Duyuru • Jan 04
PCSB Financial Corporation(NasdaqCM:PCSB) dropped from NASDAQ Composite Index PCSB Bank has been removed from NASDAQ Composite Index. Price Target Changed • Nov 16
Price target increased to US$25.00 Up from US$22.50, the current price target is provided by 1 analyst. New target price is 27% above last closing price of US$19.74. The company is forecast to post earnings per share of US$1.25 for next year compared to US$1.05 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Marsha Gordon was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 01
Price target increased to US$25.00 Up from US$22.50, the current price target is an average from 2 analysts. New target price is 28% above last closing price of US$19.49. The company is forecast to post earnings per share of US$1.25 for next year compared to US$1.05 last year. Reported Earnings • Oct 28
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: US$0.34 (up from US$0.25 in 1Q 2022). Revenue: US$15.6m (up 19% from 1Q 2022). Net income: US$4.78m (up 32% from 1Q 2022). Profit margin: 31% (up from 28% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Oct 28
PCSB Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on or About November 25, 2022 PCSB Financial Corporation On October 26, 2022, the Board of Directors declared a regular quarterly cash dividend of $0.07 per share. The dividend is payable on or about November 25, 2022 to shareholders of record as of the close of business on November 10, 2022. Upcoming Dividend • Aug 18
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.0%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 05
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$1.05 (up from US$0.84 in FY 2021). Revenue: US$55.5m (up 9.8% from FY 2021). Net income: US$14.9m (up 20% from FY 2021). Profit margin: 27% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.90% (up from 2.73% in FY 2021). Cost-to-income ratio: 65.6% (down from 69.7% in FY 2021). Non-performing loans: 0.69% (up from 0.47% in FY 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%. Over the next year, revenue is expected to shrink by 3.8% compared to a 16% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Aug 05
Pcsb Financial Corporation Declares Quarterly Cash Dividend, Payable on or About September 9, 2022 On July 27, 2022, PCSB Financial Corporation announced that the Board of Directors declared a regular quarterly cash dividend of $0.07 per share. The dividend is payable on or about September 9, 2022 to shareholders of record as of the close of business on August 26, 2022. Duyuru • May 26
Brookline Bancorp, Inc. (NasdaqGS:BRKL) entered into a definitive agreement to acquire PCSB Financial Corporation (NasdaqCM:PCSB) for approximately $320 million. Brookline Bancorp, Inc. (NasdaqGS:BRKL) entered into a definitive agreement to acquire PCSB Financial Corporation (NasdaqCM:PCSB) for approximately $320 million on May 23, 2022. Under the terms of the transaction, shareholders of PCSB will receive, for each share of PCSB, at the holder’s election, either $22.00 in cash consideration or 1.3284 shares of Brookline common stock for each share of PCSB common stock, subject to allocation procedures to ensure 60% of the outstanding shares of PCSB common stock will be converted to Brookline common stock. The receipt of Brookline common stock by stockholders of PCSB is expected to be tax-free. Following the transaction, PCSB Bank will operate as a separate bank subsidiary of Brookline. PCSB Bank will retain its New York bank charter and Board of Directors and its headquarters will remain in Yorktown Heights. Brookline will select one PCSB director to join its Board of Directors. Following the closing, Michael P. Goldrick shall become PCSB Bank’s President and Chief Executive Officer. PCSB shall pay a termination fee of $12 million to Brookline. The transaction has been unanimously approved by the Board of Directors of both companies and is subject to approval by PCSB stockholders, as well as regulatory approvals, effectiveness of the Registration Statement, shares of Brookline common stock shall have been authorized for listing on Nasdaq and other customary closing conditions. The deal is expected to be completed in the second half of 2022. The transaction is anticipated double-digit EPS accretion of approximately 13% to Brookline’s earnings per share. Brookline was advised in this transaction by Performance Trust Capital Partners, LLC as financial advisor and Samantha M. Kirby of Goodwin Procter LLP as legal counsel. PCSB was advised by Piper Sandler & Co. as financial advisor and fairness opinion provider and Kip A. Weissman of Luse Gorman, PC as legal counsel. Upcoming Dividend • May 05
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (3.8%). Lower than average of industry peers (5.9%). Reported Earnings • Apr 29
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: US$0.25. Revenue: US$13.4m (up 1.8% from 3Q 2021). Net income: US$3.47m (down 3.3% from 3Q 2021). Profit margin: 26% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 3.4% compared to a 9.6% decline forecast for the industry in the US. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Marsha Gordon was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 03
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 10 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (3.7%). Reported Earnings • Jan 30
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: US$0.30 (up from US$0.18 in 2Q 2021). Revenue: US$14.2m (up 17% from 2Q 2021). Net income: US$4.29m (up 59% from 2Q 2021). Profit margin: 30% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Over the next year, revenue is expected to shrink by 3.1% compared to a 9.3% decline forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Jan 28
PCSB Financial Corporation Declares Quarterly Cash Dividend, Payable on or About February 25, 2022 On January 26, 2022, the Board of Directors of PCSB Financial Corporation declared a regular quarterly cash dividend of $0.06 per share. The dividend is payable on or about February 25, 2022 to shareholders of record as of the close of business on February 11, 2022. Recent Insider Transactions • Dec 20
Executive VP & Chief Lending Officer recently sold US$95k worth of stock On the 13th of December, Michael Goldrick sold around 5k shares on-market at roughly US$18.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$186k more than they bought in the last 12 months. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 26 November 2021. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (3.3%). Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS US$0.25 (vs US$0.18 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$13.1m (up 8.9% from 1Q 2021). Net income: US$3.61m (up 33% from 1Q 2021). Profit margin: 28% (up from 23% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 12
Full year 2021 earnings released: EPS US$0.84 (vs US$0.60 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$50.5m (up 8.2% from FY 2020). Net income: US$12.4m (up 33% from FY 2020). Profit margin: 25% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 0.47% (up from 0.14% in FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 03 September 2021. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Aug 11
Independent Director recently bought US$56k worth of stock On the 6th of August, Matthew McCrosson bought around 3k shares on-market at roughly US$18.72 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$39k more in shares than they bought in the last 12 months. Reported Earnings • Aug 06
Full year 2021 earnings released: EPS US$0.84 (vs US$0.60 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$50.5m (up 8.2% from FY 2020). Net income: US$12.4m (up 33% from FY 2020). Profit margin: 25% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 06
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 28 May 2021. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (3.1%). Recent Insider Transactions • May 06
Chief Information Officer & Senior VP recently sold US$105k worth of stock On the 3rd of May, Carol Bray sold around 5k shares on-market at roughly US$19.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$71k more than they bought in the last 12 months. Price Target Changed • May 04
Price target increased to US$20.00 Up from US$18.50, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of US$18.37. Stock is up 45% over the past year. Reported Earnings • May 03
Third quarter 2021 earnings released: EPS US$0.25 (vs US$0.079 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$13.1m (up 30% from 3Q 2020). Net income: US$3.59m (up 195% from 3Q 2020). Profit margin: 27% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Apr 30
PCSB Financial Corporation Declares Quarterly Cash Dividend, Payable on or About May 28, 2021 PCSB Financial Corporation on April 21, 2021, the Board of Directors declared a regular quarterly cash dividend of $0.06 per share, an increase of 50% from the prior quarter. The dividend is payable on or about May 28, 2021 to shareholders of record as of the close of business on May 14, 2021. Major Estimate Revision • Apr 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.71 to US$0.80. Revenue forecast unchanged at US$45.3m. Net income forecast to grow 7.4% next year vs 4.2% growth forecast for Mortgage industry in the US. Consensus price target up from US$18.01 to US$18.50. Share price rose 4.2% to US$17.56 over the past week. Price Target Changed • Mar 11
Price target raised to US$18.50 Up from US$17.00, the current price target is an average from 2 analysts. The new target price is 5.8% above the current share price of US$17.48. As of last close, the stock is up 17% over the past year. Is New 90 Day High Low • Mar 04
New 90-day high: US$16.94 The company is up 8.0% from its price of US$15.66 on 03 December 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 27% over the same period. Major Estimate Revision • Feb 05
Analysts update estimates The 2021 consensus revenue estimate was lowered from US$47.0m to US$46.2m. Earnings per share (EPS) increased from US$0.53 to US$0.71 for the same period. Net income is expected to grow by 7.4% next year compared to 9.5% growth forecast for the Mortgage industry in the US. The consensus price target increased from US$17.00 to US$18.00. Share price is up 4.3% to US$15.59 over the past week. Reported Earnings • Jan 30
Second quarter 2021 earnings released: EPS US$0.18 (vs US$0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$12.2m (up 3.0% from 2Q 2020). Net income: US$2.69m (up 14% from 2Q 2020). Profit margin: 22% (up from 20% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.2%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Over the next year, revenue is forecast to grow 1.5% compared to a 1.5% decline forecast for the Mortgage industry in the US. Is New 90 Day High Low • Jan 07
New 90-day high: US$16.84 The company is up 30% from its price of US$12.92 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 5.0% over the same period. Price Target Changed • Dec 18
Price target raised to US$17.00 Up from US$15.25, the current price target is provided by 1 analyst. The new target price is close to the current share price of US$16.26. As of last close, the stock is down 20% over the past year. Is New 90 Day High Low • Nov 10
New 90-day high: US$14.83 The company is up 11% from its price of US$13.32 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is down 2.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 09
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 125%. Over the next year, revenue is forecast to grow 1.8%, compared to a 11% growth forecast for the Mortgage industry in the US. Reported Earnings • Nov 09
First quarter 2021 earnings released: EPS US$0.18 The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$12.1m (down 2.9% from 1Q 2020). Net income: US$2.73m (down 3.6% from 1Q 2020). Profit margin: 23% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Oct 30
First-quarter earnings released: Revenue and earnings beat expectations First-quarter revenue exceeded analyst estimates by 8.5% at US$11.6m. Earnings per share (EPS) also surpassed analyst estimates by 260% at US$0.18. Revenue is expected to shrink by 1.7% over the next year, compared to a 11% growth forecast for the Mortgage industry in the US. Reported Earnings • Oct 30
First quarter earnings released Over the last 12 months the company has reported total profits of US$9.26m, up 5.0% from the prior year. Total revenue was US$46.3m over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 21
New 90-day high: US$13.50 The company is up 17% from its price of US$11.57 on 23 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 11% over the same period. Duyuru • Jul 03
PCSB Financial Corporation(NasdaqCM:PCSB) dropped from Russell 2000 Growth-Defensive Index PCSB Financial Corporation(NasdaqCM:PCSB) dropped from Russell 2000 Growth-Defensive Index Duyuru • Jul 02
PCSB Financial Corporation(NasdaqCM:PCSB) dropped from Russell 3000 Growth Index PCSB Financial Corporation(NasdaqCM:PCSB) dropped from Russell 3000 Growth Index