PCSB Financial (NASDAQ:PCSB) Price Target Raised to $23.00 at Compass Point

PCSB Financial (NASDAQ:PCSBGet Rating) had its price objective boosted by stock analysts at Compass Point to $23.00 in a report issued on Wednesday, Stock Target Advisor reports. Compass Point’s target price would suggest a potential upside of 17.83% from the company’s previous close.

NASDAQ:PCSB traded down $0.18 during trading hours on Wednesday, reaching $19.52. 14,551 shares of the company’s stock were exchanged, compared to its average volume of 44,544. The firm has a market capitalization of $299.34 million, a price-to-earnings ratio of 19.22 and a beta of 0.62. The company has a 50-day moving average of $18.70 and a 200 day moving average of $18.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17. PCSB Financial has a 1-year low of $17.40 and a 1-year high of $19.84.

Large investors have recently modified their holdings of the stock. Citigroup Inc. lifted its stake in shares of PCSB Financial by 140.2% in the 3rd quarter. Citigroup Inc. now owns 1,552 shares of the company’s stock worth $29,000 after acquiring an additional 906 shares during the period. Marshall Wace LLP purchased a new position in PCSB Financial during the 4th quarter valued at about $34,000. BNP Paribas Arbitrage SA increased its holdings in PCSB Financial by 109.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,672 shares of the company’s stock valued at $68,000 after acquiring an additional 1,918 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in PCSB Financial during the 4th quarter valued at about $68,000. Finally, FNY Investment Advisers LLC purchased a new position in PCSB Financial during the 1st quarter valued at about $85,000. Hedge funds and other institutional investors own 62.77% of the company’s stock.

About PCSB Financial (Get Rating)

PCSB Financial Corporation operates as the bank holding company for PCSB Bank that provides financial products and services to individuals and businesses in Putnam, Southern Dutchess, Rockland, and Westchester Counties in New York. The company's deposit products include interest and non-interest bearing, demand, NOW, money market, escrow, and savings accounts, as well as time deposits.

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