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PCSB Financial

Nasdaq:PCSB
Snowflake Description

Flawless balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCSB
Nasdaq
$220M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
  • PCSB Financial has significant price volatility in the past 3 months.
PCSB Share Price and Events
7 Day Returns
4.1%
NasdaqCM:PCSB
4.8%
US Mortgage
8%
US Market
1 Year Returns
-28.6%
NasdaqCM:PCSB
-30%
US Mortgage
-8.1%
US Market
PCSB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PCSB Financial (PCSB) 4.1% -11.5% -30.2% -28.6% - -
US Mortgage 4.8% -23.1% -35.4% -30% -26.4% -12.9%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • PCSB outperformed the Mortgage industry which returned -30% over the past year.
  • PCSB underperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
PCSB
Industry
5yr Volatility vs Market

Value

 Is PCSB Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PCSB Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PCSB Financial.

NasdaqCM:PCSB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.86 * 2.3%
$0.40
Book Value of Equity per Share Median Book Value from the past 5 years. $16.86
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:PCSB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 21%) (44.71%))
0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.975 * 5.44%)
7.04%

Discounted Cash Flow Calculation for NasdaqCM:PCSB using Excess Returns Model Model

The calculations below outline how an intrinsic value for PCSB Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:PCSB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.3% – 7.04%) * $16.86)
$-0.79
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.79 / (7.04% - 1.74%)
$-14.94
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.86 + $-14.94
$1.92
NasdaqCM:PCSB Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.92
Current discount Discount to share price of $13.84
= -1 x ($13.84 - $1.92) / $1.92
-619.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PCSB Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PCSB Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PCSB Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:PCSB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.55
NasdaqCM:PCSB Share Price ** NasdaqCM (2020-04-08) in USD $13.84
United States of America Mortgage Industry PE Ratio Median Figure of 121 Publicly-Listed Mortgage Companies 10.25x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PCSB Financial.

NasdaqCM:PCSB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PCSB Share Price ÷ EPS (both in USD)

= 13.84 ÷ 0.55

25.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCSB Financial is overvalued based on earnings compared to the US Mortgage industry average.
  • PCSB Financial is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does PCSB Financial's expected growth come at a high price?
Raw Data
NasdaqCM:PCSB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-6.9%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.35x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*Line of best fit is calculated by linear regression .

NasdaqCM:PCSB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.06x ÷ -6.9%

-3.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCSB Financial earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PCSB Financial's assets?
Raw Data
NasdaqCM:PCSB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $17.26
NasdaqCM:PCSB Share Price * NasdaqCM (2020-04-08) in USD $13.84
United States of America Mortgage Industry PB Ratio Median Figure of 133 Publicly-Listed Mortgage Companies 0.78x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
NasdaqCM:PCSB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PCSB Share Price ÷ Book Value per Share (both in USD)

= 13.84 ÷ 17.26

0.8x

* Primary Listing of PCSB Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCSB Financial is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess PCSB Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. PCSB Financial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PCSB Financial expected to grow at an attractive rate?
  • PCSB Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • PCSB Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • PCSB Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:PCSB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:PCSB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -6.9%
NasdaqCM:PCSB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.8%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -0.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:PCSB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:PCSB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 48 8 1
2020-06-30 47 10 1
2020-04-09
NasdaqCM:PCSB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 47 15 9
2019-09-30 46 16 9
2019-06-30 45 13 8
2019-03-31 46 14 9
2018-12-31 45 16 9
2018-09-30 44 14 7
2018-06-30 44 15 7
2018-03-31 42 15 2
2017-12-31 41 13 2
2017-09-30 40 10 4
2017-06-30 39 8 3
2017-03-31 37 3 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PCSB Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • PCSB Financial's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:PCSB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from PCSB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PCSB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.54 0.54 0.54 1.00
2020-06-30 0.59 0.59 0.59 1.00
2020-04-09
NasdaqCM:PCSB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.55
2019-09-30 0.54
2019-06-30 0.50
2019-03-31 0.56
2018-12-31 0.56
2018-09-30 0.43
2018-06-30 0.39
2018-03-31 0.13
2017-12-31 0.11
2017-09-30 0.21
2017-06-30 0.19
2017-03-31 0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PCSB Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PCSB Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PCSB Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PCSB Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PCSB Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PCSB Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • PCSB Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PCSB Financial's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
PCSB Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PCSB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:PCSB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 46.55 8.85 32.73
2019-09-30 46.38 8.82 32.04
2019-06-30 45.00 8.32 31.24
2019-03-31 46.02 9.31 30.74
2018-12-31 45.31 9.50 29.77
2018-09-30 44.33 7.18 29.43
2018-06-30 43.74 6.60 29.33
2018-03-31 41.79 2.15 30.11
2017-12-31 40.53 1.86 28.70
2017-09-30 40.08 3.53 27.62
2017-06-30 38.93 3.23 26.40
2017-03-31 36.75 4.86 24.92
2016-12-31 36.49 4.07 25.35
2016-09-30 34.75 3.13 25.14
2016-06-30 34.32 2.93 26.59
2015-06-30 25.18 0.51 19.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PCSB Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PCSB Financial used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if PCSB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess PCSB Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PCSB Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of PCSB Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PCSB Financial Company Filings, last reported 3 months ago.

NasdaqCM:PCSB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 279.84 86.15 62.84
2019-09-30 281.52 111.19 37.80
2019-06-30 281.31 111.22 60.03
2019-03-31 278.32 26.25 87.11
2018-12-31 288.78 26.28 143.12
2018-09-30 289.88 18.81 68.32
2018-06-30 287.56 18.84 62.15
2018-03-31 284.66 68.87 36.51
2017-12-31 282.41 30.72 77.11
2017-09-30 282.09 35.75 34.73
2017-06-30 279.85 42.60 60.49
2017-03-31 117.27 24.45 178.41
2016-12-31 112.76 4.02 48.33
2016-09-30 111.51 11.05 60.42
2016-06-30 109.95 20.08 41.58
2015-06-30 110.27 14.00 77.76
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • PCSB Financial has an acceptable proportion of non-loan assets held.
  • PCSB Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at PCSB Financial are broadly funded by customer deposits.
  • PCSB Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • PCSB Financial has a sufficient allowance for bad loans.
  • PCSB Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess PCSB Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PCSB Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.16%
Current annual income from PCSB Financial dividends.
If you bought $2,000 of PCSB Financial shares you are expected to receive $23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PCSB Financial's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.89%).
  • PCSB Financial's dividend is below the markets top 25% of dividend payers in United States of America (5.26%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:PCSB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:PCSB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2020-04-09
NasdaqCM:PCSB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-07 0.160 1.023
2020-01-23 0.160 0.799
2019-11-08 0.160 0.794
2019-10-23 0.160 0.787
2019-09-10 0.160 0.793
2019-08-01 0.160 0.821
2019-05-10 0.160 0.816
2019-04-25 0.160 0.842
2019-02-08 0.120 0.606
2019-01-24 0.120 0.589
2018-08-02 0.120 0.605
2018-04-26 0.120 0.598

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PCSB Financial has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PCSB Financial only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of PCSB Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PCSB Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PCSB Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PCSB Financial has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Roberto
COMPENSATION $4,750,767
AGE 66
TENURE AS CEO 3.3 years
CEO Bio

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 Financial Officer of PCSB Bank from October 2005 to December 2011. His banking career spans more than 40 years serving in various financial management and executive positions for other financial institutions. Before joining PCSB Bank, Mr. Roberto began his career at Yonkers Savings and Loan Association and served as Chief Financial Officer for both Yonkers Financial Corp. and Yonkers Savings and Loan Association F. A. from 1996 to 2002 and also served as its Senior Vice President and Treasurer, where he served for 29 years. In 2004 and 2005, he served as Executive Vice President and Chief Financial Officer of Empire State Bank, a public commercial bank. He served as Executive Officer of BRT Apartments Corp. since September 2003. Mr. Roberto is actively involved in various organizations in both Putnam and Westchester Counties, currently serving on the boards of the Putnam Economic Development Committee, as its Chairman, the Putnam Hospital Center Foundation and the Westchester County Association. Mr. Roberto is also actively involved with the American Heart Association and its Putnam Heart Walk leading PCSB Bank’s efforts in fund raising and heart healthy awareness.

CEO Compensation
  • Joseph's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Joseph's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the PCSB Financial management team in years:

4.3
Average Tenure
55
Average Age
  • The tenure for the PCSB Financial management team is about average.
Management Team

Joseph Roberto

TITLE
Chairman
COMPENSATION
$5M
AGE
66
TENURE
3.3 yrs

Scott Nogles

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
49
TENURE
0.8 yrs

Michael Goldrick

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$2M
AGE
54
TENURE
3.3 yrs

Jeffrey Helf

TITLE
Senior VP & CFO
AGE
33
TENURE
0.8 yrs

Carol Bray

TITLE
Chief Information Officer and Senior Vice President
AGE
55
TENURE
4.3 yrs

David McNamara

TITLE
Senior Vice President of Compliance and CRA Officer
AGE
49
TENURE
5.8 yrs

Clifford Weber

TITLE
Chief Risk Officer
AGE
69
TENURE
4.3 yrs

Ruth Leser

TITLE
Senior Vice President and Director of Human Resources
AGE
55
TENURE
24.3 yrs

Richard Petrone

TITLE
Chief Credit Officer and Senior Vice President
AGE
61
TENURE
7.7 yrs

Dominick Petramale

TITLE
Senior VP
Board of Directors Tenure

Average tenure and age of the PCSB Financial board of directors in years:

3.3
Average Tenure
65.5
Average Age
  • The tenure for the PCSB Financial board of directors is about average.
Board of Directors

Joseph Roberto

TITLE
Chairman
COMPENSATION
$5M
AGE
66
TENURE
3.3 yrs

Richard Weiss

TITLE
Vice Chairman & Lead Independent Director
COMPENSATION
$713K
AGE
74
TENURE
3.3 yrs

Jeffrey Kellogg

TITLE
Independent Director
COMPENSATION
$621K
AGE
70
TENURE
3.3 yrs

Michael Weber

TITLE
Independent Director
COMPENSATION
$621K
AGE
64
TENURE
3.3 yrs

William Cuddy

TITLE
Independent Director
COMPENSATION
$619K
AGE
61
TENURE
3.3 yrs

Kevin Dwyer

TITLE
Independent Director
COMPENSATION
$621K
AGE
58
TENURE
3.3 yrs

Robert Lusardi

TITLE
Director
COMPENSATION
$621K
AGE
65
TENURE
3.3 yrs

Matthew McCrosson

TITLE
Independent Director
COMPENSATION
$621K
AGE
69
TENURE
3.3 yrs

Karl Thimm

TITLE
Independent Director
COMPENSATION
$621K
AGE
72
TENURE
3.3 yrs

Willard Hill

TITLE
Independent Director
COMPENSATION
$621K
AGE
63
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PCSB Financial individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 20 Buy Jeffrey Helf Individual 12. Mar 20 12. Mar 20 1,200 $14.00 $16,800
27. Feb 20 Buy Jeffrey Helf Individual 26. Feb 20 26. Feb 20 1,000 $19.24 $19,240
30. Jan 20 Buy Matthew McCrosson Individual 27. Jan 20 27. Jan 20 625 $19.88 $12,423
27. Nov 19 Sell Michael Weber Individual 25. Nov 19 25. Nov 19 -850 $20.50 $-17,425
06. Sep 19 Buy Dominick Petramale Individual 05. Sep 19 05. Sep 19 100 $19.85 $1,985
08. Aug 19 Buy Joseph Roberto Individual 07. Aug 19 07. Aug 19 1,000 $18.80 $18,795
07. Aug 19 Buy Clifford Weber Individual 07. Aug 19 07. Aug 19 1,000 $18.90 $18,900
07. Aug 19 Buy Scott Nogles Individual 06. Aug 19 07. Aug 19 2,000 $19.05 $37,850
05. Aug 19 Buy Matthew McCrosson Individual 02. Aug 19 02. Aug 19 375 $19.74 $7,403
08. Jul 19 Sell David McNamara Individual 24. Jun 19 24. Jun 19 -20,025 $19.55 $-391,411
X
Management checks
We assess PCSB Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PCSB Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

PCSB Financial Corporation (NASDAQ:PCSB) Looks Interesting, And It's About To Pay A Dividend

Unfortunately PCSB Financial has only been paying a dividend for a year or so, so there's not much of a history to draw insight from. … To Sum It Up Has PCSB Financial got what it takes to maintain its dividend payments? … In summary, PCSB Financial appears to have some promise as a dividend stock, and we'd suggest taking a closer look at it.

Simply Wall St -

What Type Of Shareholder Owns PCSB Financial Corporation's (NASDAQ:PCSB)?

With a market capitalization of US$311m, PCSB Financial is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. … View our latest analysis for PCSB Financial NasdaqCM:PCSB Ownership Summary, August 8th 2019 What Does The Institutional Ownership Tell Us About PCSB Financial?

Simply Wall St -

Is Now The Time To Put PCSB Financial (NASDAQ:PCSB) On Your Watchlist?

As a result, I'm encouraged by the fact that insiders own PCSB Financial shares worth a considerable sum. … Although PCSB Financial certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

Do Institutions Own PCSB Financial Corporation (NASDAQ:PCSB) Shares?

A look at the shareholders of PCSB Financial Corporation (NASDAQ:PCSB) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of US$326m, PCSB Financial is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Are Insiders Buying PCSB Financial Corporation (NASDAQ:PCSB) Stock?

So we'll take a look at whether insiders have been buying or selling shares in PCSB Financial Corporation (NASDAQ:PCSB). … PCSB Financial Insider Transactions Over The Last Year. … We generally consider it a positive if insiders have been buying on market, even above the current price.

Simply Wall St -

Here's What PCSB Financial Corporation's (NASDAQ:PCSB) P/E Is Telling Us

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at PCSB Financial Corporation's (NASDAQ:PCSB) P/E ratio and reflect on what it tells us about the company's share price. … PCSB Financial has a price to earnings ratio of 44.84, based on the last twelve months.

Simply Wall St -

Where PCSB Financial Corporation's (NASDAQ:PCSB) Earnings Growth Stands Against Its Industry

After looking at PCSB Financial Corporation's (NASDAQ:PCSB) latest earnings announcement (30 June 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for PCSB Financial? … PCSB's trailing twelve-month earnings (from 30 June 2018) of US$6.6m has

Simply Wall St -

Is PCSB Financial Corporation (NASDAQ:PCSB) An Industry Laggard Or Leader?

PCSB Financial Corporation (NASDAQ:PCSB), a US$335.31m. … is a financial services company operating in an industry, … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Will PCSB Financial Corporation (NASDAQ:PCSB) Continue To Underperform Its Industry?

and looking to gauge the potential return on investment in PCSB Financial Corporation (NASDAQ:PCSB). … PCSB Financial Corporation’s (NASDAQ:PCSB) most recent return on equity was a substandard 0.75% relative to its industry performance of 5.71% over the past year. … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of PCSB's returns.

Simply Wall St -

Company Info

Description

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. The company’s deposit products include non-interest bearing demand, NOW, money market, escrow, and savings accounts, as well as time deposits. It also provides commercial real estate, multi-family residential real estate, commercial business, construction, residential mortgage, and consumer and deposit overdraft loans, as well as home equity lines of credit, insurance products, and securities. PCSB Financial Corporation offers its services from executive offices/headquarters and 15 banking offices. The company was founded in 1866 and is headquartered in Yorktown Heights, New York.

Details
Name: PCSB Financial Corporation
PCSB
Exchange: NasdaqCM
Founded: 1866
$219,794,091
15,881,076
Website: http://www.pcsbbank.com
Address: PCSB Financial Corporation
2651 Strang Boulevard,
Suite 100,
Yorktown Heights,
New York, 10598,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PCSB Common Stock Nasdaq Capital Market US USD 21. Apr 2017
Number of employees
Current staff
Staff numbers
171
PCSB Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 03:17
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.