PCSB Financial Corp (NASDAQ:PCSB) Short Interest Update

PCSB Financial Corp (NASDAQ:PCSB) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 136,500 shares, an increase of 13.3% from the April 30th total of 120,500 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 35,900 shares, the days-to-cover ratio is currently 3.8 days.

Shares of PCSB traded down $0.13 during trading hours on Friday, reaching $19.82. 27,141 shares of the company’s stock traded hands, compared to its average volume of 30,736. The company has a market capitalization of $352.88 million, a PE ratio of 36.04 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day simple moving average is $19.67. PCSB Financial has a 12 month low of $18.16 and a 12 month high of $21.00.

PCSB Financial (NASDAQ:PCSB) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The business had revenue of $11.32 million for the quarter. PCSB Financial had a net margin of 16.74% and a return on equity of 3.22%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of PCSB Financial during the 4th quarter valued at about $37,000. BNP Paribas Arbitrage SA increased its stake in PCSB Financial by 607.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,411 shares of the company’s stock worth $67,000 after purchasing an additional 2,929 shares during the period. Joseph P. Lucia & Associates LLC purchased a new position in PCSB Financial in the 1st quarter worth approximately $100,000. Metropolitan Life Insurance Co. NY increased its stake in PCSB Financial by 546.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock worth $135,000 after purchasing an additional 5,840 shares during the period. Finally, Creative Planning purchased a new position in PCSB Financial in the 4th quarter worth approximately $196,000. 51.54% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on PCSB shares. TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a report on Tuesday, July 9th. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th.

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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