PCSB Financial Corp (NASDAQ:PCSB) Short Interest Up 16.3% in June

PCSB Financial Corp (NASDAQ:PCSB) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 158,800 shares, a growth of 16.3% from the May 15th total of 136,500 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,500 shares, the short-interest ratio is presently 4.9 days.

PCSB has been the subject of several recent research reports. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Finally, TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th.

A number of hedge funds and other institutional investors have recently made changes to their positions in PCSB. Victory Capital Management Inc. raised its stake in PCSB Financial by 207.1% during the first quarter. Victory Capital Management Inc. now owns 257,014 shares of the company’s stock valued at $5,030,000 after buying an additional 173,328 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in PCSB Financial by 11.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,230,091 shares of the company’s stock valued at $24,061,000 after buying an additional 129,909 shares in the last quarter. Martingale Asset Management L P acquired a new stake in PCSB Financial during the first quarter valued at approximately $1,914,000. Acadian Asset Management LLC raised its stake in PCSB Financial by 45.2% during the first quarter. Acadian Asset Management LLC now owns 247,787 shares of the company’s stock valued at $4,851,000 after buying an additional 77,152 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in PCSB Financial by 62.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 135,750 shares of the company’s stock valued at $2,655,000 after buying an additional 52,352 shares in the last quarter. Hedge funds and other institutional investors own 51.54% of the company’s stock.

PCSB stock opened at $19.82 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.85 and a current ratio of 0.85. PCSB Financial has a 12-month low of $18.16 and a 12-month high of $21.00. The firm’s 50-day moving average price is $19.67. The stock has a market capitalization of $352.88 million, a P/E ratio of 36.04 and a beta of 0.37.

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

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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