NEW YORK ( TheStreet) -- PSB Holdings (Nasdaq: PSBH) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. PSB Holdings, Inc. operates as the holding company for Putnam Bank that provides a range of banking services to individual and small business customers located primarily in eastern Connecticut. The company has a P/E ratio of 25, below the average banking industry P/E ratio of 26.1 and above the S&P 500 P/E ratio of 23.3. PSB has a market cap of $37.5 million and is part of the financial sector and banking industry. The stock last closed at $5.75 and the average volume of shares traded for PSB has been 3,200 shares per day over the past 30 days. Shares are up 32.8% year to date as of the close of trading on Monday. You can view the full PSB Ratings Report or get investment ideas from our investment research center.