Pioneer Bancorp (NASDAQ:PBFS) Posts Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) posted its quarterly earnings results on Monday. The company reported $0.14 EPS for the quarter, Zacks reports. The firm had revenue of $28.32 million for the quarter.

Pioneer Bancorp Stock Performance

Shares of PBFS stock traded up $0.10 during trading hours on Wednesday, reaching $17.18. The company had a trading volume of 1,234 shares, compared to its average volume of 14,983. The business has a fifty day moving average price of $17.05 and a 200-day moving average price of $15.29. Pioneer Bancorp has a one year low of $12.49 and a one year high of $19.42. The firm has a market cap of $430.82 million, a PE ratio of 26.03 and a beta of 0.41.

Institutional Investors Weigh In On Pioneer Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBFS. BNP Paribas Financial Markets raised its stake in Pioneer Bancorp by 83.3% during 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 last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Pioneer Bancorp by 160.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after buying an additional 2,152 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Pioneer Bancorp by 238.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after buying an additional 2,851 shares during the last quarter. Strs Ohio bought a new stake in shares of Pioneer Bancorp in the first quarter worth $60,000. Finally, Jane Street Group LLC bought a new stake in shares of Pioneer Bancorp in the first quarter worth $121,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen raised Pioneer Bancorp to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.