Zacks: PCSB Financial (PCSB) Given Consensus Rating of “Strong Buy” by Brokerages

PCSB Financial (NASDAQ:PCSB) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price objective of $19.00 for the company, according to Zacks. Zacks has also assigned PCSB Financial an industry rank of 179 out of 265 based on the ratings given to its competitors.

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Several brokerages have weighed in on PCSB. BidaskClub upgraded PCSB Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Sandler O’Neill set a $24.00 price target on PCSB Financial and gave the company a “buy” rating in a report on Monday, March 26th.

PCSB stock traded up $0.29 on Friday, reaching $21.22. The company had a trading volume of 23,511 shares, compared to its average volume of 42,593. PCSB Financial has a 1 year low of $15.76 and a 1 year high of $22.34. 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 (NASDAQ:PCSB) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $10.88 million during the quarter. PCSB Financial had a return on equity of 2.87% and a net margin of 3.98%.

A number of institutional investors and hedge funds have recently modified their holdings of PCSB. Chicago Equity Partners LLC acquired a new position in PCSB Financial in the 4th quarter valued at $1,023,000. Acadian Asset Management LLC increased its holdings in shares of PCSB Financial by 173.4% during the 4th quarter. Acadian Asset Management LLC now owns 83,349 shares of the company’s stock worth $1,588,000 after buying an additional 52,858 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of PCSB Financial during the 4th quarter worth $762,000. Deutsche Bank AG increased its holdings in shares of PCSB Financial by 50.6% during the 4th quarter. Deutsche Bank AG now owns 67,886 shares of the company’s stock worth $1,291,000 after buying an additional 22,817 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of PCSB Financial by 17.0% during the 3rd quarter. Royce & Associates LP now owns 124,000 shares of the company’s stock worth $2,339,000 after buying an additional 18,000 shares during the last quarter. Institutional investors own 40.38% of the company’s stock.

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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 certificates of deposit.

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