Pioneer Bancorp (NASDAQ:PBFS) Posts Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) issued its earnings results on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Pioneer Bancorp had a net margin of 16.02% and a return on equity of 6.43%.

Pioneer Bancorp Stock Performance

Shares of PBFS traded down $0.07 during mid-day trading on Monday, hitting $14.52. 7,245 shares of the company traded hands, compared to its average volume of 11,760. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day moving average price of $14.08 and a two-hundred day moving average price of $13.85. Pioneer Bancorp has a 1 year low of $11.24 and a 1 year high of $15.18. The stock has a market cap of $364.12 million, a price-to-earnings ratio of 18.15 and a beta of 0.41.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Pioneer Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Trading of Pioneer Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBFS. AQR Capital Management LLC purchased a new stake in Pioneer Bancorp during the first quarter valued at approximately $156,000. Goldman Sachs Group Inc. increased its holdings in Pioneer Bancorp by 12.3% during the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock valued at $464,000 after buying an additional 4,334 shares during the last quarter. Empowered Funds LLC increased its holdings in Pioneer Bancorp by 8.2% during the first 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 last quarter. Jane Street Group LLC purchased a new stake in Pioneer Bancorp during the first quarter valued at approximately $121,000. Finally, Strs Ohio purchased a new stake in Pioneer Bancorp during the first quarter valued at approximately $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.