NasdaqCM:PCSB

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has PCSB Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PCSB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.5%

PCSB

-0.5%

US Mortgage

0.5%

US Market


1 Year Return

1.5%

PCSB

20.6%

US Mortgage

16.1%

US Market

Return vs Industry: PCSB underperformed the US Mortgage industry which returned 20.6% over the past year.

Return vs Market: PCSB underperformed the US Market which returned 16.1% over the past year.


Shareholder returns

PCSBIndustryMarket
7 Day1.5%-0.5%0.5%
30 Day1.5%1.6%3.9%
90 Day5.9%9.7%6.6%
1 Year2.3%1.5%23.2%20.6%18.7%16.1%
3 Yearn/a33.2%23.8%47.2%37.7%
5 Yearn/a71.1%52.6%61.5%43.7%

Price Volatility Vs. Market

How volatile is PCSB Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PCSB Financial undervalued compared to its fair value and its price relative to the market?

37.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PCSB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PCSB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PCSB is poor value based on its PE Ratio (37.8x) compared to the Mortgage industry average (14.4x).

PE vs Market: PCSB is poor value based on its PE Ratio (37.8x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: PCSB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PCSB is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is PCSB Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCSB's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: PCSB's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: PCSB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PCSB's revenue (2.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: PCSB's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PCSB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PCSB Financial performed over the past 5 years?

40.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCSB has high quality earnings.

Growing Profit Margin: PCSB's current net profit margins (19%) are higher than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: PCSB's earnings have grown significantly by 40.4% per year over the past 5 years.

Accelerating Growth: PCSB's earnings growth over the past year (22.9%) is below its 5-year average (40.4% per year).

Earnings vs Industry: PCSB earnings growth over the past year (22.9%) underperformed the Mortgage industry 22.9%.


Return on Equity

High ROE: PCSB's Return on Equity (3.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PCSB Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PCSB has a low level of unsold assets or inventory.

Debt Coverage by Assets: PCSB's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: PCSB's level of assets compared to its equity is low.

Allowance for Bad Loans: PCSB has a sufficient allowance for bad loans.

Low Risk Liabilities: PCSB's liabilities are made up of primarily low risk sources of funding.

Loan Level: PCSB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PCSB's loans are broadly funded by customer deposits.

Level of Bad Loans: PCSB has an appropriate level of bad loans (0.29%)


Next Steps

Dividend

What is PCSB Financial's current dividend yield, its reliability and sustainability?

0.78%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: PCSB's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: PCSB's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.65%).


Stability and Growth of Payments

Stable Dividend: PCSB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PCSB is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PCSB is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PCSB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of PCSB Financial's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Joseph Roberto (66yo)

2.8yrs

Tenure

US$4,750,767

Compensation

Mr. Joseph D. Roberto has been the Chairman, Chief Executive Officer and President of PCSB Bank and PCSB Financial Corporation since January 2012 and 2017 respectively. Mr. Roberto served as Chief Financia ...


CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD4.75M) is above average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Joseph's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

55yo

Average Age

Experienced Management: PCSB's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

2.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PCSB's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: PCSB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,98506 Sep 19
Dominick Petramale
EntityIndividual
Role
Senior Key Executive
Senior VP
Shares100
Max PriceUS$19.85
BuyUS$18,79508 Aug 19
Joseph Roberto
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1,000
Max PriceUS$18.80
BuyUS$18,90007 Aug 19
Clifford Weber
EntityIndividual
Role
Chief Legal Officer
Chief Risk Officer
Shares1,000
Max PriceUS$18.90
BuyUS$37,85007 Aug 19
Scott Nogles
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares2,000
Max PriceUS$19.05
BuyUS$7,40305 Aug 19
Matthew McCrosson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares375
Max PriceUS$19.74
SellUS$391,41108 Jul 19
David McNamara
EntityIndividual
Role
Chief Compliance Officer
Senior Vice President of Compliance and CRA Officer
Shares20,025
Max PriceUS$19.55
BuyUS$24,62020 Mar 19
Clifford Weber
EntityIndividual
Role
Chief Legal Officer
Chief Risk Officer
Shares1,224
Max PriceUS$20.11

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Joseph Roberto (66yo)

    Chairman

    • Tenure: 2.8yrs
    • Compensation: US$4.75m
  • Scott Nogles (49yo)

    Executive VP & COO

    • Tenure: 0.3yrs
    • Compensation: US$2.72m
  • Michael Goldrick (54yo)

    Executive VP & Chief Lending Officer

    • Tenure: 2.8yrs
    • Compensation: US$1.52m
  • Carol Bray (55yo)

    Chief Information Officer and Senior Vice President

    • Tenure: 3.8yrs
  • Ruth Leser (55yo)

    Senior Vice President and Director of Human Resources

    • Tenure: 23.8yrs
  • David McNamara (49yo)

    Senior Vice President of Compliance and CRA Officer

    • Tenure: 5.4yrs
  • Richard Petrone (61yo)

    Chief Credit Officer and Senior Vice President

    • Tenure: 7.3yrs
  • Clifford Weber (69yo)

    Chief Risk Officer

    • Tenure: 3.8yrs
  • Dominick Petramale

    Senior VP

    • Tenure: 0yrs
  • Jeffrey Helf (33yo)

    Senior VP & CFO

    • Tenure: 0.3yrs

Board Members

  • Joseph Roberto (66yo)

    Chairman

    • Tenure: 2.8yrs
    • Compensation: US$4.75m
  • Willard Hill (63yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.79k
  • Matthew McCrosson (69yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.81k
  • William Cuddy (61yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$618.92k
  • Michael Weber (64yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.79k
  • Kevin Dwyer (58yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.79k
  • Jeffrey Kellogg (70yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.79k
  • Robert Lusardi (65yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$621.43k
  • Karl Thimm (72yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$620.79k
  • Richard Weiss (74yo)

    Vice Chairman & Lead Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$712.62k

Company Information

PCSB Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PCSB Financial Corporation
  • Ticker: PCSB
  • Exchange: NasdaqCM
  • Founded: 1866
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$338.170m
  • Shares outstanding: 16.53m
  • Website: https://www.pcsbbank.com

Number of Employees


Location

  • PCSB Financial Corporation
  • 2651 Strang Boulevard
  • Suite 100
  • Yorktown Heights
  • New York
  • 10598
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCSBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDApr 2017

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 00:36
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.