Pioneer Bancorp (NASDAQ:PBFS) Releases Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) posted its earnings results on Friday. The company reported $0.15 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $25.05 million for the quarter. Pioneer Bancorp had a return on equity of 6.38% and a net margin of 16.17%.

Pioneer Bancorp Trading Up 1.1%

Pioneer Bancorp stock opened at $14.15 on Friday. The stock has a fifty day moving average price of $13.69 and a 200 day moving average price of $13.22. Pioneer Bancorp has a 52 week low of $10.60 and a 52 week high of $14.94. The firm has a market capitalization of $354.88 million, a P/E ratio of 17.69 and a beta of 0.45.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pioneer Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Insider Transactions at Pioneer Bancorp

In other Pioneer Bancorp news, EVP Jesse Tomczak sold 5,395 shares of Pioneer Bancorp stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $14.69, for a total value of $79,252.55. Following the completion of the sale, the executive vice president owned 41,000 shares in the company, valued at $602,290. The trade was a 11.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Pioneer Bancorp

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in Pioneer Bancorp in the first quarter valued at approximately $156,000. Goldman Sachs Group Inc. boosted its holdings in shares of Pioneer Bancorp by 12.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock valued at $464,000 after purchasing an additional 4,334 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Pioneer Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 65,119 shares of the company’s stock valued at $763,000 after buying an additional 4,955 shares during the period. Jane Street Group LLC acquired a new stake in shares of Pioneer Bancorp during the 1st quarter worth $121,000. Finally, Strs Ohio purchased a new position in shares of Pioneer Bancorp in the 1st quarter worth $60,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.