738 shares in the last quarter. Joseph P. Lucia & Associates LLC bought a new stake in shares of PCSB Financial in the first quarter worth about $100,000. Bank of New York Mellon Corp increased its holdings in shares of PCSB Financial by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 74,621 shares of the company’s stock worth $1,459,000 after acquiring an additional 2,570 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of PCSB Financial by 607.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,411 shares of the company’s stock worth $67,000 after acquiring an additional 2,929 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of PCSB Financial by 546.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock worth $135,000 after acquiring an additional 5,840 shares in the last quarter. 51.54% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:PCSB traded down $0.13 during mid-day trading on Friday, hitting $19.82. The company had a trading volume of 27,141 shares, compared to its average volume of 30,736. PCSB Financial has a fifty-two week low of $18.16 and a fifty-two week high of $21.00. The company has a fifty day moving average price of $19.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $355.19 million, a price-to-earnings ratio of 36.27 and a beta of 0.37.
PCSB Financial (NASDAQ:PCSB) last released its earnings results on Thursday, April 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). PCSB Financial had a net margin of 16.74% and a return on equity of 3.22%. The company had revenue of $11.32 million during the quarter.
PCSB Financial Company Profile
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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