Short Interest in PCSB Financial Corp (NASDAQ:PCSB) Grows By 30.9%

PCSB Financial Corp (NASDAQ:PCSB) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 207,800 shares, an increase of 30.9% from the May 30th total of 158,800 shares. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is presently 6.6 days. Approximately 1.3% of the company’s stock are sold short.

A number of research analysts have weighed in on the company. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Finally, TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a research report on Tuesday.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of PCSB Financial by 607.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,411 shares of the company’s stock valued at $67,000 after buying an additional 2,929 shares during the last quarter. Joseph P. Lucia & Associates LLC acquired a new stake in shares of PCSB Financial in the first quarter valued at approximately $100,000. Metropolitan Life Insurance Co. NY lifted its position in shares of PCSB Financial by 546.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,909 shares of the company’s stock valued at $135,000 after buying an additional 5,840 shares during the last quarter. Bank of America Corp DE lifted its position in shares of PCSB Financial by 6.8% in the fourth quarter. Bank of America Corp DE now owns 11,607 shares of the company’s stock valued at $227,000 after buying an additional 738 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of PCSB Financial by 42.2% in the fourth quarter. Rhumbline Advisers now owns 23,901 shares of the company’s stock valued at $468,000 after buying an additional 7,089 shares during the last quarter. 51.54% of the stock is owned by institutional investors.



Shares of PCSB traded down $0.13 during mid-day trading on Friday, reaching $19.82. The company’s stock had a trading volume of 27,141 shares, compared to its average volume of 30,736. PCSB Financial has a 1-year low of $18.16 and a 1-year high of $21.00. The stock has a market cap of $355.19 million, a PE ratio of 36.27 and a beta of 0.37. The business’s 50-day moving average price is $19.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.

PCSB Financial (NASDAQ:PCSB) last released its quarterly earnings data 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). PCSB Financial had a net margin of 16.74% and a return on equity of 3.22%. The business had revenue of $11.32 million during the quarter.

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 time deposits and certificates of deposit.

Further Reading: Preferred Stock

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