Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 3.9% – Still a Buy?

Pioneer Bancorp, Inc. (NASDAQ:PBFS)’s stock price shot up 3.9% during mid-day trading on Monday . The stock traded as high as $14.24 and last traded at $14.04. 23,813 shares traded hands during trading, an increase of 34% from the average session volume of 17,812 shares. The stock had previously closed at $13.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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, Pioneer Bancorp presently has a consensus rating of “Buy”.

Pioneer Bancorp Price Performance

The stock’s 50 day moving average price is $14.09 and its 200-day moving average price is $13.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $352.12 million, a PE ratio of 17.55 and a beta of 0.45.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.15 EPS for the quarter. The company had revenue of $25.05 million for the quarter. Pioneer Bancorp had a net margin of 16.02% and a return on equity of 6.43%.

Institutional Trading of Pioneer Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position 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 purchasing an additional 992 shares in the last quarter. Rhumbline Advisers grew its position in shares of Pioneer Bancorp by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 17,351 shares of the company’s stock worth $209,000 after buying an additional 1,021 shares in the last quarter. CWM LLC grew its position in shares of Pioneer Bancorp by 65.1% during the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock worth $34,000 after buying an additional 1,029 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Pioneer Bancorp by 12.7% during the second quarter. Captrust Financial Advisors now owns 17,807 shares of the company’s stock valued at $214,000 after buying an additional 2,009 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Pioneer Bancorp by 27.4% during the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock valued at $126,000 after buying an additional 2,011 shares during the period.

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.