PCSB Financial Corp (NASDAQ:PCSB) Short Interest Update

PCSB Financial Corp (NASDAQ:PCSB) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 188,200 shares, a growth of 7.9% from the August 30th total of 174,500 shares. Based on an average daily trading volume, of 30,800 shares, the short-interest ratio is presently 6.1 days. Currently, 1.2% of the shares of the company are short sold.

NASDAQ PCSB traded down $0.03 during trading on Thursday, reaching $20.15. The company’s stock had a trading volume of 604 shares, compared to its average volume of 36,533. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $349.23 million, a price-to-earnings ratio of 40.37 and a beta of 0.36. PCSB Financial has a 12 month low of $18.16 and a 12 month high of $20.88. The firm has a 50 day moving average price of $20.05 and a 200 day moving average price of $19.62.

PCSB Financial (NASDAQ:PCSB) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The business had revenue of $11.72 million during the quarter. PCSB Financial had a net margin of 14.71% and a return on equity of 2.89%.

In related news, VP Scott Nogles bought 2,000 shares of PCSB Financial stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $18.93 per share, with a total value of $37,860.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 3,375 shares of company stock valued at $64,163 in the last ninety days. 5.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PCSB. Strs Ohio boosted its holdings in PCSB Financial by 3.8% in the 2nd quarter. Strs Ohio now owns 30,400 shares of the company’s stock valued at $615,000 after purchasing an additional 1,100 shares during the period. Creative Planning boosted its holdings in PCSB Financial by 11.0% in the 2nd quarter. Creative Planning now owns 11,100 shares of the company’s stock valued at $225,000 after purchasing an additional 1,100 shares during the period. First Trust Advisors LP bought a new stake in PCSB Financial in the 2nd quarter valued at about $258,000. Acadian Asset Management LLC boosted its holdings in PCSB Financial by 5.9% in the 2nd quarter. Acadian Asset Management LLC now owns 262,344 shares of the company’s stock valued at $5,312,000 after purchasing an additional 14,557 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in PCSB Financial by 97.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 579,300 shares of the company’s stock valued at $11,726,000 after purchasing an additional 286,508 shares during the period. 54.40% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. BidaskClub raised shares of PCSB Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. TheStreet raised shares of PCSB Financial from a “c+” rating to a “b-” rating in a report on Monday, September 16th. Finally, ValuEngine raised shares of PCSB Financial from a “sell” rating to a “hold” rating in a report on Friday, October 11th.

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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