Wall Street Zen Upgrades Pioneer Bancorp (NASDAQ:PBFS) to Hold

Pioneer Bancorp (NASDAQ:PBFS) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pioneer Bancorp presently has an average rating of “Buy”.

Pioneer Bancorp Price Performance

Shares of PBFS stock opened at $17.17 on Friday. The firm has a market cap of $430.62 million, a P/E ratio of 26.02 and a beta of 0.40. Pioneer Bancorp has a 1-year low of $12.01 and a 1-year high of $19.42. The firm has a fifty day moving average of $16.25 and a two-hundred day moving average of $14.81.

Pioneer Bancorp (NASDAQ:PBFS) last issued its earnings results on Monday, May 11th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $24.61 million during the quarter.

Institutional Trading of Pioneer Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of PBFS. BNP Paribas Financial Markets boosted its holdings in shares of Pioneer Bancorp by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after buying an additional 992 shares during the period. Tower Research Capital LLC TRC raised its stake in Pioneer Bancorp by 160.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after acquiring an additional 2,152 shares during the period. Russell Investments Group Ltd. raised its stake in Pioneer Bancorp by 238.8% during the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after acquiring an additional 2,851 shares during the period. Strs Ohio bought a new position in Pioneer Bancorp in the first quarter worth about $60,000. Finally, Jane Street Group LLC bought a new position in Pioneer Bancorp in the first quarter worth about $121,000.

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.