PCSB Financial Co. (NASDAQ:PCSB) Director Purchases $12,443.75 in Stock

PCSB Financial Co. (NASDAQ:PCSB – Get Rating) Director Matthew G. Mccrosson purchased 625 shares of PCSB Financial stock in a transaction that occurred on Thursday, January 27th. The shares were bought at an average cost of $19.91 per share, for a total transaction of $12,443.75. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $79,640. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NASDAQ:PCSB opened at $19.90 on Friday. The business’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $18.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. PCSB Financial Co. has a 1 year low of $17.40 and a 1 year high of $19.95. The company has a market capitalization of $305.27 million, a P/E ratio of 19.51 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Friday, May 13th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 12th. This is a boost from PCSB Financial’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.41%. PCSB Financial’s dividend payout ratio is presently 27.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in PCSB Financial by 140.2% during the third quarter. Citigroup Inc. now owns 1,552 shares of the company’s stock worth $29,000 after purchasing an additional 906 shares during the last quarter. Marshall Wace LLP bought a new stake in PCSB Financial during the fourth quarter worth $34,000. Metropolitan Life Insurance Co NY bought a new stake in PCSB Financial during the fourth quarter worth $68,000. BNP Paribas Arbitrage SA lifted its stake in shares of PCSB Financial by 109.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,672 shares of the company’s stock valued at $68,000 after acquiring an additional 1,918 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of PCSB Financial in the 1st quarter valued at $85,000. Hedge funds and other institutional investors own 62.77% of the company’s stock.

Separately, Compass Point increased their price target on PCSB Financial to $23.00 in a research report on Wednesday.

About PCSB Financial (Get Rating)

PCSB Financial Corporation operates as the bank holding company for PCSB Bank that provides financial products and services to individuals and businesses in Putnam, Southern Dutchess, Rockland, and Westchester Counties in New York. The company's deposit products include interest and non-interest bearing, demand, NOW, money market, escrow, and savings accounts, as well as time deposits.

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