PCSB Financial Corp (PCSB) Declares Dividend Increase – $0.04 Per Share

PCSB Financial Corp (NASDAQ:PCSB) announced a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.04 per share on Friday, May 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, May 16th. This is a positive change from PCSB Financial’s previous quarterly dividend of $0.03.

Shares of PCSB opened at $19.17 on Friday. The company has a market capitalization of $338.28 million, a P/E ratio of 34.54 and a beta of 0.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. PCSB Financial has a 1-year low of $18.16 and a 1-year high of $21.00.

PCSB Financial (NASDAQ:PCSB) last announced its earnings results on Thursday, April 25th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $11.32 million during the quarter. PCSB Financial had a net margin of 16.74% and a return on equity of 3.19%.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of PCSB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. ValuEngine downgraded shares of PCSB Financial from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Finally, TheStreet raised shares of PCSB Financial from a “c” rating to a “b-” rating in a research note on Monday, April 22nd.

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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.

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Dividend History for PCSB Financial (NASDAQ:PCSB)

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