Thomson Horstmann & Bryant Inc. Raises Holdings in PCSB Financial Corp (PCSB)
Thomson Horstmann & Bryant Inc. grew its position in PCSB Financial Corp (NASDAQ:PCSB) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 605,103 shares of the company’s stock after buying an additional 4,720 shares during the quarter. PCSB Financial accounts for 1.5% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 15th largest holding. Thomson Horstmann & Bryant Inc. owned about 3.33% of PCSB Financial worth $12,307,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of PCSB. Renaissance Technologies LLC lifted its holdings in shares of PCSB Financial by 129.0% in the 2nd quarter. Renaissance Technologies LLC now owns 227,600 shares of the company’s stock worth $4,522,000 after buying an additional 128,200 shares during the period. Millennium Management LLC lifted its holdings in shares of PCSB Financial by 483.2% in the 2nd quarter. Millennium Management LLC now owns 71,208 shares of the company’s stock worth $1,415,000 after buying an additional 58,999 shares during the period. Royce & Associates LP lifted its holdings in shares of PCSB Financial by 24.4% in the 2nd quarter. Royce & Associates LP now owns 288,300 shares of the company’s stock worth $5,729,000 after buying an additional 56,500 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of PCSB Financial by 93.7% in the 3rd quarter. Alliancebernstein L.P. now owns 88,484 shares of the company’s stock worth $1,800,000 after buying an additional 42,801 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of PCSB Financial by 36.6% in the 2nd quarter. Acadian Asset Management LLC now owns 140,517 shares of the company’s stock worth $2,793,000 after buying an additional 37,619 shares during the period. Institutional investors and hedge funds own 48.13% of the company’s stock.
Shares of PCSB stock opened at $20.06 on Tuesday. PCSB Financial Corp has a twelve month low of $18.16 and a twelve month high of $22.34. The firm has a market capitalization of $361.11 million, a price-to-earnings ratio of 37.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 15th.
Separately, BidaskClub cut PCSB Financial from a “hold” rating to a “sell” rating in a report on Friday, August 31st.
In related news, VP Scott Nogles acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was purchased at an average cost of $18.73 per share, for a total transaction of $28,095.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.
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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.
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