Victory Capital Management Inc. increased its stake in PCSB Financial Corp (NASDAQ:PCSB) by 4.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 83,200 shares of the company’s stock after acquiring an additional 3,856 shares during the period. Victory Capital Management Inc.’s holdings in PCSB Financial were worth $1,692,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCSB. Renaissance Technologies LLC grew its position in PCSB Financial by 129.0% in the second quarter. Renaissance Technologies LLC now owns 227,600 shares of the company’s stock worth $4,522,000 after acquiring an additional 128,200 shares in the last quarter. Millennium Management LLC grew its position in PCSB Financial by 483.2% in the second quarter. Millennium Management LLC now owns 71,208 shares of the company’s stock worth $1,415,000 after acquiring an additional 58,999 shares in the last quarter. Royce & Associates LP grew its position in PCSB Financial by 24.4% in the second quarter. Royce & Associates LP now owns 288,300 shares of the company’s stock worth $5,729,000 after acquiring an additional 56,500 shares in the last quarter. Acadian Asset Management LLC grew its position in PCSB Financial by 36.6% in the second quarter. Acadian Asset Management LLC now owns 140,517 shares of the company’s stock worth $2,793,000 after acquiring an additional 37,619 shares in the last quarter. Finally, Strs Ohio grew its position in PCSB Financial by 2,029.4% in the second quarter. Strs Ohio now owns 36,200 shares of the company’s stock worth $719,000 after acquiring an additional 34,500 shares in the last quarter. Institutional investors own 48.13% of the company’s stock.
PCSB opened at $20.01 on Monday. The stock has a market capitalization of $367.16 million, a P/E ratio of 37.76 and a beta of 0.84. PCSB Financial Corp has a 12 month low of $18.16 and a 12 month high of $22.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.
PCSB Financial (NASDAQ:PCSB) last released its quarterly earnings results on Thursday, October 25th. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $11.11 million during the quarter. PCSB Financial had a return on equity of 3.12% and a net margin of 13.88%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 15th.
Separately, BidaskClub lowered PCSB Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 31st.
In other news, VP Scott Nogles acquired 1,500 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $18.73 per share, with a total value of $28,095.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.
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PCSB Financial 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.
Read More: Intrinsic Value and Stock Selection
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